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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 2 BUSINESS REVIEW JANUARY– SEPTEMBER 2026 MIKA SAARIAHO, President and CEO VILLE HALTTUNEN, CFO October 30, 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Content • Highlights and group performance • Segment performance • Cash flow, financial position and key figures • Outlook 2026 3 © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. HIGHLIGHTS AND GROUP PERFORMANCE
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Q3 2026 highlights Strong order intake in Q3 2026 despite continued market uncertainty • Market conditions remained challenging, with customer investment activity subdued and volatile. Interest in modernization and productivity-enhancing investments continued • Order intake increased to EUR 53 million from EUR 38 million. A EUR 31 million plywood mill expansion order in Estonia supported the increase and lifted the order book to EUR 85 million at the end of September • Net sales were EUR 29.0 million (43.7) and comparable EBITDA EUR 3.2 million, or 11.0% of net sales (6.5; 15.0%). • Profitability was supported by good progress in customer delivery projects, disciplined cost control and the release of certain project provisions • Performance varied across business units. Lower volumes impacted Wood Processing, while Services and Analyzers delivered relatively stable performance year-on-year © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 5
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Key figures Q3 2026 6 Net sales 29.0 MEUR (Q3 2025: 43.7) Comparable EBITDA 3.2 MEUR (Q3 2025: 6.5) Order intake 53 MEUR (Q3 2025: 38) Personnel* 673 (Q3 2025: 696) Order book* 85 MEUR (Q3 2025: 108) Equity ratio* 66.2 (Q3 2025: 64.9) *at the end of the reporting period © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Order intake Order intake EUR 53 million in Q3 2026 © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 7 80% 3% 6% 10% 80% 3% 6% 10% Europe South America North America Asia-Pacific 36 67 36 15 17 40 112 20 12 18 35 19 15 38 53 28 118 50 25 36 67 36 15 17 40 112 20 12 18 35 19 15 38 53 28 118 50 25 2022 2023 2024 2025 2026 Q4 Q3 Q2 Q1 138 315 121 91 88 • EUR 31 million order from Kohila Vineer OÜ to expand the company’s plywood production. • Other orders included after-sales services, modernizations, upgrades and individual value- adding machinery and analyzers for veneer, plywood and LVL production MEUR
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Order book Order book of EUR 85 million at the end of Q3 2026 8 • Five mill-sized orders received during Q1/23 –Q1/24: Lumin, Latvijas Finieris, Thebault, Metsä Wood and AmberBirch • Q3/26: Order from Kohila Vineer to expand the company’s plywood production. *Q3/2024 order book restated by EUR 2m from earlier reported 30 20 17 17 34 75 76 72 74 89 88 80 184 98 81 66 85 61 60 46 76 64 55 74 86 78 15 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 6Q3/22 4Q4/22 3 118 Q1/23 2 200 Q2/23 1 191 Q3/23 266 Q4/23 259 Q1/24 223 Q2/24 188 Q3/24* Q4/24 146 Q1/25 115 Q2/25 108 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Russia Rest of the world 92 80 62 94 98 129 150 158 152 104 Q1/20 84 121 202 192 266 259 223 94 146 115 108 98 81 66 85 188 © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 MEUR
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Net sales Net sales EUR 29.0 million in Q3 2026 decreasing 33.6% against last year 9 41 37 45 52 33 30 29 57 44 33 42 34 46 44 29 46 45 56 36 2022 2023 2024 2025 2026 Q4 Q3 Q2 Q1 158 145 205 176 95 • Net sales were affected by lower order book and low order intake in recent quarters as well as reduced activity levels in customers’ operations 60% 25% 12% Europe North America Asia-Pacific South America 3% -33.6% © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 MEUR
