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Q4 results came in below expectations but showed slight y/y improvement. Guidance implies modest progress despite continued market challenges, with high uncertainty heading into 2026.
Etteplan's Q4 results came slightly below expectations, but showed progress from last year. Guidance implies a modest improvement despite the challenging market conditions.
Etteplan is set to report its Q4 figures on February 12. We expect that the market and demand situation remained challenging in Q4, with no clear signs of recovery in 2026.
Despite the profit warning released ahead of the Q3 report, there were also positives in the report considering the challenging market conditions. However, the short-term outlook and visibility of a potential market turn remain muted.
Etteplan issued a profit warning yesterday alongside preliminary Q3 figures. Today's full results were broadly in line with our estimates, which still reflected the old guidance. Profitability improved clearly from last year’s weak levels, supported by adaptation measures and continued progress in AI-driven solutions, despite a challenging demand situation.
Etteplan reports Q3 figures on October 29. We expect improvement from an easier comparison period, although organic growth drivers remain few and visibility strained.
Etteplan’s H1 was disappointing, with the escalation of the trade war causing demand to weaken further in Q2 following an already soft Q1. The revised guidance requires a marked improvement over last year in H2.
There were no surprises in Etteplan’s Q2 figures, since the company earlier issued a profit warning and disclosed preliminary numbers. Although the figures were weak as expected, profitability was impacted by NRIs. In addition, on a positive note, the company made strong progress in growing its share of AI-related net sales.
Etteplan released a profit warning yesterday and provided preliminary figures for Q2. The company reports its Q2 numbers on 6th of August.
Etteplan posted softer than expected figures for Q1 that were further weakened by sizeable NRIs. What initially appeared to be a rather conservative guidance at the start of the year now seems more challenging, although softer comparable figures and the company’s continued self-help provide some backing.
Etteplan’s Q1 was softer than expected with organic net sales down 8.0% y/y (at comparable FX), a steeper drop than we forecasted. Continued weak demand, combined with significant negative NRIs, kept reported earnings at low levels.
Etteplan reports Q1 results on 5th of May. We expect still slow organic sales development while acquisitions should continue to drive sales. The first quarter offered some encouraging signs in the market, though the intensified trade war has since cast a cloud over the outlook.
Etteplan's Q4 results aligned with our estimates, with NRIs weighing on the figures. The market remains challenging which is reflected in the conservative lower range of the 2025 guidance. Going forward, Etteplan aims to continue profitable growth with the help of increased share of AI service offering.
Etteplan’s Q4 performance aligned with our expectations. Our current estimates for 2025E fall within the upper range of the company’s guidance.
Etteplan reports its Q4 figures on 12th of February. We expect that the operating environment has remained rather challenging in Q4. While 2024 proved to be another challenging year, we estimate that Etteplan will recover to a profitable growth path in 2025 partly aided by the acquisitions.
Etteplan’s Q3 was weak as was expected after the two profit warnings the company gave prior to the report. Despite the short-term market led weakness, we continue to see the long-term prospects attractive at the current valuation.
The weakness of Etteplan’s Q3 came as a no surprise as the company released two profit warnings before the Q3 print. While we expected weak figures, profitability was still a touch softer than estimated.
Etteplan issued its second profit warning of the fiscal year prior to the Q3 report, citing ongoing weak market conditions and significant non-recurring adaptation costs anticipated for 2024.
Etteplan lowered its guidance as the market conditions have remained weak. While 2024E looks to be another gap year in the profitable growth story, we still consider the valuation undemanding for 2025-2026E.
Etteplan's Q2 fell short of our estimates due to continued low customer activity. While the slower H1 creates pressure to meet the specified guidance, we continue to see the long-term prospects attractive.
Etteplan's Q2 results missed our estimates across the board. With the lower-than-expected results, the company specifies its guidance. Our current estimates lie at the upper end of the specified guidance range.
Etteplan publishes its Q2/24 figures on 8th of August. We expect profitable growth to have continued driven by acquisitions, softer comparable figures and slight positive calendar effect.
We expect the slow market to continue to impact Etteplan in 2024, while acquisitions support net sales growth. Signs of market improvement are evident, and the long-term case remains attractive. We retain our TP at EUR 14.5 while upgrading our recommendation to BUY (prev. HOLD).
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Etteplan Oyj, Stock Exchange Release, March 17, 2026 at 3.05 p.m. (EET)
Etteplan's Annual Report 2025 has been published today in Finnish and English. This year's report, titled `Transformation with AI', consists of five parts: the Annual Review, the Board of Directors' Review (including the Sustainability Statements), the Financial Statements, the Corporate Governance Statement, and the Remuneration Report. We publish our financial statements in compliance with the European Single Electronic Format (ESEF) reporting requirements.
Our Sustainability Statements 2025 have been prepared based on the European Sustainability Reporting Standards (ESRS). The Sustainability Statements outline our environmental, social, and governance impacts, targets, and measures for sustainable growth and responsible business operations.
The Annual Report is available in PDF format as an attachment to this stock exchange release and on our website at https://www.etteplan.com/investors/reports-and-presentations/. The Annual Report will also be published in print later.
Etteplan's Annual General Meeting 2026 will be held on Thursday, April 9, 2026 in Espoo.
Etteplan Oyj
For further information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release, March 17, 2026, at 3.00 p.m. EET
INVITATION TO ETTEPLAN OYJ'S ANNUAL GENERAL MEETING OF SHAREHOLDERS
The shareholders of Etteplan Oyj ("Company") are invited to the Annual General Meeting of Shareholders. The Meeting will be held on Thursday April 9, 2026 starting at 10.00 a.m. EET at Leonardo auditorium, Innopoli 1 at the address Tekniikantie 12, 02150 Espoo, Finland. The reception of the persons who have registered for the Meeting will commence at 09.30 a.m. EET.
