Etteplan - Expecting revenue and operating profit growth to continue
Etteplans Q4 revenue (EUR 62.9m/66.0m Act./Evli est.) and EBIT (EUR 5.7m/6.2m Act./Evli est.) fell slightly below our estimates but remained at good levels nonetheless. Etteplan expects its revenue and operating profit for the year 2019 to grow compared to 2018. The BoD proposes a dividend of EUR 0.30 per share (Evli EUR 0.30).
- Net sales in Q4 were EUR 62.9m (EUR 58.5m in Q4/17), slightly below our estimates (Evli EUR 66m). Growth in Q4 amounted to 7.5 % y/y.
- EBIT in Q4 was EUR 5.7m (EUR 4.6m in Q4/17), below our estimates (Evli EUR 6.2m), at a margin of 9.1 %.
- Engineering services: Net sales in Q4 were EUR 34.6m vs. EUR 37m Evli. EBIT BO in Q4 was EUR 3.3m vs. EUR 3.8m Evli.
- Embedded systems and IoT: Net sales in Q4 were EUR 16.5m vs. EUR 16.2m Evli. EBIT BO in Q4 was EUR 2.0m vs. EUR 1.7m Evli.
- Technical documentation: Net sales in Q4 were EUR 11.7m vs. EUR 12.8m Evli. EBIT BO in Q4 was EUR 1.0m vs. EUR 1.2m Evli.
- Etteplan sees its business environment continuing to develop favorably in all market areas while demand growth in Europe is expected to slow down slightly due to political uncertainty.
- Dividend proposal: Etteplan’s BoD proposes a dividend of EUR 0.30 per share (Evli EUR 0.30).
- Guidance: Etteplan expects its revenue and operating profit for the year 2019 to grow compared to 2018. The guidance is in line with our expectations
Open Report