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Comparable EBITDA Comparable EBITDA EUR 3.2 million in Q3 2026 with margin of 11.0% (15.0%) 10 Comparable EBITDA EUR 3.2 million (6.5) and margin 11.0% (15.0) in Q3 2026 • Comparable EBITDA decreased in Wood Processing and Analyzers but remained close to comparison period in Services • Profitability was supported in part by the reversal of certain project-related cost provisions Items affecting comparability (IACs) in EBITDA totaled to EUR -0.0 million (-0.3) -12 -10 -8 -6 -4 -2 0 2 4 6 8 2022 2023 2024 2025 2026 2.7 -1.6 -0.1 3.1 2.1 -0.1 -10.9 6.0 2021 2.8 0.7 3.0 2.7 3.0 5.4 6.3 5.1 7.4 6.5 6.5 5.7 4.2 4.0 3.2 -51% Q1 Q2 Q3 Q4 MEUR © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Operating profit (YTD) YTD operating profit EUR 7.2 million in Q1-Q3 2026, i.e. 7.5% of net sales 11 -20 -15 -10 -5 0 5 10 15 20 -20 -15 -10 -5 0 5 10 15 20 2021 2022 2023 2024 2025 2026 -1.5 -3.1 -4.2 -3.0 -2.8 -2.8 -4.5 -2.8 -2.2 2020 -16.6 -15.2 -14.6 0.9 -0.2 1.21.9 1.5 5.4 10.2 13.7 5.9 7.8 12.9 17.3 2.8 5.2 7.2 -44% Q1 Q1-Q2 Q1-Q3 Q1-Q4 MEUR Q1-Q3 2026 operating profit EUR 7.2 million (12.9) and margin of 7.5% (9.3) • Items affecting comparability (IACs) in operating profit totaled to EUR -0.5 million (-2.4) Q1-Q3 2026 comparable operating profit was 7.7 million (16.2) representing margin of 8.0% (11.7) Q3 2026 operating profit EUR 2.0 million (5.1) and margin of 6.8% (11.7) • Items affecting comparability (IACs) in operating profit totaled to EUR -0.0 million (-0.3) Q3 2026 comparable operating profit was 2.0 million (5.4) representing margin of 6.9% (12.3) © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Personnel Head account decreased 3% against comparison period 12 802 778 754 783 698 775 798 789 783 770 766 696 698 692 697 673 802 778 754 783 698 775 798 789 783 770 766 696 698 692 697 673 2021 2022 2023 2024 2025 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 -3% 80% 18% 80% 18% Europe North America 2% Others © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. SEGMENT PERFORMANCE
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Wood Processing 14 Net sales EUR 16.9 million in Q3 2026, decreased by 46.5% against last year • The decrease was mainly driven by low order intake in previous quarters, resulting in lower project delivery volumes compared with the comparison period Comparable EBITDA EUR 1.7 million (4.8) and margin 9.8% (15.2) in Q3 2026 • Profitability was affected by lower sales volumes, but strong project execution, strict cost control, temporary layoffs and reversal of certain project-related cost provisions partly mitigated the impact of low sales © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 2022 2023 2024 31.6 2025 16.9 2026 -46% Q1 Q2 Q3 Q4 2022 2023 2024 4.8 2025 1.7 2026 Net sales (MEUR) Comparable EBITDA (MEUR)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Services 15 Net sales EUR 8.8 million in Q3 2026, increased by 3.2% against last year • Net sales increased despite the continued challenging market environment • Customers remained cautious in their spending and continued to postpone or reduce maintenance activities, particularly in the Americas Comparable EBITDA EUR 1.2 million (1.2) with margin of 13.2% (14.0) • The positive impact of higher net sales was offset by slightly higher operational costs and group-level allocations © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 2022 2023 2024 8.5 2025 8.8 2026 +3% Q1 Q2 Q3 Q4 2022 2023 2024 1.2 2025 1.2 2026 Net sales (MEUR) Comparable EBITDA (MEUR)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Analyzers 16 Net sales EUR 3.3 million in Q3 2026, decreasing 8.1% against last year • The decrease was due to timing shifts of customer project deliveries and revenue recognition Q3 2026 comparable EBITDA was EUR 0.4 million (0.5) with margin of 11.2% (14.9) • The impact of lower net sales was partly mitigated by cost control © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 2022 2023 2024 3.5 2025 3.3 2026 -8% Q1 Q2 Q3 Q4 2022 2023 2024 0.5 2025 0.4 2026 Net sales (MEUR) Comparable EBITDA (MEUR)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. CASH FLOW, FINANCIAL POSITION AND KEY FIGURES