A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING:
1. Opening of the Meeting
2. Calling the Meeting to order
3. Election of persons to scrutinize the minutes and to supervise the counting of votes
4. Recording the legality of the Meeting
5. Recording the attendance at the Meeting and adoption of the register of votes
6. Presentation of the financial statements for 2025, including consolidated financial statements, and Annual Report
- Review by the President and CEO
7. Presentation of the Auditor's report
8. Adoption of the financial statements and consolidated financial statements
9. Resolution on the use of the profit shown on the balance sheet and the payment of the dividend
The Board proposes to the Annual General Meeting that a dividend of EUR 0.22 per share would be paid for the financial period 2025. The dividend will be paid to the shareholders registered on the record date in the shareholders' register maintained by Euroclear Finland Ltd. The record date of the payment of dividend is April 13, 2026. The dividend is proposed to be paid on April 20, 2026.
10. Resolution on the discharge of the members of the Board of Directors as well as the President and CEO from liability
11. Presentation of the Remuneration Report for governing bodies
12. Resolution on the number of members of the Board of Directors as well as resolution on the remuneration of the members of the Board of Directors
The Nomination and Remuneration Committee of the Board of Directors proposes to the Annual General Meeting that the Board of Directors would consist of six (6) members.
The Nomination and Remuneration Committee of the Board of Directors proposes that the annual remuneration of the Board of Directors will remain the same as previous year and thus EUR 42,000 be paid for each member of the Board and EUR 84,000 be paid for the Chairman.
The Nomination and Remuneration Committee of the Board of Directors also proposes that the Annual General Meeting would resolve on the remuneration of the Board of Directors and its Nomination and Remuneration Committee and Audit Committee per meeting as follows:
The Board of Directors
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
Nomination and Remuneration Committee
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
Audit Committee
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
13. Election of the Board of Directors
The Nomination and Remuneration Committee of the Board of Directors proposes that the Annual General Meeting would re-elect Robert Ingman, Outi Henriksson, Katri Piirtola, Tomi Ristimäki, and Sonja Sarasvuo to the Board of Directors. The Nomination and Remuneration Committee further proposes that the Annual General Meeting elect Samuli Hänninen as a new member to the Board of Directors. All proposed members have given their consent to the election. Mikko Tepponen has informed the Company that he is no longer available for re-election. More information on the proposed members is available on Etteplan Oyj's website www.etteplan.com.
14. Election of the Auditor and resolution on the remuneration of the Auditor
Etteplan has an obligation to organize an audit firm selection procedure in accordance with the EU Audit Regulation concerning the audit for year 2026 (mandatory auditor rotation). Under paragraph 2 of Article 16 of the Regulation, Etteplan's Audit Committee shall provide the Company's Board of Directors with a recommendation for the appointment of the statutory auditor.
As part of the audit firm selection procedure, offers were requested from five potential candidates. The selection criteria were transparently communicated to all candidates at the beginning of the process. The selection process comprised several phases and, and after the selection process and careful consideration based on the selection criteria the Audit Committee's recommendation for the appointment of statutory auditor is KMPG Oy Ab for the financial period 2026. The Audit Committee confirms that its recommendation is free from influence by a third party and that no clause of the kind referred to in paragraph 6 of the Article 16 of the EU Audit Regulation, which would restrict the Annual General Meeting's choice regarding the election of auditor, has been imposed upon the Audit Committee.
The Board proposes, in accordance with the Audit Committee's recommendation, that one auditor would be elected for the Company. The Board proposes, in accordance with the Audit Committee's recommendation, that Authorized Public Accountants KPMG Oy Ab, with Authorized Public Accountant Mr. Jonne Ahokas as the main responsible auditor, be elected as the Company's Auditor.
The Board further proposes, in accordance with the Audit Committee recommendation, that the fees for the auditor are paid according to invoice approved by the Company.
15. Election of the Sustainability Reporting Assurance Provider and resolution on the remuneration of the Sustainability Reporting Assurance Provider
The Board proposes, in accordance with the Audit Committee's recommendation, that KPMG Oy Ab be elected as the Company's sustainability reporting assurance provider for the financial period 2026. The Company will carry out the assurance of the sustainability reporting, or parts thereof, for the financial period 2026 if required by EU or national legislation, or if the Company has another compelling reason to conduct the assurance. If none of the above reasons apply, the Company will not conduct assurance of the sustainability reporting for the financial period 2026.
The Board further proposes, in accordance with the Audit Committee recommendation, that the fees for the sustainability reporting assurance provider are paid according to invoice approved by the Company if the assurance of the sustainability reporting will be carried out in the financial period 2026.
16. Authorizing the Board of Directors to resolve on the repurchase of the Company's own shares
The Board proposes that the Annual General Meeting authorize the Board of Directors to resolve on the repurchase of the Company's own shares in one or more tranches using the Company's unrestricted equity. A maximum of 2,000,000 shares in the Company may be repurchased. The Company may deviate from the obligation to repurchase shares in proportion to the shareholders' current holdings, i.e., the Board has the right to decide on a directed repurchase of the Company's own shares.
The authorization includes the right for the Board to resolve on the repurchase of the Company's own shares through a tender offer made to all shareholders on equal terms and conditions and at the price determined by the Board, or in public trading organized by the NASDAQ OMX Helsinki Ltd at the market price valid at any given time, so that the Company's total holding of own shares does not exceed ten (10) percent of all the shares in the Company.
The minimum price for the shares to be repurchased is the lowest market price quoted for the shares in the Company in public trading and, correspondingly, the maximum price is the highest market price quoted for the shares in the Company in public trading during the validity of the authorization.
Should the shares in the Company be repurchased in public trading, such shares will not be purchased in proportion to the shareholders' current holdings. In that case there must be a weighty financial reason for the Company to repurchase its own shares. The shares may be repurchased in order to be used as consideration in potential acquisitions or in other structural arrangements. The shares may as well be used for carrying out Company's incentive schemes for its personnel. The repurchased shares may be retained by the Company, invalidated or transferred further.
The repurchase of the Company's own shares will reduce the non-restricted equity of the Company.
The authorization is valid for 18 months from the date of the resolution of the Annual General Meeting starting on April 9, 2026 and ending on October 8, 2027. The authorization will replace the corresponding previous authorization.
