FINLAND - Raute, the foremost producer of veneer, plywood, and LVL manufacturing technologies, reported order intake of EUR 112 million during the second quarter.

The highest ever quarterly order intake in Raute's history. Order intake was supported by a plywood mill order from Latvijas Finieris and an LVL-mill order from French company Thebault.

These orders are good examples of Raute's strong position in the complete mill-sized solutions. Demand for Analyzer solutions has also remained at a good level. However, increased market uncertainty has impacted the customer demand for single production lines, and demand for spare parts.

Following the strong order intake during the first half of the year, the order book ended at a record high level of EUR 202 million at the end of Q2.

Second quarter net sales were EUR 29.3 million, showing 1% reduction against comparison period. Analyzers sales increased strongly by 70%, Wood Processing sales were at last year level and Services sales declined 30% against the comparison period.

Sales in both Wood Processing and Services were negatively impacted by the lower activity level in production and partly also by the inefficiencies caused by the ERP implementation in the main unit in Nastola.

Raute completed all the remaining equipment deliveries to Russian customers and have recognized EUR 3.8 million of sales in Q2 related to orders received before the war in Ukraine. The target is to finalize exit from Russia as soon as possible.