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Earnings per share Q3 2026 Comparable EPS EUR 0.26 (0.69) – R12M Comparable EPS EUR 1.64 (2.59) 18 Q3 2026 comparable EPS EUR 0.26 (0.69) • Decrease due to operating profit Q3 2026 EPS EUR 0.25 (0.59) • Items affecting comparability: EUR -0,0 (-0.3) million. • Effective tax rate 20% (23%) during the quarter Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 0.10 -0.15 0.16 0.09 0.20 0.22 0.56 0.57 0.73 0.74 0.48 0.52 0.69 0.71 0.19 0.68 0.69 0.59 0.62 0.37 0.65 0.33 0.36 0.25 0.26 0.40 -62% 2.451.961.581.010.300.20R12M EPS EPS Comparable EPS R12M Comparable EPS 2.542.05 2.09 2.65 2.01 2.59 2.12 2.70 © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 1.80 2.39 1.93 2.06 1.55 1.64
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Quarterly cash flow and EBITDA Q3 2026 operating cash flow EUR 7.0 million 19 Q3 2026 operating cash flow EUR 7.0 million (-0.7) • EBITDA amounted to EUR 3.2 million (6.3) • The cash flow was positively impacted by the change in net working capital MEUR © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 - 0,7 7,06,3 3,2 -30,0 -20,0 -10,0 0,0 10,0 20,0 30,0 40,0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Operating cash flow EBITDA Operating cash flow (R12M) EBITDA (R12M)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Net working capital Net working capital EUR 14.2 million at the end of Q3 2026 20 Net working capital EUR 14.2 million (6.5) at the end of Q3 2026 • NWC change during Q3 2026 EUR -4.3 million (+7.3) • Net working capital changes typical in the project business Long term average NWC level has been around EUR 0 million MEUR © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 -4,2 -21,3 -9,0 -5,1 -11,3 -26,5-28,6 -36,2 -27,0 - 18,8 -31,9-30,6 - 26,3 - 0,8 6,5 - 1,2 6,7 18,5 14,2 -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% -40,0 -30,0 -20,0 -10,0 0,0 10,0 20,0 30,0 NWC NWC % of 12M sales -40,0 -30,0 -20,0 -10,0 0,0 10,0 20,0 30,0 Q1/07 Q4/07 Q3/08 Q2/09 Q1/10 Q4/10 Q3/11 Q2/12 Q1/13 Q4/13 Q3/14 Q2/15 Q1/16 Q4/16 Q3/17 Q2/18 Q1/19 Q4/19 Q3/20 Q2/21 Q1/22 Q4/22 Q3/23 Q2/24 Q1/25 Q4/25 Q3/26 NWC (Q1/07-Q3/26)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Balance sheet structure Strong balance sheet enables the execution of growth strategy 21 Q4/20 24.4 -2.1 11.6 Q4/21 7.6 -6.7 Q4/22 48.1 Q4/23 40.5 Q1/24 37.3 Q2/24 55.2 Q3/24 57.5 Q4/24 58.8 Q1/25 31.6 Q2/25 29.6 Q3/25 40.3 Q4/25 33.8 Q1/26 16.7 Q2/26 22.2 Q3/26 9.7 22.3 0.9 -1.9 40.5 37.3 55.2 57.5 58.8 48.1 29.6 40.3 33.8 16.7 22.2 31.6 Cash & cash equivalents Financial liabilities (exc IFRS16) Net liquidity (MEUR)Equity ratio Q4/20 Q4/21 Q4/22 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 58.8 44.3 36.6 50.2 49.7 48.5 54.3 55.2 53.7 60.0 64.9 65.7 65.2 64.7 66.2 © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Capex, depreciation and amortization Capital expenditure following last year level 22 • Capex in Q1-Q3 2026 totaled EUR 2.3 million (2.5) MEUR © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 6,3 6,6 4,5 2,8 4,6 4,4 2,5 2,32,5 3,1 3,7 4,0 3,8 3,6 3,1 3,0 1,8 1,9 1,3 1,4 1,5 1,3 1,0 0,7 0,0 1,0 2,0 3,0 4,0 5,0 6,0 7,0 2021 2022 2023 2024 2025 Q3/26 R12 1-9/25 1-9/26 Capex Depreciation. exc. RoU assets RoU depreciation
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Research and development cost 23 MEUR / % of net sales © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 4,9 6,3 5,2 5,3 4,8 4,8 3,9 3,9 0,0 1,0 2,0 3,0 4,0 5,0 6,0 7,0 2021 2022 2023 2024 2025 Q3/26 R12 1-9/25 1-9/26 R&D expenses (MEUR) R&D as % of sales (%)
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. OUTLOOK 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Business environment • The market environment remained challenging during the third quarter of 2026, reflecting the prolonged downturn affecting our industry globally • While customer investment activity remained subdued overall, we observed some increase in discussions related to modernization and productivity-enhancing investments • Market conditions continued to vary by region and product segment. Construction activity, financing conditions, geopolitical uncertainty and trade-policy measures continued to influence demand for veneer, plywood and LVL products and customers' investment appetite • In Europe, the