17. Authorizing the Board of Directors to resolve on the issuance of shares, option rights and other special rights entitling to shares as well as the assignment of own shares
The Board proposes that the Annual General Meeting authorize the Board of Directors to resolve on the issuance of a maximum of 2,000,000 shares through issuance of shares, option rights or other special rights entitling to shares under Chapter 10, Section 1 of the Finnish Companies Act in one or more issues. The authorization includes a right to issue new shares or assign Company's own shares held by the Company.
The authorization includes a right to deviate from the existing shareholders' pre-emptive subscription right as set forth in Chapter 9, Section 3 of the Finnish Companies Act. Therefore, the Board of Directors has a right to direct the share issue, or issuance of the option rights or other special rights entitling to shares. The authorization includes also a right to determine on all the terms of share issue, option rights or other special rights entitling to shares. The authorization includes therefore a right to determine on share subscription prices, persons entitled to subscribe the shares and other terms and conditions applicable to the subscription. In order to deviate from the shareholders' pre-emptive subscription right, the Company must have a substantial financial reason such as financing of a company acquisition, other arrangement in connection with the development of the Company's business or equity or an incentive scheme to the personnel. In connection of the share issuance the Board of Directors is entitled to decide that the shares may be subscribed against contribution in kind or otherwise under special terms and conditions. The authorization includes a right to determine whether the subscription price will be entered into the share capital or into the reserve of invested non-restricted equity.
The authorization is valid for eighteen (18) months from the date of the resolution of the Annual General Meeting starting on April 9, 2026 and ending on October 8, 2027. The authorization will replace the corresponding previous authorization.
18. Closing of the Meeting
The shareholder representing approximately 66 percent of the Company's shares and voting rights has announced to support all proposals to the Annual General Meeting.
* * *
B. DOCUMENTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
The proposals for the decisions on the matters on the agenda of the Annual General Meeting as well as this invitation are available on Etteplan Oyj's website at www.etteplan.com. Etteplan Oyj's annual report, which includes the Company's financial statements as well as the Board of Directors' report, Sustainability Statement, and Auditor's report as well as the Assurance report on Company's Sustainability Statement, is available on the above-mentioned website no later than on March 17, 2026. Copies of the documents will be sent to shareholders upon request and will also be available at the Annual General Meeting. The minutes of the Annual General Meeting will be available on the above-mentioned website as from April 23, 2026 at the latest.
C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
Shareholders registered in the shareholders' register
A shareholder who on March 26, 2026 is registered as a shareholder in the Company's shareholder register maintained by Euroclear Finland Ltd is entitled to participate in the Annual General Meeting.
A shareholder who wishes to participate in the Annual General Meeting must notify the Company of his/her intention to do so by April 2, 2026 at 10.00 a.m. EET either by mail to Etteplan Oyj, Annual General Meeting 2026, Tekniikantie 4, Espoo, Finland, by e-mail to registration@etteplan.com, or by telephone to +358 10 307 3222.
Should a shareholder so wish, can said shareholder authorize a Company representative (Etteplan Oyj's SVP, Marketing and Communications Outi Torniainen, tel. +358 10 307 3302, outi.torniainen@etteplan.com) to represent him/her and exercise his/her rights to speak and vote on their behalf at the Annual General Meeting. The authorization can be given by using the Power of Attorney template on the Company's website www.etteplan.com. The authorization must be given in connection with the registration for the meeting.
Written notifications to participate in the Meeting must have arrived to the Company prior to the expiry of the registration period.
In connection with the registration, a shareholder shall notify his/her name, personal identification number or business ID, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Etteplan Oyj is used only in connection with the Annual General Meeting and with the processing of related registrations.
Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting, i.e. on March 26, 2026, would be entitled to be registered in the shareholders' register of the Company held by Euroclear Finland Ltd. The right to participate in the Annual General Meeting requires, in addition, that the shareholder on the basis of such shares has been registered into the temporary shareholders' register held by Euroclear Finland Ltd at the latest by April 2, 2026 at 10.00 a.m. EET. As regards nominee registered shares this constitutes due registration for the Annual General Meeting.
Holders of nominee registered shares are advised to request the necessary instructions regarding the registration in the temporary shareholder's register of the Company, the issuing of proxy documents and registration for the Annual General Meeting from their custodian bank.
The account management organization of the custodian bank shall register a holder of nominee registered shares, who wants to participate in the Annual General Meeting, into the temporary shareholders' register of the Company at the latest on April 2, 2026 at 10.00 a.m. EET.
Proxy representative and powers of attorney
Shareholders may participate in the Annual General Meeting and exercise their rights at the Meeting by way of proxy representation. Proxy representatives shall produce a dated letter of proxy or otherwise in a reliable manner demonstrate their right to represent the shareholder at the Meeting.
Any proxy documents, identified and dated, should be delivered to the Company for inspection to the address mentioned above before the deadline for the registration.
When a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting.
Other instructions and information
Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the Meeting.
On the date of this invitation, March 17, 2026, the total number of shares in Etteplan Oyj and votes represented by such shares is 25,350,793 of which 100,921 are shares held by the Company. The shares held by the Company do not have voting rights.
Espoo, March 17, 2026
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release/Inside information, March 13, 2026 at 9.00 a.m. (EET)
Inside information: Etteplan has concluded the change negotiations in its Software and Embedded Solutions service area
Etteplan has concluded the change negotiations initiated on February 10, 2026, in its Software and Embedded Solutions service area. The change negotiations concerned all employees in the Software and Embedded Solutions service area in Finland, a total of 336 employees. At the start of the negotiations, the company estimated that the planned measures could lead to the termination of employment of up to 40 employees and, in addition to temporary layoffs already implemented, to the indefinite or part-time temporary layoff of up to 30 employees.
As a result of the decisions made, the employment of up to 28 employees will be terminated. The terminations are intended to be implemented by March 31, 2026. In addition, the company will indefinitely or temporarily lay off 35 employees until further notice. During the negotiations, a very constructive dialogue with employee representatives helped identify solutions that reduced the need for terminations and enabled the use of indefinite or temporary layoffs instead.
