- Q3 EBIT amounted to EUR 1.9m, compared to our EUR 1.4m estimate. The 5.1% operating margin topped our 3.9% estimate. The result was also weakened by a few unexpected cost items, including a large expense related to the repair of an important machine tool at Raute’s Nastola plant.
- Order intake was EUR 58m vs our EUR 63m estimate. Project deliveries orders amounted to EUR 37m while we expected EUR 46m. Technology services orders were EUR 21m, compared to our EUR 17m estimate. Modernization projects helped services’ order intake.
- Order book amounted to EUR 150m at the end of Q3 (EUR 62m a year ago).
Raute guides revenue to increase and operating profit to improve this year (unchanged).