Annual Report 2020

How we created value in forest assets in 2020


Annual Report 2020

Raute is a global market leader supplying technology for the plywood and LVL industries. We create value to our customers by developing profitable, resource-efficient and digital production solutions that create value across their production lifecycle and evolving needs.

In this Annual Report, you will 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 2020.

EUR 115

million net sales
(2019: EUR 151 million)

EUR -1.9

million operating profit
(2019: EUR 8.5 million)

EUR 0.80

per share dividend proposal
(2019: EUR 1.45)




lines under Maintenance
Service Agreements


CEO's review

Systematic execution of strategy despite challenging market conditions

The year 2020 will be remembered as the year of the COVID-19 pandemic and its dramatic impact on people’s lives and the global economy. When the pandemic began, the first reaction from many of our customers was to put everything on hold. To adapt our operations to the declined order book and the impact of operational restrictions such as travel bans, we had to adapt our operations in Finland.

Thankfully, the year 2020 was not only doom and gloom. Despite the challenges caused by the coronavirus, we succeeded in executing our strategy, albeit at a slightly slower pace than planned in the beginning of the year.

All of us had to be flexible and work under rapidly changing and challenging conditions. We succeeded in it, thanks to our commitment and hard work. I am convinced that when the “new normal” eventually begins, Raute is in a good position to take an advantage of the opportunities that lie ahead.

Tapani Kiiski
President and CEO

Value chain

The wood processing value chain is changing

Raute adds value to its customers' business 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.



A global market leader in the plywood and LVL production technologies

Raute is the only company in the world to provide solutions covering the entire production process of plywood, LVL (Laminated Veneer Lumber) and veneer. By utilizing the latest digital innovations, we provide production solutions that maximize yield and optimize the use of by-products.

Raute’s experience and the company’s local presence and service network in the Russian market were the main reasons why we chose Raute as our supplier.”

Ilya Korotkov, General Director of AO CHFMK, one of the owners of LLC Plitwood.

“Raute has been a very good partner for our business for many years with several successful projects that have been installed.”

Steven Henson, Complex Manager of PotlatchDeltic in St. Maries, Idaho.

Hard-working and committed personnel is the key to our success

Despite the challenges set ahead of us by the global pandemic, the personnel at Raute has shown outstanding flexibility and determination.

"Everyone is very proud of the work we do here, and it is inspiring to be working with so many innovative thinkers."

Yang Kuusisto, Sales Engineer, Basic Services

"There is a lot to learn and a lot of expertise available, if one is willing to seek it."

Petri Sihvonen, Plywood Production Expert