Outlook
Financial guidance for 2023
Outlook 2023
October 26, 2023
Guidance statement for 2023 (updated on October 19, 2023)
Raute’s 2023 net sales are expected to be in the range of EUR 140−150 million and comparable EBITDA margin to be above 6%.
Previous guidance
Raute’s 2023 net sales are expected to be above EUR 150 million and comparable EBITDA margin to be above 4%.
October 19, 2023
Raute updates its guidance regarding net sales and profitability.
New guidance for 2023:
Raute’s 2023 net sales are expected to be in the range of EUR 140–150 million and Comparable EBITDA margin to be above 6%.
Previous guidance for 2023: (published on April 25, 2023, reiterated on August 25, 2023):
Raute’s 2023 net sales are expected to be above EUR 150 million and Comparable EBITDA margin to be above 4%.
Rationale for the new guidance:
Raute's profit improvement program has progressed well, and comparable EBITDA has developed positively during 2023. The high order backlog also supports business development.
Raute's net sales have developed somewhat slower than the company has expected. As the structure of the order backlog is weighted towards mill-sized delivery projects, revenue recognition takes place later than in equipment deliveries and service business. The implementation of the ERP system has also caused slowness, but the learning curve is constantly improving.
August 25, 2023
Raute’s 2023 net sales are expected to be above EUR 150 million and Comparable EBITDA margin to be above 4%.
April 28, 2023
Raute’s 2023 net sales are expected to be above EUR 150 million and Comparable EBITDA margin to be above 4%.
April 25, 2023
Following the positive development of order intake related to new mill-size delivery contracts in 2023, Raute Corporation (“Raute”) increases its net sales guidance for year 2023.
The new guidance is:
Raute’s 2023 net sales are expected to be above EUR 150 million and Comparable EBITDA margin to be above 4%
The earlier guidance given on February 14, 2023 was:
Raute’s 2023 net sales are expected to be above EUR 130 million and Comparable EBITDA margin to be above 4%