Raute’s year 2022

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.

EUR 158

million net sales
(2021: EUR 142 million)

EUR -14.6

million operating profit
(2021: EUR -2.2 million)

EUR 0.00

per share dividend proposal
(2021: EUR 0.00)




modernizations completed
in 2022



CEO's review

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

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.

“Raute is a famous brand in the wood industry, and one of the companies in the SFC Group had already used Raute’s machines for many years. Raute was able to fulfill our requirements and support us when we began using more plantation wood and improve our processes.”

– Mr. Angga, Engineering Manager at PT KTI

“Thanks to this modernization, we can improve the capacity and quality of our birch plywood production. Raute has been our trusted partner for many years, so we were happy to continue our good cooperation with this important modernization project.”

– Andris Ramoliņš, CEO of Stiga RM

“We chose Raute, because they have a history with Tolko based on reliability, knowledge, and professionalism. Raute was the best fit for us, knowing that we would have the support we needed to ensure that this project and the products that we use work how we need them to work.”

-Gaileen Galuska, Green End Superintendent, Tolko Industries

Investing in future talents

Attracting new talent and developing our employer image are some of the core elements of our HR strategy.

“Raute has a great way of making your work multidisciplinary and interesting, and I’m sure that’s one of the key reasons why people have such long careers here.”

Hanna Mäkinen, Product Manager, Veneer patching

“The people and culture at the Raute Canada office made me want to work here.”

Spencer Pringle, Key Account/Sales Manager, Canada & Pacific Northwest