Raute Corporation to withdraw its financial guidance for 2022
RAUTE CORPORATION INSIDE INFORMATION 2 MARCH 2022 at 3:15 p.m.RAUTE CORPORATION TO WITHDRAW ITS FINANCIAL GUIDANCE FOR 2022 The sanctions and financial transaction restrictions resulting from Russia’s military actions in Ukraine are causing significant uncertainty in Raute’s business operations in Russia. As reported earlier, Raute’s order book at the beginning of 2022 was EUR 158 million and the order intake for 2021 was EUR 203 million. Of the new orders received in 2021, 39% came from Russia. Raute Corporation’s Board of Directors has decided to withdraw the 2022 financial