Raute Corporation postpones the publication of its half-year report for 2023 – the new publication date is 25 August 2023
Raute Corporation, Stock Exchange Release, 30 June 2023 at 9:30 EEST
Raute Corporation postpones the publication of its half-year report for 2023 – the new publication date is 25 August 2023
Raute Corporation postpones the publication of its half-year report for 2023 from the previously announced date of 27 July 2023. The new publication date is Friday 25 August 2023, and the report will be published at approximately 8:30 o’clock.
The postponement is due to the ongoing implementation of the renewed ERP-system at Raute Corporation’s main unit in Nastola during the second quarter of 2023. As anticipated in the Q1/2023 interim report, we have experienced inefficiencies and minor disturbances on business operations during the go-live phase. To ensure the correctness of our half-year report 2023, we want to reserve more time for the reporting process. We believe that our new ERP-system will bring clear process and efficiency improvements when the learning curve settles.
FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 1549393
DISTRIBUTION:
Nasdaq Helsinki Ltd, principal media, www.raute.com
RAUTE IN BRIEF - MAKING WOOD MATTER
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.