Discussions with employee representatives also addressed employees' commitment to developing their professional capabilities as part of the structural transformation of the industry. It was agreed that the employer will provide support for competence development.
The aim of the change negotiations was to adjust the operations of the service area to the challenging market situation and weakened demand. Another objective was to align the service area's competence base with the structural changes in the industry driven by artificial intelligence and to accelerate the implementation of Etteplan's strategy.
In Espoo, March 13, 2026
Etteplan Oyj
Further information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Main media
www.etteplan.com
Etteplan Oyj, Press Release, February 23, 2026 at 11.00 a.m. EET
Etteplan has achieved the Microsoft Solutions Partner for Data & AI (Azure) designation. The partnership demonstrates Etteplan's strong capability to help industrial product companies and asset companies, in particular, leverage data, analytics, and artificial intelligence to develop their business, as well as to build reliable, scalable solutions on the Azure cloud platform. In line with its strategy, Etteplan develops new data-related service solutions that enable the efficient use of AI for industrial product companies and asset companies and support their data management and maintenance.
Achieving the Microsoft Solutions Partner for Data & AI designation requires verified technical competence, certified personnel, and proven success in customer projects in data, analytics, and AI. Microsoft evaluates its partners holistically based on customer impact, technical expertise, and the use of Azure cloud technologies. Etteplan also holds the Microsoft Digital & App Innovation (Azure) designation, which enables the delivery of modern application development and cloud architecture solutions, particularly for industrial customers.
The partnership reflects Etteplan's commitment to the continuous development of employee competencies. Etteplan has a growing number of certified experts in Microsoft technologies who support customers with data modernization, the development of AI-based applications, and the utilization of the Azure cloud platform. The partnership provides Etteplan with access to advanced resources, support, and development tools offered by Microsoft, accelerating innovation and enhancing solution quality. For customers, this means having a reliable partner capable of delivering data and AI solutions that create practical business value using modern Microsoft technologies.
"Data and AI are now becoming a critical part of the competitiveness of nearly every organization. The Microsoft Data & AI partnership strengthens our position as a provider capable of helping particularly industrial equipment manufacturers and production plants leverage AI and data to develop their business. The partnership offers us deeper support and new tools for innovation, and above all, it further enhances our ability to serve our customers," says Sami Huusko, Vice President, Software and Embedded Solutions, Finland, at Etteplan.
For years, Etteplan has been developing solutions that combine modern analytics, automation, IoT, and machine learning. The Microsoft Data & AI partnership supports Etteplan's strategy to increase the role of AI- and data-driven services as part of its core service offering.
Further information:
Sami Huusko, VP, Software and Embedded Solutions, Finland, Etteplan, Tel. +358 50 557 1153
Outi Torniainen, SVP, Marketing and Communications, Etteplan, Tel. +358 10 307 3302
Etteplan Oyj, Stock Exchange Release, February 12, 2026, at 1:50 p.m. EET
Ending of Etteplan's share-based incentive plan 2023-2025
At its meeting on February 12, 2026, the Board of Directors of Etteplan Oyj resolved on the outcome of the company's share-based incentive plan 2023-2025.
The plan included one earning period comprising the calendar years 2023-2025. The plan was in line with Etteplan's strategy and supported reaching the company's financial targets. The earnings criteria were Etteplan Group's revenue increase and earnings per share development. The earnings criteria were not met and, consequently, no rewards will be paid under the incentive plan.
On December 16, 2025, Etteplan published a stock exchange release regarding the establishment of a new share-based incentive plan for the Group's management and key personnel for the years 2026-2028.
Etteplan Oyj
Board of Directors
Further information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, Senior Vice President, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Main media
www.etteplan.com
ETTEPLAN OYJ Financial Statement Review February 12, 2026 at 1.00 p.m. (EET)
Etteplan 2025: Strong cash flow despite challenges
Key points October-December 2025
- The Group's revenue increased by 1.7 percent and was EUR 92.9 million (10-12/2024: EUR 91.3 million). At comparable exchange rates, revenue increased by 0.8 percent.
- Operating profit (EBITA) increased by 5.8 percent and was EUR 6.8 (6.4) million, or 7.3 (7.1) percent of revenue.
- Operating profit (EBIT) increased by 6.4 percent and was EUR 5.3 (5.0) million, or 5.7 (5.4) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in October-December was EUR -0.3 (-0.9) million.
- Operating cash flow improved and was EUR 16.8 (14.2) million.
- Basic earnings per share was EUR 0.13 (0.12).
Key points January-December 2025
- The Group's revenue increased by 0.1 percent and was EUR 361.4 million (10-12/2024: EUR 361.0 million). At comparable exchange rates, revenue decreased by 0.5 percent.
- Operating profit (EBITA) decreased by 0.6 percent and was EUR 24.2 (24.4) million, or 6.7 (6.8) percent of revenue.
- Operating profit (EBIT) decreased by 3.0 percent and was EUR 17.9 (18.4) million, or 4.9 (5.1) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in January-December was EUR -2.8 (-3.0) million.
- Operating cash flow improved and was EUR 32.0 (31.0) million.
- Basic earnings per share was EUR 0.42 (0.41).
- The implementation of the strategy continued, and the share of revenue derived from AI-driven service solutions developed by Etteplan developed favorably and was 5 percent at the end of December.
- The Board of Directors' dividend proposal is EUR 0.22 (0.22) per share.
Etteplan also monitors non-IFRS performance measures, because they provide additional information on Etteplan's development. More information on performance measures is provided at the end of the release.
