Financial targets

Raute is renewing its strategy. The new strategy, including e.g. new mission, value proposition and long term strategic goals will be announced during the first half of 2023.

Raute's strategic goals are to improve our profitability and maintain it at a good level, to have the ability to adjust to variations in economic cycles, and controlled growth. Our financial goal is to grow faster than the markets, remain financially sound and offer our investors competitive returns.

As the actualization of our goals is strongly tied to the development of the global economy as well as the timing of our customers' individual investments, we do not disclose time-bound target values for our financial goals.

Long term strategic goals*

Key actions in achieving these goals 2022

 

Grow faster than the market

 

  • Increasing interest for the R3-Series globally, including
    established countries
    – Order of 40 Veneer Patcher R3 machines received
    from Indonesia
    – Miraluz to be the first in Brazil to utilize one-sided
    gluing with Raute Plywood Lay-up Line R3
    – PT Sumber Graha Sejahtera in Indonesia invests in
    R3-Series technology
    – Koskisen to increase raw material utilization with
    the new Raute Veneer Peeling Line R3 in Finland
  • The first Raute Green Veneer Composing Line R7 sold
    to Tolko Industries Ltd. in Canada
  • Growing demand for services among Raute’s customers
    – Delivery of a significant modernization package to
    Stiga RM in Latvia
  • Renewal of services offering to match customers’
    evolving needs even better
  • Two new Service Centers opened in Indonesia and Italy
    to be close to customers
  • Continued investments in product development,
    digitalization, and marketing
  • Launch of the new organization structure to strengthen
    our ability to service customers and streamline our
    internal operations.

Improve profitability**

 

  • Developing internal processes and the way of working
    e.g. with the help of a major process and IT system
    development project
  • Active pricing management to mitigate rapid cost
    inflation related to raw materials, components, and
    freight
  • Launch of a competitiveness and profitability program
    to achieve 4–5 MEUR savings
    – Change negotiations to adapt the company’s
    operations to the new market environment.

Maintain strong balance sheet**

  • Equity ratio 36.6% (44.3)
 

Competitive returns to investors

  • The Board of Directors proposes to the Annual General Meeting that no dividend be paid for financial year 2022.
 

* Raute is renewing its strategy. The new strategy, including e.g. new mission, value proposition and long term strategic goals will be announced during the first half of 2023.
** Performance impacted by controlled wind-down of Russian operations.