Raute’s year 2024

Strong net sales growth and profitability development

Raute's

Annual Report 2024

We are the global market leader and the only end-to-end partner in veneer, plywood and LVL production technologies. Understanding customers’ needs is at the heart of our operations. We create value by supplying profitable and environmentally sustainable production solutions. With decades long partnerships and a global sales and services network, we innovate for the good of the growing engineered wood products industry. Today, more than half of the LVL manufactured in the world is pressed with machines supplied by Raute.  

In this Annual Report, you’ll find the most relevant information about our operating environment, business operations and strategy. The report also highlights the key points of our corporate responsibility and financial performance in 2024.

EUR 121

million order intake
(2023: EUR 315 million)

EUR 204.6

million net sales
(2023: EUR 145.4 million)

9.7%

Comparable EBITDA margin
(2023: 6.4%)

55.2%

Equity ratio
(2023: 50.2%)

EUR 0.55

per share dividend proposal
(2023: EUR 0.10)

1

mill-sized order

28%

Analyzers’ and Services’ relative
share of net sales

CEO's review

A Year of Execution

2024 was an important year of execution for Raute, as we were able to elevate our performance − both in terms of profitability and operationally − to a new level.

Profitability clearly exceeded our initial estimation thanks to solid project deliveries and improved efficiency, and therefore we raised our financial guidance twice during the year. Net sales also turned out to be higher than we had expected.

I am convinced that we have raised our performance level on a sustained basis, and we will continue the implementation of Raute’s growth strategy with determination in 2025.

Mika Saariaho
President and CEO

Value chain

Sustainability is key in the wood processing value chain

Raute creates value by supplying solutions for the profitable and environmentally sustainable production of wood products.

Read more about Raute’s role in
the wood processing value chain here.

We are the partner to future-proof the wood industry

We provide technology, analyzers, and services to transform wood into modern engineered wood products – veneer, plywood and LVL – that people can trust. We also actively leverage our capabilities in other new engineered wood product segments such as solid wood production. Data-led and digitalized production is at the core of our operations.

Wotan Forest

In 2024, Wotan Forest, Czechia, and Raute recognized the opportunity to further improve material recovery and enhance production volume. This led to the decision to adopt a performance-based service agreement, specifically designed to maximize the equipment’s potential and optimize ongoing support for continuous performance improvement, leveraging integrated MillSIGHTS data analysis to achieve these goals.

Paged

Opting for Raute, a renowned leader in the field, signifies a move towards conforming to international standards, a critical aspect for our ongoing growth.

Arkadiusz Swider, Chairman of the board and CEO of Paged Estonia

Pfeifer Group

In line with Raute’s strategy, the company made its very first delivery of an automated repair line for solid wood panels to Pfeifer, Austria, in the spring of 2024. For Raute, the project was a strategical gradual expansion toward massive wood industry utilizing its core technologies including analyzers and machine vision technology

Coastland

 

The new dryer drying basically twice as much as my largest other dryer does with limited extra people is allowing us to bring our unit costs down. 

Brad King, Mill Manager, Annacis Division, Coastland.

Employees’ voice and modern work

At Raute, we foster an inclusive and engaging workplace in which all Rauteans are respected. Reflecting our refreshed values, it is important that everyone can express their own voice and has a feeling of being listened to. Employees’ feedback and ideas are valuable for developing Raute’s culture and ways
of working.

I believe Raute offers many opportunities, and no two days are similar. People are given a chance to test their limits, and if you have the motivation, you can do a lot of different tasks. You can never be so acquainted with these machines that you would not be able to learn something new every day. There is room for personal growth and development.

Jutta Touru, Mechanic and Line Supervisor

 

Our people are important as this is not a one-man show, it’s teamwork. Many of my local colleagues have worked here for a long time, and I think they are now seeing a big change after they became part of Raute. Someone is taking care of them and developing their skills.

Kaupo Mäesalu, Project and Maintenance Manager

Raute’s values are important to me as they are also my own values, and I share them with the company. To keep customers happy, we need to be able to communicate with customers what they really want. Both promoting development and keeping improving yourself are very important. I am also happy about the sustainability aspect of the values, as the company cares about the planet in that sense.

Nechir Salimi, Software Developer