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Raute significantly increase sales and earnings in 2018

16.01.2019 − 

According to the preliminary figures available to date, the Finnish machinery and plant manufacturer Raute generated sales of €181m in the 2018 financial year. The previous year's level of €148 million was thus significantly exceeded by 22%. According to an announcement published yesterday, the operating result increased even more by 28% to € 14.9m. At €95 m, the order backlog at the end of December was below the prior-year figure of €110 m.

According to Raute, sales and operating profit developed even better than expected. The original forecast for 2018 was adjusted in mid-September. When the business figures for 2017 were presented, Raute had expected both figures to be at the previous year's level. This forecast was subsequently confirmed when the figures for the first and second quarters were published. In mid-September, Raute then revised its forecasts upwards. As the high order backlog at the beginning of the year could be processed more quickly than originally expected, Raute assumed at the time that both sales and operating profit would exceed the previous year's figures.

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