Disclosure policy

The purpose of this disclosure policy is to define the key principles that the Raute Corporation (Raute or the company) follows in its financial reporting, communication, and investor relations. The disclosure policy is reviewed periodically and updated as necessary.The purpose of this disclosure policy is to define the key principles that the Raute Corporation (Raute or the company) follows in its financial reporting, communication, and investor relations. The disclosure policy is reviewed periodically and updated as necessary.

Raute shares are listed on the Nasdaq Helsinki Ltd. stock exchange. Raute complies with applicable EU and Finnish legislation, Nasdaq Helsinki Ltd. rules, ESMA (European Securities and Markets Authority) and Financial Supervisory Authority guidelines, regulations, and interpretations, the Finnish Corporate Governance Code, and the company's governance principles in all its disclosures and investor communications.

Investor relations are managed by the company's CEO and CFO.

Communication practices

Raute's investor communication is based on facts. The key principles of communication are transparency, planning, honesty, fairness, and proactivity. Raute communicates consistently both positive and negative matters to all stakeholders simultaneously. The goal is to provide accurate and sufficient information about the company's operations without undue delay.

The objective of Raute's investor communication is to support the correct valuation of the company's shares by providing the capital markets with timely, sufficient, and accurate information about the company, its operations, operating environment, strategy, objectives, and financial situation, and ensure equal and simultaneous access to information about the company for the capital markets.

Insider information

Insider information refers to precise, unpublished information directly or indirectly related to the company or its financial instrument, which, if disclosed, would likely have a significant effect on the price of the financial instrument. Insider information is defined in the company's insider guidelines. Raute discloses insider information directly related to the company as soon as possible. However, the disclosure of insider information may be delayed if the conditions defined in the regulations are met. The decision to delay the disclosure of insider information is made and recorded in accordance with the company's insider guidelines.

In matters related to insider information, Raute complies with applicable legislation, ESMA and Financial Supervisory Authority guidelines, regulations, and interpretations, as well as Nasdaq Helsinki Ltd. rules and insider guidelines. Additionally, the company has an insider guideline approved by the Board of Directors, according to which the company's management subject to the notification obligation and other persons receiving confidential financial information (Confidential Information Recipient; CIR) are prohibited from trading in the company's financial instruments on their own or a third party's behalf, directly or indirectly, for 30 days (the so-called closed window) before the publication of the company's interim report or financial statement release and on the same day when the interim report or financial statement release is published.

Silent period

Raute observes a silent period before the results announcement, during which the company does not hold analyst or investor communication meetings or calls. The silent period begins at the end of the reporting period, always at least 30 days before the publication of the interim report or financial statement release and ends when the corresponding stock exchange release is published. During this time, Raute does not comment on the company's financial situation, markets, outlook, or recent developments.

During the silent period, the company's executives and employees do not meet with representatives of the capital markets or financial media to comment on matters related to the company's financial situation or market or business outlook.

During the silent period, if an event requires immediate disclosure (such as a significant business event), the company will disclose the information without delay in accordance with the regulations and procedures governing the obligation to disclose insider information and may comment on the event when the information is published.

Financial reporting

Raute publishes information about its results and financial position in the financial statement release, interim and half-year reports, and annual report according to a pre-announced schedule. The company publishes an event calendar as a stock exchange release before the start of each financial year, which includes the publication dates of the company's financial reports, the publication week of the company's annual report, and the date of the company's annual general meeting. The event calendar is also published on the company's website.

The company's financial statements include the Report of the Board of Directors, the consolidated and parent company financial statements, and the auditor's report. The sustainability report is provided as part of the Report of the Board of Directors. Additionally, the company publishes a corporate governance statement and a remuneration report in accordance with the corporate governance code.

The company publishes its financial reports and stock exchange and investor releases in Finnish and English, and they are available on the company's investor pages at www.raute.com as soon as possible after their publication and for at least ten years.

Communication with investors, analysts, and media

The company may hold an English-language briefing in Helsinki in connection with the publication of the financial statement release and interim reports, where analysts, investors, and the media can meet the company's CEO and CFO in person. The event can be attended either in person or via a web connection. A recording of the event is available on the company's website as soon as possible after the event.

Raute may, at its discretion, hold capital market meetings and participate in investor meetings and company presentations aimed at institutional and private investors, as well as events aimed at private investors organized by the company or other partners.

An external briefing is held for any corporate or business transaction if the topic is expected to generate sufficient interest.

Principles for investor and analyst communication

Raute ensures that investors have equal and consistent access to sufficient information on matters that are likely to have a material impact on the price of the company's financial instruments.

Raute does not comment on the development of the share price, the actions of competitors or customers, or the forecasts or views of analysts and investment researchers or the level of the consensus forecast, to avoid inadvertently disclosing information or assessments that could affect the price of the company's financial instruments and are not generally available on the market.

Raute ensures that the material used in investor and analyst meetings and results announcement events is as up to date as possible and available to investors on its website, so that investors receive information about the company equally and simultaneously.

