Raute’s year 2021

How we created value in forest assets in 2021


Annual Report 2021

We are a global community of wood enthusiasts innovating veneer, plywood and LVL production. Understanding customers’ needs is at the heart of our operations. With decades long partnerships and a global sales and services network, we apply best practices and innovate for the good of the growing plywood and LVL 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 2021.

EUR 142

million net sales
(2020: EUR 115 million)

EUR -2.2

million operating profit
(2020: EUR -2.8 million)

EUR 0.80

per share dividend proposal
(2020: EUR 0.80)




lines under Maintenance


CEO's review

Good market situation especially in the developed markets

The global COVID-19 pandemic had an impact on our operations also in 2021 – and it will continue so in 2022 as well. However, compared to the previous year, the market situation improved in several markets. This applies, in particular, to our traditional, industrialized and developed markets in Europe, North America and especially Russia. However, in the emerging markets and especially in China, the pandemic-related restrictions are still limiting the progress of our customers’ projects and impacting our business.

One of the clear highlights of 2021 was our record-high number of new orders, totaling EUR 203 million, and the consequent order book of EUR 158 million at the year-end – also a record high.

I want to express my sincere thanks to our customers for their continued cooperation with us, to our shareholders for their trust in Raute’s business and especially to our personnel for their hard work and commitment during these exceptional times.

When markets recover from the pandemic, Raute is in a good position and geared for growth.

Tapani Kiiski
President and CEO 

Value chain

Sustainability is key in the wood processing value chain

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 veneer, plywood and LVL production technologies

Raute is the only company in the world to provide solutions covering the entire production process of veneer, plywood and LVL (Laminated Veneer Lumber). We actively seize digital opportunities and innovate production solutions that maximize yield and optimize the use of by-products.

“Wood building is booming in Europe, and we want to be on top of this sustainable future. For us, Raute was a natural choice as they have a lot of experience and good reference base when it comes to LVL technology.”

Mindaugas Kozinecas, Production Development Director of VMG Group

“One of the main reasons why we selected Raute as our partner was their ability to provide us with a broad range of technically advanced machinery and supporting services to cover all our needs.”

Doug Pauze, President at Coastland

Dedicated personnel is our greatest asset

In 2021, one of our HR focal points was developing Raute’s image as an attractive employer.

”We at Hiottu have learned a lot working in Raute’s projects.”

Mikko Eirola, Project Manager at Hiottu Oy

”The reason I have stayed at Raute for so many years traces back to the company’s core values and how everyone works together to achieve our goals.” 

Jukka Makkonen, Business Controller Grow & Services

”To make remote working a success, it's paramount to trust people.”

– Tarja Järvinen, Executive Vice President, CFO