Raute's Financial statements, Corporate Governance Statement and Remuneration report for 2021 published

RAUTE CORPORATION STOCK EXCHANGE RELEASE 18 FEBRUARY 2022 at 4:00 p.m.

RAUTE’S FINANCIAL STATEMENTS, CORPORATE GOVERNANCE STATEMENT AND REMUNERATION REPORT FOR 2021 PUBLISHED

Raute Corporation’s audited Consolidated financial statements, Corporate Governance Statement and Remuneration report for 2021 have been published today. The reports are available both in Finnish and English.

Raute publishes its financial statements in XHTML format in Finnish in accordance with the European Single Electronic Format (ESEF) reporting requirements. In line with the ESEF requirements, the primary financial statements have been labelled with XBRL tags assured by the audit firm PricewaterhouseCoopers Oy.

The reports are attached to this release as pdf files and are also available on the company’s website at www.raute.com > Investors > Result Center.

RAUTE CORPORATION
Tarja Järvinen
Executive Vice President, CFO

FURTHER INFORMATION:
Ms. Tarja Järvinen, Executive Vice President, CFO, tel. +358 40 658 3562

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:

Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, the Shanghai/Changzhou area of China and in Pullman, Washington, USA. Raute’s net sales in 2021 were EUR 142.2 million. The Group’s headcount at the end of 2021 was 802. More information about the company can be found at www.raute.com.