Financial information

In 2025, Raute continued strong operational execution, driven by efficiency improvements, supply chain optimizations and focus on safety. Thanks to the daily efforts of our committed team, disciplined project delivery and continuous improvements in our ways of working, we achieved a strong financial result despite the decrease in net sales.

For the full year, net sales amounted to EUR 175.5 million (204.6) and comparable EBITDA to EUR 26.1 million (19.8), representing a margin of 14.9%. As net sales decreased rather evenly across business units, the profitability improvement was mainly driven by the strong delivery of Wood Processing. For Services and Analyzers, full-year comparable EBITDA remained relatively stable despite the challenging market environment. Overall, protecting our margins required also continuous capacity adjustments throughout the year, leading to temporary layoffs in various parts of the organization.

In the fourth quarter, Raute’s net sales amounted to EUR 36.2 million, showing a decrease of 35.9% from the comparison period. Net sales were affected by the low order intake especially during the first half of the year. Our strong performance in project delivery was evident during the fourth quarter, as our comparable EBITDA increased to EUR 5.7 million despite the decrease in net sales, representing a margin of 15.8%. This is an exceptional level, which is partly explained by the reversal of certain project-related cost provisions at the end of the year following stringent project cost management. In the long term, our financial target is to maintain a comparable EBITDA margin of 12% on average over cycle.

During the year, we reviewed our existing strategy and set clarified priorities for the remainder of the strategy period. New priorities include growing the modernization business, new performance and subscription-based business models, capturing opportunities provided by artificial intelligence and expanding our local presence and capabilities in Services. Our systematic work to strengthen Raute’s safety culture continues both in our own operations and in the solutions delivered to customers, driven by increased automation and the removal of manual work steps where possible.

In addition, we sharpened our geographical priorities, placing greater emphasis on markets with demand and growth potential for our most sophisticated high-tech solutions. In line with this objective, Raute decided to close its production facility in Changzhou, China. These strategic adjustments enable us to support our customers more comprehensively and provide the foundation for growth in both existing and new markets.

Entering into 2026, we believe the market has already passed its lowest point, although volatility is likely to persist. Given the inherently cyclical nature of our project-based business, we remain focused on proactively managing margins across varying market conditions. We aim to further increase the role of Analyzers and Services in order to reduce volatility in our own operations and financial performance. Across business units, we want to remain flexible, and customer driven, offering multiple ways to engage with Raute – whether through traditional equipment deliveries or through new, performance and subscription-based solutions.

Mika Saariaho
President and CEO