Key figures
| EUR 1,000 | 10-12/2025 | 10-12/2024 | 1-12/2025 | 1-12/2024 | 1-12/2024 |
| Revenue | 92,881 | 91,315 | 361,417 | 361,020 | 361,020 |
| Operating profit (EBITA) | 6,809 | 6,438 | 24,224 | 24,373 | 24,373 |
| EBITA, % | 7.3 | 7.1 | 6.7 | 6.8 | 6.8 |
| Operating profit (EBIT) | 5,271 | 4,953 | 17,866 | 18,410 | 18,410 |
| EBIT, % | 5.7 | 5.4 | 4.9 | 5.1 | 5.1 |
| Basic earnings per share, EUR | 0.13 | 0.12 | 0.42 | 0.41 | 0.41 |
| Equity ratio, % | 40.8 | 40.5 | 40.8 | 40.5 | 40.5 |
| Operating cash flow | 16,846 | 14 194 | 32,005 | 30,961 | 30,961 |
| ROCE, % | 9.5 | 10.1 | 8.3 | 9.4 | 9.4 |
| Personnel at end of the period | 3,777 | 3,803 | 3,777 | 3,803 | 3,803 |
President and CEO Juha Näkki:
In terms of the operating environment, the year 2025 was full of surprises. Geopolitical tensions were at a very high level, and the erratic nature of trade policy made our customers' decision-making difficult. These factors, combined with weak consumer demand, led to a slowdown in our customers' investments and the postponement of decisions, which weakened our demand situation in Europe throughout the year. In China, the market situation was better than in Europe and the demand situation was at a good level throughout the year. Among our customer industries, demand remained at a good level only in the defense industry and at a moderate level in the energy industry. In the other customer industries, the demand situation was difficult and there were large customer-specific differences in demand.
However, supported by acquisitions, we managed to maintain our revenue at the previous year's level. In the challenging market situation, we had to implement various adaptation measures in order to improve our operational efficiency. This caused significant non-recurring expenses, particularly in the first half of the year. In addition, our profitability was negatively affected by losses resulting from customer bankruptcies. Profitability for the full year was at a modest level. However, due to efficiency improvement measures and the optimization of working capital, our cash flow was strong throughout the year.
At the beginning of the year 2025, we published our updated strategy "Transformation with AI" to respond to the changes driven by the development of AI in our industry. During the year, we have taken numerous measures and continued to invest in the implementation of the strategy. We continuously develop our competence base through training and recruitment, and we see significant growth opportunities in leveraging AI. The company's transformation is progressing, and we will continue to invest and take actions to accelerate the implementation of the change and our strategy also in 2026. As part of the transformation, however, we must also make difficult decisions and in some areas adjust our operations to meet future needs.
Our largest investments in leveraging AI in our business have focused on developing our service offering. During the year, we increased the share of revenue derived from AI-driven service solutions to five percent, which is a good start. Our Technical Communication and Data Solutions service area was especially successful in increasing the share of AI-driven service solutions. With the help of new solutions, we gained market share in the service area, achieved growth despite the difficult market situation and clearly improved the service area's profitability towards the end of the year, which is a good indication of the effectiveness of our strategy. During the year, we made changes to the management of the Software and Embedded Solutions service area to accelerate the implementation of the strategy in that service area as well. The new management has created an action plan for the implementation of the strategy. With the action plan, we aim to return the service area to a growth path and achieve a clear improvement in its profitability. The implementation of the plan has started well and is progressing on schedule.
Even though 2025 was a difficult year in many ways, we managed to develop the company further and improved our profitability in several businesses. With that in mind, I want to thank our personnel for their good work, excellent attitude and fighting spirit in a difficult market situation. The outlook for the market situation in 2026 is largely similar to what we faced at the end of 2025. Uncertainty is high. We do not know what will happen in our operating environment at any given time, and for example January was extremely challenging due to the Greenland controversy. However, we are confident that, through our own actions and strong implementation of our strategy, we can continue to develop the company and focus on profitable growth in 2026.
Market outlook 2026
The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. Market uncertainty remains at a high level due to geopolitical and trade policy tensions. Due to the uncertainty and the resulting weak consumer demand, our customers are saving costs and decision-making on new investments remains slow. Projects are still being suspended and postponed. This weakens our demand situation and makes it very difficult to predict the market situation. The defense industry and the energy industry remain the segments in which demand is developing favorably. In our other customer industries, investments are generally at a low level, and the demand situation remains challenging.
Financial guidance 2026
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2026 is estimated to be EUR 360-380 (2025: EUR 361.4) million, and
operating profit (EBIT) in 2026 is estimated to be EUR 19-25 (2025: 17.9) million.
Disclosure procedure
This stock exchange release is a summary of Etteplan's 2025 Financial Statement Review. The complete Financial Statement Review is attached to this stock exchange release in pdf format and is also available on Etteplan's website at www.etteplan.com.
Conference call and live webcast today, February 12, 2026
Etteplan's President and CEO Juha Näkki will present the Company's result for 2025 in a conference call and a live webcast, held in English language, on February 12, 2026 starting at 3.00 p.m. (EET).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q4-2025/dial-in to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q4-2025. The webcast starts at 3.00 p.m. (EET). A recording of the webcast will be available later at www.etteplan.com.
Espoo, February 12, 2026
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release/Inside information, February 10, 2026 at 08.00 a.m. (EET)
Inside information: Etteplan initiates change negotiations in its Software and Embedded Solutions service area
Etteplan initiates change negotiations in its Software and Embedded Solutions service area. The aim of the negotiations is to adjust the service area's competence base to support the implementation of Etteplan's strategy. The change negotiations will be initiated in accordance with the Finnish Act on Cooperation within Undertakings due to financial, production-related, and operational restructuring reasons. The negotiations concern all employees in Etteplan's Software and Embedded Solutions service area in Finland, a total of 336 employees. The planned measures may lead to the termination of employment of up to 40 employees and, in addition to layoffs already implemented, to the permanent layoff or part-time employment of up to 30 employees.
"The weak market situation and the structural changes in the industry driven by artificial intelligence have reduced demand in the Software and Embedded Solutions service area, weakened its profitability, and consequently undermined the viability of its operations. Adjusting the competence base to the changes introduced by AI and accelerating the implementation of our strategy are necessary. We must now make difficult decisions so that we can continue to systematically develop the service area into an even stronger expert in industrial AI and industrial digitalization," says Harri Saikkonen, Senior Vice President, Software and Embedded Solutions.
The change negotiations will begin on February 10, 2026, and are expected to be concluded by the end of March 2026.
