Etteplan - Figures in line, guidance specified
Etteplan's net sales in Q2 amounted to EUR 75.0m, in line with our and consensus estimates (EUR 73.7m/73.6m Evli/cons.). EBIT was also quite in line with our estimates and slightly below consensus, at EUR 6.7m (EUR 6.5m/7.3m Evli/cons.). Guidance specified: Etteplan expects revenue to amount to EUR 295-315m (prev. EUR 285-305m) and operating profit (EBIT) to amount to EUR 25-28m.
- Net sales in Q2 were EUR 75.0m (EUR 62.9m in Q2/20), in line with our estimates and consensus estimates (EUR 73.7m/73.6m Evli/Cons.). Growth in Q2 amounted to 19% y/y, organic growth 12.4%.
- EBIT in Q2 amounted to EUR 6.7m (EUR 5.4m in Q2/20), in line with our estimates and slightly below consensus estimates (EUR 6.5m/7.3m Evli/cons.).
- Compared to our expectations, the Technical Documentation Solutions and Software and Embedded Solutions service areas exceeded expectations on growth and relative profitability.
- EPS in Q2 amounted to EUR 0.20 (EUR 0.16 in Q2/20), in line with our estimates and consensus estimates (EUR 0.20/0.20 Evli/cons.).
- Engineering Solutions net sales in Q2 were EUR 42.0m vs. EUR 42.5m Evli. EBITA in Q2 amounted to EUR 4.2m vs. EUR 4.3m Evli.
- Software and Embedded Solutions net sales in Q2 were EUR 19.9m vs. EUR 18.6m Evli. EBITA in Q2 amounted to EUR 2.2m vs. EUR 2.0m Evli.
- Technical Documentation Solutions net sales in Q2 were EUR 13.0m vs. EUR 12.4m Evli. EBITA in Q2 amounted to EUR 1.6m vs. EUR 1.3m Evli.
- Guidance specified: Etteplan expects revenue to amount to EUR 295-315m (prev. EUR 285-305m) and operating profit (EBIT) to amount to EUR 25-28m.