Damage or loss

Other risks of injury include occupational safety risks, which are managed through active, risk-preventing activities, such as continuous training of personnel and by investigating all near misses. Occupational safety and ergonomics are areas of continuous development.

Raute’s most significant individual property and business interruption risks are fire, serious machine breakdown, and information system breakdown or disruption in the main production unit in Lahti, where the entire Group’s key technology production, design, financial and ERP systems are centralized. Preparations have been made for these with backup systems and insurance, for example, but despite preparedness, the realization of such a risk in a serious way could cause significant harm to operations.

Raute is implementing a company-wide ERP system renewal, which will have a direct impact on Raute’s day-to-day operations and financial control. The ERP system has been introduced in Finland. The global rollout is planned to continue during 2025. Delays in the implementation of the system or possible challenges in transferring data to the new ERP system could cause significant cost overruns in the implementation of the ERP system and disruptions in customer deliveries, which would also have a negative impact on customer relationships.

Raute’s production operations do not have any significant direct environmental impacts. The main production unit in Lahti is located in a groundwater area. A chemical or fuel leak in a groundwater area can cause environmental damage, financial costs and disruption to the company’s production operations. The main units in Lahti have an ISO-certified environmental management system, and special attention has been paid to chemical safety. The principles of the environmental management system are also complied with in other locations, where applicable.