Espoo, February 10, 2026
Etteplan Oyj
Further information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Main media
www.etteplan.com
ETTEPLAN OYJ, Investor News, February 5, 2026, at 1.00 p.m.
Etteplan's Financial Statement Release for 2025 to be published on February 12, 2026
Etteplan Oyj will publish its Financial Statement Release for 2025 on Thursday February 12, 2026 at approximately 1.00 p.m. (EET). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com after the publishing.
Conference call and live webcast
Etteplan's President and CEO Juha Näkki will present the Company's result for 2025 in a conference call and a live webcast, held in English language, on February 12, 2026 starting at 3.00 p.m. (EET).
Questions can be asked in Finnish and in English after the President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q4-2025/dial-in to ask questions through the conference call lines. After registering the participant will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q4-2025. The webcast starts at 3.00 p.m. (EET). A recording of the webcast will be available later at www.etteplan.com.
Espoo, February 5, 2026
Etteplan Oyj
For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Press Release, January 7, 2026 at 10:00 EET
Etteplan and Tampere University are starting a significant research collaboration focused on leveraging artificial intelligence in industrial applications. The goal of the partnership is to explore and develop solutions in two key areas related to industrial AI: autonomous AI agent technologies and capturing tacit knowledge into knowledge bases with the help of AI.
The collaboration will be carried out with Tampere University's GPT Lab research group, led by Professor of Software Engineering Pekka Abrahamsson. The group includes several doctoral students who will work closely with Etteplan's experts. The project will last two years, during which Etteplan will purchase research services from the university.
Exploring autonomous AI agent technologies and tacit knowledge transfer together
The research aims to identify new capabilities for autonomous AI agents that can automate entire industrial workflows, handle complex tasks, and utilize industry-specific knowledge. In addition, the project will investigate new AI methods to efficiently transform tacit knowledge into accessible and structured data formats, improving information retrieval, reducing knowledge loss during staff turnover, and accelerating decision-making.
"Autonomous AI agents and tacit knowledge management are areas where deep expertise is not yet widely available. Therefore, a research-driven approach is essential to ensure we can continue to offer innovative solutions to our customers in these fields. This collaboration also supports Etteplan's strategy to integrate AI into our service solutions and strengthens our position as a technological frontrunner," says Maaret Henriksson, AI Program Director at Etteplan.
"Autonomous AI agents and the utilization of tacit knowledge are critical factors for the future competitiveness of the industry. Working with Etteplan enables us to research and develop these themes in a genuine industrial context," says Pekka Abrahamsson, Professor of Software Engineering and Head of GPT Lab at Tampere University.
Further information:
Maaret Henriksson, AI Program Director, Etteplan, Tel. +358 50 482 0782
Outi Torniainen, SVP, Marketing and Communications, Etteplan, Tel. +358 10 307 3302
Pekka Abrahamsson, Professor, Faculty of Information Technology and Communication Sciences, Tampere University, Tel. +358 40 541 5929
About GPT Lab:
GPT Lab is a research group at Tampere University focusing on applying generative AI in software development. The team consists of professors, doctoral candidates, and researchers. GPT Lab explores new methods, models, and ethical questions related to AI in software engineering. The lab also offers companies the opportunity to test generative models in a secure environment. More information: https://www.tuni.fi/en/research/gpt-lab
Etteplan Oyj, Stock Exchange Release, December 16, 2025 at 1.00 p.m.
Etteplan's Board of Directors resolved on key personnel incentive plan
The Board of Directors of Etteplan Oyj has decided to establish a new share-based incentive plan for the Group's management and key personnel.
Etteplan's key objective is to continue profitable growth through the implementation of its strategy. The incentive plan aims to align the goals of shareholders and key personnel to increase the company's value, as well as to commit key personnel to Etteplan and offer them a competitive remuneration plan based on ownership of the company's shares.
The incentive plan supports the implementation of Etteplan's strategy and the achievement of the company's financial targets. The key earnings criteria of the plan are the growth of Etteplan Group's revenue and the development of earnings per share. Other criteria are related to the implementation of the strategy and sustainability (ESG). The plan has one earning period covering the calendar years 2026-2028.
The potential reward will be paid in 2029 partly in company shares and partly in cash after the end of the earning period. The portion paid in cash is intended to cover the taxes and tax-related payments incurred by the key employee from the reward.
Approximately 35 key people belong to the plan, including the members of Etteplan Management Group. The rewards to be paid under the plan correspond to the value of a maximum of 400,000 Etteplan shares (including the cash portion). The shares to be paid out as potential rewards will be transferred from shares held by the company or shares acquired from the market, so the incentive plan will have no dilutive effect on the share value.
In Espoo, December 16, 2025
Etteplan Oyj
Board of Directors
Further information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Main media
www.etteplan.com
ETTEPLAN OYJ, Press Release, November 27, 2025 at 9:00 EET
Etteplan has signed a new framework agreement with Vattenfall AB, one of Europe's leading energy companies, to provide a wide range of technical consulting and engineering services. The agreement strengthens the long-standing collaboration between the two companies and formalizes the scope of services for the coming years.
Under the agreement, Etteplan will deliver services in, for example, project management, asset information management, quality management, automation, and mechanical design. The framework agreement covers an initial three-year period with options for extension, ensuring continuity and flexibility in meeting Vattenfall's evolving needs.
"We are proud to deepen our partnership with Vattenfall AB through this extensive framework agreement. Etteplan has collaborated with Vattenfall AB for many years, and this new agreement reflects the trust and confidence built over time. Etteplan's expertise will contribute to Vattenfall's efforts to enhance its operational efficiency and accelerate the transition toward a fossil-free future," says Matts Eriksson, Vice President, Engineering Solutions Sweden at Etteplan.
Further information:
Matts Eriksson, Vice President, Engineering Solutions Sweden, Etteplan, Tel. +46 70 310 3390
Outi Torniainen, SVP, Marketing and Communications, Etteplan, Tel. +358 10 307 3302
ETTEPLAN OYJ Interim Report October 29, 2025, at 1.00 p.m. (EET)
Etteplan Q3 2025: Profitability developed positively despite the weak market situation
Key points July-September 2025
- The Group's revenue increased by 2.8 percent and was EUR 82.2 million (7-9/2024: EUR 80.0 million). At comparable exchange rates, revenue increased by 2.4 percent.