market for veneer-based products remained mixed. Hardwood plywood indicators were comparatively resilient while, in contrast, softwood plywood demand remained weak. The outlook for European construction improved gradually but remained uneven • In North America, housing affordability and financing conditions continued to constrain demand for structural wood products. The 2026 industry outlook for North American engineered wood products remained subdued: structural panel production was forecast to decline, while LVL production was expected to grow only modestly • Customers' longer-term investment needs continue to be linked to competitiveness, production efficiency, increasing sustainability requirements and the modernization of existing capacity, but the timing of larger investment decisions remains sensitive to demand visibility, financing conditions and trade-policy developments © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 25
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Guidance statement for 2026 (Specified) Based on actual performance during January-September 2026, as well as the current order backlog and market outlook, Raute specifies its financial guidance within the previously communicated range. Raute’s 2026 net sales are expected to be between EUR 125–135 million (EUR 175.5 million in 2025) and comparable EBITDA is expected to be between EUR 13–16 million (EUR 26.1 million in 2025). Previous guidance (August 12, 2026) Raute’s 2026 net sales are expected to be between EUR 125–145 million (EUR 175.5 million in 2025) and comparable EBITDA is expected to be between EUR 11–18 million (EUR 26.1 million in 2025). © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 26
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Profitability and Competitiveness Program launched today Group-wide program to strengthen profitability, competitiveness and operational efficiency • Targeting approximately EUR 4 million in annual cost savings • Measures focus on organizational structures, processes, resource allocation, procurement, external spending, operational effectiveness, systems and automation • Potential reduction of up to 50 positions globally, partly through retirements, natural attrition and internal role arrangements • Implementation expected to begin in Q4 2026, with organizational changes phased in during Q1 2027 • Savings expected to materialize during 2027, reaching the full annual run-rate by the end of 2027 © Raute Corporation. All rights reserved. 27 Planned reporting structure from 1 January 2027 • Transition from three reportable segments to two: • Wood Processing • Lifecycle Solutions • Lifecycle Solutions would combine the current Services and Analyzers businesses • The planned structure would bring together services, analyzers, data and analytics to: • strengthen Raute’s lifecycle offering • increase customer value and recurring revenue • reduce dependence on capital investment cycles • simplify management and reporting BUSINESS REVIEW JANUARY–SEPTEMBER 2026
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Further information © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 28 Mika Saariaho President and CEO +358 40 1549393 mika.saariaho@raute.com Ville Halttunen CFO +358 50 3460868 ville.halttunen@raute.com
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. Follow us www.raute.com › www.raute.com › Raute Corporation › RauteCorporation › @RauteCorporation › @RauteCorporation › Raute Corporation › RauteCorporation › @rautecorporation › @rautecorporation › © Raute Corporation. All rights reserved. BUSINESS REVIEW JANUARY–SEPTEMBER 2026 29
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Change the presentation name. Go to: Insert > Header and footer > Footer Suggested text sizes for presentation are: Headings: 50 px (large) 30 px (normal) 22 px (small) 15 px (extra small) Paragraph text: 13 px (large) 11 px (normal) 9 px (small) 7 px (extra small) Try to keep the main content inside the area indicated by blue guides (lines). Copyright uses date input field from Header and footer options. This should not be changed. THANK YOU!