All information and discussions provided at investor and analyst meetings and results announcement events are based on information already disclosed by the company or generally available in the market and do not include undisclosed information that could affect the price of the company's financial instruments. Raute does not provide analysts or investment researchers with updated or broader information or views on the company's disclosed information or changes in the operating environment that are not generally known in the market. The company also does not favor individual analysts or investment researchers or distribute analyst reports or investment research on the company.

Possible consensus forecasts and analysts following the company may be presented on the company's website in a neutral manner, clearly indicating that the analyst reports and investment research are not prepared or confirmed by the company.

Releases published by Raute

Raute’s releases are divided into three categories: stock exchange releases, investor news, and press releases. The category of the release is chosen based on the significance and relevance of the information and in accordance with internal guidelines.

Stock exchange releases
Raute discloses all information that must be disclosed as a stock exchange release under applicable regulations and Nasdaq Helsinki Ltd. rules as a stock exchange release.

For example, financial statements, interim reports, key strategic matters, share-based incentive schemes, management and their related parties' notifications of transactions with the company's financial instruments, significant related party transactions, transactions with the company's own shares, and management team appointment news are published as stock exchange releases.

Insider information directly related to the company is published as a stock exchange release. Such information may include, for example, information on a significant corporate or business transaction, joint venture agreement, change in company management, investment or financing arrangement, business restructuring, regulatory decision, crisis situation, and changes in the company's financial and future outlook. The word "Insider Information" is always added to the beginning of the title of a stock exchange release containing insider information.

Raute discloses significant new orders or order combinations considered insider information as a stock exchange release without undue delay latest when the sales contract has become binding on both parties and the order is included in the company's order backlog. In principle, orders whose value exceed 10 percent of Raute's annual net sales according to the last approved financial statements are published as stock exchange release.

At the discretion of the company's management, new orders that are strategically significant openings for new customer groups, markets, or new technology and could have a material impact on the price of the company's financial instruments when disclosed are also published as insider information stock exchange releases.

Investor news and press releases
Raute communicates business-related events that do not meet the requirements for a stock exchange release but are considered newsworthy or of interest to the company's stakeholders through investor news and press releases. Press releases may be used to communicate, for example, small orders, investments, maintenance agreements, and key personnel appointments outside the management team.

Financial Guidance

Raute provides financial guidance for the full year in connection with the financial statement release. The guidance is valid until the end of the financial year unless the statement is changed or updated publicly before then. Changes to the financial guidance are communicated through a stock exchange release. The company's previously disclosed financial guidance may be updated during the financial year in connection with the interim report if the update is not likely to have a material impact on the price of the company's financial instruments. When a change in guidance meets the definition of insider information, the change must be disclosed as a profit warning.

Profit warning

A profit warning is issued as soon as possible if the company assesses that the development of its revenue, profits, or financial position, the forecast for revenue or profits, or any other similar future outlook has materially changed either negatively or positively (positive profit warning) from the published financial guidance. The assessment is based on the company's previously given forecasts, considering the outlook and prevailing market situation. A profit warning is always published as a separate stock exchange release (insider information), and the previous forecast and reasons for the deviation are reiterated in the release. The insider nature of the information must be indicated in the title of the stock exchange release. The disclosure of a profit warning cannot be delayed.

Rumors, market speculations, and leaks

Raute does not comment on market rumors, share price development, competitors' or customers' actions, or analysts' forecasts. If it is evident that a market rumor or estimate is based on clearly incorrect or erroneous information and the company assesses that it has a material impact on the price of the company's financial instruments, the company may correct the information at its discretion to ensure that the price formation of the company's financial instruments is based on as accurate information as possible.

If the company becomes aware of a market rumor related to insider information whose disclosure the company has delayed and the rumor is sufficiently precise to indicate that the confidentiality of the insider information can no longer be guaranteed, the company will disclose the matter as a stock exchange release as soon as possible.

Changes in shareholdings

According to the Securities Markets Act (Chapter 9, Section 5), shareholders of listed companies must notify both the Financial Supervisory Authority and the listed company of changes in their ownership. Changes must be notified with a flagging notification when the share reaches or exceeds or falls below 5, 10, 15, 20, 25, 30, 50, 66.7 (2/3), or 90 percent of the company's voting rights or total number of shares. Raute publishes the information in the flagging notification as a stock exchange release without undue delay after receiving the flagging notification.

Interpretations and deviations

All Raute’s announcements and financial reviews are the property of the company, and ultimately the company always decides on their content. At the same time, the company respects the views of its customers and other business partners regarding the content of the information. This is especially true for announcements about incoming orders, corporate acquisitions, and cooperation agreements.

The CEO is responsible for monitoring and interpreting the company's disclosure policy. The CEO or a person authorized by them provides additional instructions for the practical implementation of the policy. Within the framework of applicable laws and regulations, the CEO has the right to deviate from the disclosure policy in individual cases for compelling reasons.

Communication in exceptional situations

The principles and responsibilities of the company's communication in exceptional and crisis situations are defined in the company's crisis management guidelines. They define the responsibilities and actions of individuals in unexpected situations that may require or obligate the company to communicate about the matter.

Changes and Maintenance

The company's Board of Directors decides on changes to this disclosure policy. However, the CEO has the right to approve minor or technical changes to the disclosure policy.

Download Raute Disclosure Policy