- Operating profit (EBITA) increased by 92.7 percent and was EUR 5.6 (2.9) million, or 6.9 (3.7) percent of revenue.
- Operating profit (EBIT) increased by 184.1 percent and was EUR 4.1 (1.4) million, or 4.9 (1.8) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in July-September was EUR -0.2 (-1.4) million.
- Operating cash flow improved and was EUR 3.2 (-0.3) million.
- Basic earnings per share was EUR 0.10 (0.00).
- Etteplan issued a profit warning on October 28, 2025, and lowered its previous estimate of revenue and operating profit (EBIT) for 2025 due to weaker-than-expected development of market demand. According to the new estimate, revenue is estimated to be EUR 355-370 (2024: 361.0) million, and operating profit (EBIT) will be EUR 17-20 (2024: 18.4). In connection with the profit warning, Etteplan provided preliminary information on its revenue and operating profit (EBIT) for the third quarter.
Key points January-September 2025
- The Group's revenue decreased by 0.4 percent and was EUR 268.5 million (1-9/2024: EUR 269.7 million). At comparable exchange rates, revenue decreased by 0.9 percent.
- Operating profit (EBITA) decreased by 2.9 percent and was EUR 17.4 (17.9) million, or 6.5 (6.6) percent of revenue.
- Operating profit (EBIT) decreased by 6.4 percent and was EUR 12.6 (13.5) million, or 4.7 (5.0) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in January-September was EUR -2.5 (-2.1) million.
- Operating cash flow declined and was EUR 15.2 (16.8) million.
- Basic earnings per share was EUR 0.29 (0.29).
- The share of revenue derived from AI-driven service solutions developed by Etteplan increased during the review period and was 5 percent at the end of September.
Etteplan also monitors non-IFRS performance measures because they provide additional information on Etteplan's development. More information on performance measures is provided at the end of the release.
Key figures
| EUR 1,000 | 7-9/2025 | 7-9/2024 | 1-9/2025 | 1-9/2024 | 1-12/2024 |
| Revenue | 82,237 | 79,964 | 268,535 | 269,705 | 361,020 |
| Operating profit (EBITA) | 5,634 | 2,923 | 17,415 | 17,935 | 24,373 |
| EBITA, % | 6.9 | 3.7 | 6.5 | 6.7 | 6.8 |
| Operating profit (EBIT) | 4,052 | 1,426 | 12,595 | 13,457 | 18,410 |
| EBIT, % | 4.9 | 1.8 | 4.7 | 5.0 | 5.1 |
| Basic earnings per share, EUR | 0.10 | 0.00 | 0.29 | 0.29 | 0.41 |
| Equity ratio, % | 40.3 | 40.2 | 40.3 | 40.2 | 40.5 |
| Operating cash flow | 3,200 | -261 | 15,159 | 16,767 | 30,961 |
| ROCE, % | 7.5 | 3.3 | 7.9 | 9.2 | 9.4 |
| Personnel at end of the period | 3,830 | 3,870 | 3,830 | 3,870 | 3,803 |
President and CEO Juha Näkki:
Our profitability developed positively in the third quarter despite the weak market situation. The previously implemented adaptation measures improved our operational efficiency, and investments in AI-driven service solutions supported the positive development.
However, the demand situation continued to be very challenging, as uncertainty in the markets remained high. Orders received by our customers provided a modest boost to delivery project demand in the beginning of the review period, but this demand softened towards the end of the review period. Several of our customers implemented reorganizations and cost-saving measures in response to the uncertain market environment. Very few new investment projects were still initiated. Decision-making on new projects remains slow, and even existing projects are being suspended, postponed and even canceled. Product development activity also slowed down substantially after the summer holiday season. This was particularly evident in our Software and Embedded Solutions service area, where revenue declined clearly and profitability was weak. Due to weak market development, we had to implement new adaptation measures, and for example in Finland, the number of temporary layoffs turned to a clear increase in the end of the review period. The defense industry and the energy industry remained the segments in which demand developed favorably.
In spite of the weak market situation, we will continue investing in the development of our business and, in particular, our service solutions. The share of revenue derived from AI-driven service solutions increased to five percent during the review period. New solutions have enabled us to gain market share and improve profitability, especially in the Technical Communication and Data Solutions service area. During the review period, we also acquired Eltech Automation AB in Sweden. The acquisition strengthens our service offering in Sweden, particularly in production solutions.
As we enter the fourth quarter, the market situation is difficult. High market uncertainty and our customers' cost-saving measures are weakening our demand outlook. Although we have succeeded in improving our profitability, we were forced to adjust our financial guidance downwards due to weak demand. In spite of the situation, we will continue to purposefully implement our strategy. We are convinced that we are heading in the right direction and that our business will develop towards our goals when the market situation improves.
Market outlook 2025
The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. Market uncertainty remains high due to geopolitical tensions and the trade war. Due to the uncertainty, our customers are implementing cost-saving measures and decision-making on new investments remains slow. Even projects that have already started are being suspended, postponed or even canceled. This weakens our demand situation and makes it very difficult to predict the market situation. The defense industry and the energy industry remained the segments in which demand developed favorably. In our other customer industries, investments are at a low level, and the demand situation remains very challenging.
Financial guidance 2025
Etteplan issued a profit warning on October 28, 2025, and lowered its previous estimate of revenue and operating profit (EBIT) for 2025.
Current financial guidance for 2025:
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2025 is estimated to be EUR 355-370 (2024: EUR 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 17-20 (2024: 18.4) million.
Previous financial guidance for 2025 (August 6, 2025):
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2025 is estimated to be EUR 365-385 (2024: EUR 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 19-24 (2024: 18.4) million.
Disclosure procedure
This stock exchange release is a summary of Etteplan's January-September 2025 Interim Report. The complete Interim Report is attached to this stock exchange release in pdf format and is also available on Etteplan's website at www.etteplan.com.
