Financial information

CEO's comments on the Business Review January–March 2026, published May 7, 2026

Operational performance continued strong, but market uncertainty did not ease

In the first quarter of 2026, Raute continued its disciplined operational execution and delivered solid profitability despite a very challenging market environment. Global economic and geopolitical uncertainty further intensified during the quarter, leading to continued postponement of customers’ investment decisions and delaying the recovery of Raute’s order intake.

Raute’s order intake for the quarter amounted to EUR 17 (15) million, while net sales were EUR 33.5 (51.9) million. Net sales declined across all business units, primarily reflecting the low order intake in 2025 as well as reduced activity levels in our customers’ operations.

Comparable EBITDA decreased from a record‑high comparison period and amounted to EUR 4.2 (7.4) million, corresponding to 12.6% of net sales. Profitability in the Wood Processing business unit remained at an exceptionally strong level, supported in part by the reversal of certain project‑related cost provisions. In contrast, profitability in Services and Analyzers did not fully meet our expectations, as lower sales volumes negatively affected performance.

Despite the heightened uncertainty in the global economy, Raute remains firmly committed to its strategic priorities. These include growing our modernization business, developing new performance‑ and subscription‑based business models, capturing opportunities enabled by artificial intelligence, and further strengthening our local presence and capabilities in Services.

Given the exceptionally volatile market conditions, the timing of a sustained recovery in our customers’ investment activity remains difficult to predict. Reflecting on the cyclical nature of our project‑based business and the inherent quarterly volatility of order intake, we continue to focus on proactive margin management and disciplined execution across varying market conditions.

Mika Saariaho
President and CEO