Raute's profit outlook for 2020 weakened
RAUTE CORPORATION INSIDE INFORMATION APRIL 24, 2020 at 9:30 a.m.RAUTE'S PROFIT OUTLOOK FOR 2020 WEAKENED Raute's profit outlook for 2020 has weakened. Net sales are estimated to decline from 2019 and operating profit is estimated to weaken clearly from the year 2019. Previously the company has estimated net sales for 2020 to remain at the same level as in 2019 and operating profit to weaken compared to 2019. In 2019, the Group's net sales were EUR 151.3 million and the operating profit was EUR 8.5 million. Raute's weakened net sales and profit outlook is due to the impacts of the