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Tag: Raute

Editor’s pickRaute launches next-generation panel repairing technology for North American plywood industry

19-11-2020
Raute, panel manufacturing, panel repair, machinery

Raute Panel Repair Station R5 is the first fully automated panel repair station Raute has announced the launch of a new and unique panel repair station and next-generation panel repairing line. Automatic panel repairing increases the cost efficiency of plywood production, ensures that the final quality of the panels is more uniform and makes it …

Raute concludes cooperation negotiations

25-06-2020
Finland, Raute, COVID-19

Negotiations concerning temporary layoffs of salaried and senior salaried employees of Raute’s operations in Finland in Nastola, Lahti, and Kajaani, have been concluded. These negotiations concerned measures, the purpose of which was to adapt operations to the financial and production-related situation resulting from the declined order book …

Raute acquires majority holding in Hiottu Oy

17-06-2020
Raute, acquisition, Hiottu Oy, software services

Raute Corporation has signed an agreement on the acquisition of the majority of the share capital in Oulu-based Hiottu Oy. The shareholders employed by Hiottu will continue working for the company. Hiottu, established in 2005, is a company offering software services with special knowhow in various machine vision solutions and other system …

Raute to temporarily layoff some staff

16-06-2020
Raute, adaptive measures, layoffs, temporary

Raute Corporation has initiated negotiations in accordance with the Act on Co-operation within Undertakings concerning measures to adapt its operations in Finland, i.e. in Nastola, Lahti, and Kajaani. The purpose of the negotiations is to adapt operations to the financial and production-related situation resulting from the declined order book and …

Raute's profit outlook for 2020 weakened

28-04-2020
Raute, profit outlook, net sales, operating profits, weakened

Raute's profit outlook for 2020 has weakened. Net sales are estimated to decline from 2019 and operating profit is estimated to weaken clearly from the year 2019. Previously the company has estimated net sales for 2020 to remain at the same level as in 2019 and operating profit to weaken compared to 2019. In 2019, the Group's net sales were EUR …

Raute's 3Q earnings continue to decline

31-10-2019
Raute, earnings, profits, sales, interim report, 3Q

RAUTE CORPORATION - INTERIM REPORT JANUARY 1-SEPTEMBER 30, 2019 - The Group’s net sales, EUR 112.0 million (MEUR 126.8), decreased 12% from the comparison period. Order intake was EUR 130 million (MEUR 138). - Operating profit was EUR 6.6 million (MEUR 11.5), down 42% from the comparison period. The result before taxes was EUR 6.7 million …

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