contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


raute-earnings-stay-high-multiples-low-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Raute operates in the industrial sector. The company is particularly specialized in the forest industry, where they offer machinery and equipment adapted to the production process, with the greatest focus on plywood and laminate. In addition, the company provides spare parts, maintenance and modernization of equipment. Operations are held on a global level with the greatest presence in Europe, North America and Asia. The company's headquarters are located in Nastola.

Antti Viljakainen has made a new company report on Raute after Q3.  We reiterate our Add recommendation for Raute and our target price of 17.00 euros. Raute’s Q3 report somewhat alleviated concerns about the future, especially thanks to a good order flow given the circumstances, but we did not make significant forecast changes after the report. In our opinion, Raute’s valuation is inexpensive when viewed across all key valuation metrics, even if earnings are expected to decrease next year. Thus, we see the stock’s expected return, formed by valuation upside and dividend, as higher than the required rate of return. Excerpt from the report: Raute’s balance sheet remains very strong, and as for cash flow, the worst is likely already behind us Raute’s equity ratio was at a solid 65% at the end of Q3 (cf. target over 40%). The net gearing ratio was clearly negative, at -50%, similar to the comparison period. In Q3, Raute’s operating cash flow was a negative EUR 19 million for the nine-month period, as advances significantly decreased due to project progress and weak order flow. However, Q3 was marginally positive in terms of cash flow, which was even better than expected relative to our full-year forecast. In our assessment, the company’s working capital levels normalized during Q3, as working capital turned positive for the first time in a while. However, a clear turn for the better would require the equipment project business to continue picking up during the winter, which would especially bring new advance payments to the balance sheet.                   Inderes              Raute Q3'25: Raportti hälvensi hieman huolta huomisesta - Inderes    Toistamme Rauten lisää-suosituksemme ja 17,00 euron tavoitehintamme. Rauten Q3-raportti hälvensi etenkin olosuhteisiin nähden hyvän tilausvirran ansiosta huomiseen liittyviä huolia hieman, mutta emme tehneet raportin jälkeen oleellisia...

Viljakainen interviewed Raute’s CEO Mika Saariaho after the Q3 earnings release.                    Inderes              Raute Q3'25: Vahvaa kannattavuuskehitystä - Inderes    Aika: 30.10.2025 klo 15.35 Raute ylitti tulosennusteet Q3:lla selvällä marginaalilla, mikä oli etenkin laiteyksikkö Wood Processingissa saavutetun vahvan kannattavuuden ansiota. Lisäksi yhtiö kommentoi kysynnän piristyneen alkuvuoden syväjäästä, ja...                             Topics: 00:00 Introduction  00:08 Third quarter development  01:15 Strong profitability in Wood Processing  02:42 Service development  04:21 Does Q3 order intake indicate improving demand?  05:30 Positive outlook for next year  06:39 What does the sales pipeline look like for large projects?  08:55 Competition and pricing situation  09:41 Have any deals been lost?  10:20 Raute’s market share  11:03 Current strategy  12:41 Drivers behind the guidance

Here are Antti’s quick comments on the results.  Raute published its Q3 report this morning. The company exceeded our earnings estimates by a rather clear margin, which was mainly due to the strong profitability achieved in the Wood Processing equipment unit. Orders also clearly exceeded our forecasts, and demand comments had a more positive tone, but the order book, which has been declining for some time, is causing cost-saving pressures for the company next year. Raute naturally reiterated its fresh full-year guidance. On first impression, the overall picture of the report is positive in our opinion, although it is unlikely to give cause for a major forecast overhaul.                   Inderes              Raute Q3’25 -pikakommentti: Ennusteet ylittyivät sekä tuloksen että tilausten...    Raute julkisti Q3-raporttinsa tänään aamulla. Yhtiö ylitti tulosennusteemme melko selvällä marginaalilla, mikä oli etenkin laiteyksikkö Wood Processingissa saavutetun vahvan kannattavuuden ansiota. Myös tilaukset ylittivät varsin selvästi...

Raute is also initiating change negotiations regarding possible temporary layoffs, with no dismissals in sight.                   Inderes              Raute Oyj: Raute aloittaa muutosneuvottelut mahdollisista tilapäisistä ja...    Raute Oyj, Lehdistötiedote 30.10.2025 kello 08.10Raute aloittaa muutosneuvottelut mahdollisista tilapäisistä ja toistaiseksi voimassa olevista lomautuksista Raute Oyj aloittaa muutosneuvottelut...

Raute Oyj’s Business Review 1.1.-30.9.2025: Strong Profitability and Increased Order Intake Q3 2025 | Kauppalehti  July-September 2025 in brief   New orders totaled 38 MEUR (15)   Order book at the end of the review period was 108 MEUR (188)   Net sales were 43.7 MEUR (46.4)   Comparable EBITDA was 6.5 MEUR (6.3) and 15.0% (13.5) of net sales   Comparable operating profit was 5.4 MEUR (4.9)   Operating profit was 5.1 MEUR (4.8)   Comparable earnings per share were 0.69 euros (0.74)   Earnings per share were 0.65 euros (0.73)   Equity ratio at the end of the review period was 64.9% (54.3)   January-September 2025 in brief   New orders totaled 66 MEUR (72)   Net sales were 139.3 MEUR (148.1)   Comparable EBITDA was 20.4 MEUR (14.7) and 14.6% (9.9) of net sales   Comparable operating profit was 16.2 MEUR (10.6)   Items affecting comparability amounted to 3.4 million euros, of which items affecting EBITDA were -2.4 million euros and impairments affecting operating profit were 1.0 million euros. These were mainly related to the closure of the China factory.   Operating profit was 12.9 MEUR (10.2)   Comparable earnings per share were 2.08 euros (1.53)   Earnings per share were 1.53 euros (1.48)

Antti has had time to write a report after the profit warning.  We reiterate our target price of 17.00 euros and our Add recommendation for Raute, which issued a profit warning yesterday. Raute’s revenue guidance decreased, but this was due to a shift in the timing of project deliveries, and the company also confirmed that its order flow had recovered from the low H1 levels in Q3. We did not make any changes to our forecasts. In our opinion, the stock’s valuation is still quite moderate (2026e: EV/EBIT 6x), even though the order book, which has likely remained significantly low, still raises concerns about tomorrow (i.e., next year). However, in our view, the expected return, consisting of the upside potential from the stock’s low valuation and the dividend, is still higher than the required rate of return.                   Inderes              Raute: Tulosvaroituksen kokonaiskuva oli positiivinen - Inderes    Toistamme eilen tulosvaroituksen antaneen Rauten tavoitehintamme 17,00 euroa ja lisää-suosituksemme. Rauten liikevaihto-ohjeistus laski, mutta kyse oli projektitoimitusten ajoitusten siirtymisestä, ja yhtiö myös vahvisti tilausvirtansa elpyneen H1:n...

Raute

Raute has already achieved high results, and they could be even higher in a more favorable market environment.