Company
Investors
Raute aims to ensure competitive returns for its investors. From the investor section you find Raute’s financial information as well as information about shares, investor relations, Raute’s governance and Raute as an investment.
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Lines & Machines
Lines
Whether your industry is veneer, plywood or LVL, there is always a "fit-to-your-need" line from Raute's own offering for any and all production processes starting from log handling, running through veneer production to plywood or LVL.
Machines
The core of production lines is made of machines. Many of Raute’s machines can be installed into existing lines as modernizations, also to other brand but Raute lines.
Analyzers
Making the most out of your raw material is made possible by modern analyzing systems. Intelligent analyzers make the right decisions at right time. Raute offers a wide variety of different types of analyzers for veneer, plywood, LVL, and lumber production.
Future-proof your mill.
Raute offers services worldwide to maintain existing veneer, plywood, and LVL production machinery and to improve the production.
The most significant financing risks in the Group’s international business operations are default risks and currency risks related to counterparties. The Group is also exposed to liquidity, refinancing, interest rate and price risks. Termination of many contracts with Russian customers has put pressure on the company’s short-term working capital financing.
The default risk relating to customers’ solvency is managed through payment terms and by covering the unpaid sum with bank guarantees, letters of credit or other suitable securities. The Group’s liquid assets are mainly held in banks in its largest operational countries Finland and Canada. The credit losses recognized during the 2022 financial year amounted to EUR 2 thousand (EUR 0 thousand).
The Group’s main currency is the euro. The most significant currency risks result from the following currencies: Chinese yuan (CNY), Canadian dollar (CAD), and US dollar (USD). The main hedging instruments used are foreign currency forward contracts. Currency clauses are included in quotations to hedge against currency risks during the quotation period.
Depending on the case, currency risks related to preliminary sales contracts are hedged with currency option contracts.
The Group has prepared for fluctuating working capital requirements and possible disturbances in the availability of liquid funds through credit facility agreements with two Nordic banks. On March 6, 2023, the parent company has signed an agreement with their main banks about renewing and replacing their current credit limit agreements and on determining the company’s new credit limits.
The financing risks, as well as the risk management objectives and procedures, are described in more detail on page 50 of the notes to the financial statements.
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