Outlook
Financial guidance for 2022 withdrawn on March 2, 2022
Outlook 2022
April 29, 2022
Raute Corporation’s Board of Directors withdrew its earnings guidance on March 2, 2022. Due to the uncertain situation, the Board of Directors will not present new guidance for 2022.
March 2, 2022
Raute Corporation’s Board of Directors has decided to withdraw the 2022 financial guidance released on February 11, 2022. Due to the uncertain situation, the Board of Directors will not present new guidance for 2022 at the present time.
The earlier financial guidance, published in the financial statements release on February 11, 2022: “Raute’s net sales are expected to grow in 2022 and operating profit to improve from 2021.”
Due to the strong order book, active demand and further alleviated impacts of the coronavirus pandemic, Raute’s 2022 net sales are expected to grow and operating profit is expected to improve from 2021.
Due to the strong order book, active demand and further alleviated impacts of the coronavirus pandemic, Raute’s 2022 net sales are expected to grow and operating profit is expected to improve from 2021.
Due to the strong order book, active demand and further alleviated impacts of the coronavirus pandemic, we expect Raute’s net sales to increase in 2021 compared to the level of the previous year. We expect the operating profit to improve on the previous year.
Due to the strong order book, active demand and presumed alleviated impacts of the coronavirus pandemic, we expect Raute’s net sales to increase in 2021 compared to the level of the previous year. We expect the operating result to improve on the previous year mostly due to growth in net sales.
Due to the strong order book and presumed alleviated impacts of the pandemic, we expect that Raute’s net sales will increase in 2021 compared to the level of the previous year. We expect the operating result to improve on the previous year mostly due to growth in net sales.
Due to the strong order book and presumed alleviated impacts of the Covid-19 pandemic, we expect that Raute’s net sales will increase in 2021 compared to the level of the previous year. We expect the operating result to improve from the previous year due to growth in net sales.
Outlook 2020
Profit warning: Raute Corporation's net sales will decrease clearly from the year 2019
According to the preliminary, unaudited information Raute's net sales outlook for 2020 has weakened. Raute Group’s net sales for 2020 will decrease clearly from 2019. According to the preliminary information, Raute’s net sales for 2020 will be approximately EUR 115 million (2019: EUR 151.3 million). Previously the company has estimated net sales for 2020 to decrease compared to 2019. As previously estimated, operating profit will weaken clearly compared to 2019.
Regardless of the strong order book, we forecast that Raute's net sales will fall in 2020 from the previous year's level as a result of uncertainty in demand and the order intake for the remainder of the year. We expect the operating profit to clearly weaken from last year, as disclosed earlier, due to a shift in the markets and the costs for adapting to this, and due to investments in marketing, product development and digitalization and falling net sales.
On October 16, 2020 Raute announced a major order worth EUR 55 million to Russia. The received order will not have an effect on Raute's profit outlook for 2020, but it will improve and strengthen the 2021 outlook.
Regardless of the strong order book, we forecast that Raute's net sales will fall in 2020 from the previous year's level as a result of uncertainty in demand and the order intake for the remainder of the year. We expect the operating profit to clearly weaken from last year, as disclosed earlier, due to a shift in the markets and the costs for adapting to this, and due to investments in marketing, product development and digitalization and falling net sales.
Regardless of the high order book and moderately good volume of order intake in Q1, we forecast that Raute's net sales will decline in 2020 from the previous year's level as a result of uncertainty in demand and the order intake for the rest of the year. We expect the operating profit to clearly weaken from last year, as disclosed earlier, due to a shift in the markets and the costs for adapting to this, and due to investments in marketing, product development and digitalization and falling net sales.
Raute's profit outlook for 2020 weakened
Raute's profit outlook for 2020 has weakened. Net sales are estimated to decline from 2019 and operating profit is estimated to weaken clearly from the year 2019. Previously the company has estimated net sales for 2020 to remain at the same level as in 2019 and operating profit to weaken compared to 2019. In 2019, the Group's net sales were EUR 151.3 million and the operating profit was EUR 8.5 million
Outlook for 2020
Due to the high order book and relatively good demand, we estimate that Raute's net sales in 2020 will remain at the level of the preceding year. We expect the operating profit to weaken from last year due to shifting markets and the costs related to adapting to these and due to investments in marketing, product development and digitalization.