Profit warning: Raute Corporation’s net sales to decrease from 2019

According to preliminary, unaudited information, Raute’s net sales outlook for 2020 has weakened and will decrease clearly from 2019. According to the preliminary information, Raute’s net sales for 2020 will be approximately EUR 115 million (2019: EUR 151.3 million). Previously, the company has estimated net sales for 2020 to decrease compared to 2019 and that operating profit will weaken.

Raute will publish its financial statements as planned on 12 February 2021. The company will then provide more detailed information on its net sales and operating profit for 2020 and outlook for 2021.