Raute reports solid Q2//2024 results

Raute Corporation reported solid financial progress in the first half of 2024, achieving its highest-ever quarterly net sales and showing positive developments in profitability. According to the company’s President and CEO, Mika Saariaho, this performance indicates steady progress toward Raute's long-term financial objectives. On June 19, 2024, Raute updated its financial guidance for the year, now projecting net sales between EUR 185–210 million and a comparable EBITDA of EUR 13–17 million. This revision was attributed to a strong order backlog that has supported business development, despite challenging market conditions. The company’s project ...