In the second quarter Raute showed a positive operating result of €0.6m after the first quarter had seen an operating loss of €0.5m. The net result for the second quarter, at €0.2m was also back in the black. The cumulative operating result for the first six months was marginally positive, at €0.1m, while although the net result for the first half year was in the red, the loss showed a year-on-year decline to €0.2m. Raute's turnover stagnated in the first half of 2012 at the level seen in 2011, at €37.5m (37.8m). However, considerable year-on-year growth is expected in the second half of 2012. In addition, Raute forecasts a strong positive result for both the first half year and the year as a whole.
Source:
http://www.euwid-wood-products.com/news/wood-based-panels/single/Artikel/raute-back-in-the-black-in-second-quarter-of-2012.html
