Raute Corporation - Interim Report January 1 - March 31, 2020

RAUTE CORPORATION INTERIM REPORT APRIL 29, 2020 AT 9:00 a.m. 

RAUTE CORPORATION - INTERIM REPORT JANUARY 1–MARCH 31, 2020

This is a summary of Raute’s Interim financial report January 1 – March 31, 2020. The complete report is attached to this release as a pdf file and is also available on the company’s’ website at www.raute.com.

- The Group’s first-quarter net sales, EUR 23.8 million (MEUR 41.3), declined 42.4% on the comparison period.
- Operating result, EUR-3.0 million (MEUR 2.6), declined 215%. The result before taxes was EUR -2.9 million (MEUR 2.7).
- Earnings per share were EUR -0.52 (EUR 0.50), and diluted earnings per share were EUR -0.52 (EUR 0.50). 
- Order intake, at EUR 25 million (MEUR 32), was satisfactory. The order book at the end of the reporting period stood at EUR 92 million (MEUR 84).
- On April 24, 2020, Raute changed its guidance for 2020. Raute’s net sales for 2020 are expected to decrease compared to 2019 and operating profit is expected to weaken clearly year-on-year.
 

KEY FIGURES	1.1.-31.3.2020	1.1.-31.3.2019	1.1.-31.12.2019
Net sales, MEUR	23,8	41,3	151,3
Change in net sales, %	-42,4	17,1	-16,4
Exported portion of net sales, %	95,2	88,1	88,3
Operating profit, MEUR	-3,0	2,6	8,5
Operating profit, % of net sales	-12,6	6,3	5,6
Profit before taxes, MEUR	-2,9	2,7	9,3
Profit before taxes, % of net sales	-12,1	6,6	6,1
Profit for the period, MEUR	-2,2	2,1	7,7
Profit for the period, % of net sales	-9,4	5,2	5,1
Gross capital expenditure, MEUR	0,9	0,6	3,0
% of net sales	3,9	1,4	2,0
Research and development costs, MEUR	1,4	1,0	4,4
% of net sales	5,9	2,4	2,9
Order book, MEUR	92	84	88
Order intake, MEUR	25	32	148
Personnel, at the end of the period	767	776	778
Personnel, effective, on average	754	754	761
Personnel, on average	776	774	784

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