How we created value in forest assets in 2022
Annual Report 2022
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 2022.
Showing the way and driving change
Year 2022 will be remembered as the year when Russia attacked Ukraine, causing severe negative consequences to the world economy. When the war began in February, over half of our order book for 2022 consisted of projects in Russia. Since the end of February, we have not made any new agreements with Russian operators and our Russian business is being gradually scaled down.
While we were winding down our Russian operations, our businesses in North America, Latin America and EMEA were performing very well, helping to mitigate the impact of lost Russian business. This is an important proof of our agility and capability to adjust our business to cope even with such a dramatic change in our business environment. In addition, I’m very proud of the strong development of our technology services sales.
I want to express my appreciation for the dedication and hard work of all Rauteans during these most exceptional of times. I also want to thank our customers and shareholders for the great collaboration during this challenging year. I’m confident that together we can make the year 2023 a good year for us all.
Mika Saariaho
President and CEO
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.
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