Conference call and live webcast today, October 29, 2025
Etteplan's President and CEO Juha Näkki will present the Company's results for January-September 2025 in a conference call and a live webcast, held in English language, on October 29, 2025 starting at 2.30 p.m. (EET).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q3-2025/dial-in to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q3-2025. The webcast starts at 2.30 p.m. (EET). A recording of the webcast will be available later at www.etteplan.com.
Espoo, October 29, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release/Insider information, October 28, 2025, at 9.00 a.m EET
Profit warning - Etteplan lowers its guidance for 2025 and provides preliminary information on its third quarter financial results
In its half year financial report published on August 6, 2025, Etteplan estimated its revenue for 2025 to be EUR 365-385 million (2024: 361.0) and operating profit (EBIT) to be EUR 19-24 million (2024: 18.4).
Etteplan lowers its previous estimate of revenue and operating profit (EBIT) for 2025 due to weaker-than-expected development of market demand. According to the new estimate, revenue is estimated to be EUR 355-370 million and operating profit (EBIT) to be EUR 17-20 million.
Etteplan provides preliminary information on its revenue and operating profit (EBIT) for the third quarter. The revenue is estimated to be approximately EUR 82.2 million and the operating profit (EBIT) approximately EUR 4.1 million. The figures are unaudited.
The negative development of Etteplan's outlook is affected by the continued high level of market uncertainty due to geopolitical tensions and the trade war. Due to the uncertainty, our customers are saving their costs and decision-making on new investments is still slow. Projects that have already started are being suspended, postponed and even canceled. The demand situation continues to be very challenging, which makes it extremely difficult to predict the market situation.
Etteplan's interim report for January-September 2025 will be published on Wednesday, October 29, 2025.
Espoo, October 28, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. + 358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Investor News, October 22, 2025 at 1.00 p.m.
Etteplan's January-September 2025 interim report to be published on October 29, 2025
Etteplan Oyj will publish its January-September 2025 interim report on Wednesday October 29, 2025 at approximately 1.00 p.m. (EET). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com after the publishing.
Conference call and live webcast
Etteplan's President and CEO Juha Näkki will present the Company's result for January-September 2025 in a conference call and a live webcast, held in English language, on October 29, 2025 starting at 2.30 p.m. (EET).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q3-2025/dial-in to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q3-2025. The webcast starts at 2.30 p.m. (EET). A recording of the webcast will be later available at www.etteplan.com.
Espoo, October 22, 2025
Etteplan Oyj
For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Stock Exchange Release, September 17, 2025, at 1.00 p.m.
Etteplan Oyj's financial information in 2026
Etteplan Oyj's schedule for the financial information in 2026 is the following:
Financial information for year 2025
| Financial Statement Review 2025 | Thursday February 12, 2026 |
| Financial Statements and Annual Report | week 12/2026 |
Financial information for year 2026
| Annual General Meeting 2026 | Thursday April 9, 2026 |
| January-March 2026 Interim Report | Thursday May 7, 2026 |
| January-June 2026 Half Year Financial Report | Wednesday August 5, 2026 |
| January-September 2026 Interim Report | Thursday October 29, 2026 |
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
Espoo, September 17, 2025
Etteplan Oyj
Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ Half Year Financial Report August 6, 2025, at 1.00 p.m.
ETTEPLAN Q2 2025: Strategy implementation progressing despite the difficult market situation
Key points April-June 2025
- The Group's revenue decreased by 1.3 percent and was EUR 91.4 million (4-6/2024: EUR 92.6 million). At comparable exchange rates, revenue decreased by 1.9 percent.
- Operating profit (EBITA) decreased by 12.1 percent and was EUR 6.0 (6.8) million, or 6.6 (7.4) percent of revenue.
- Operating profit (EBIT) decreased by 17.8 percent and was EUR 4.4 (5.3) million, or 4.8 (5.8) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in April-June was EUR -0.9 (-0.4) million.
- Operating cash flow declined and was EUR 6.9 (9.0) million.
- Basic earnings per share was EUR 0.10 (0.13).
- At the end of June, the share of revenue represented by AI-driven service solutions developed by Etteplan rose to 4 percent.
- Etteplan issued a profit warning on July 28, 2025, and lowered its previous estimate of revenue and operating profit (EBIT) for 2025 due to uncertainty in market demand and weaker-than-expected business development. According to the new estimate, revenue is estimated to be EUR 365-385 (2024: 361.0) million, and operating profit (EBIT) will be EUR 19-24 (2024: 18.4). In connection with the profit warning, Etteplan provided preliminary information on its revenue and operating profit (EBIT) for the second quarter.
Key points January-June 2025
- The Group's revenue decreased by 1.8 percent and was EUR 186.3 million (1-6/2024: EUR 189.7 million). At comparable exchange rates, revenue decreased by 2.3 percent.
- Operating profit (EBITA) decreased by 21.5 percent and was EUR 11.8 (15.0) million, or 6.3 (7.9) percent of revenue.
- Operating profit (EBIT) decreased by 29.0 percent and was EUR 8.5 (12.0) million, or 4.6 (6.3) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in January-June was EUR
- -2.3 (-0.7) million.
- Operating cash flow declined and was EUR 12.0 (17.0) million.
- Basic earnings per share was EUR 0.19 (0.29).
Etteplan also monitors non-IFRS performance measures because they provide additional information on Etteplan's development. More information on performance measures is provided at the end of the release.
Key figures
| EUR 1,000 | 4-6/2025 | 4-6/2024 | 1-6/2025 | 1-6/2024 | 1-12/2024 |
| Revenue | 91,430 | 92,623 | 186,298 | 189,741 | 361,020 |
| Operating profit (EBITA) | 6,002 | 6,826 | 11,781 | 15,012 | 24,373 |
| EBITA, % | 6.6 | 7.4 | 6.3 | 7.9 | 6.8 |
| Operating profit (EBIT) | 4,388 | 5,335 | 8,543 | 12,031 | 18,410 |
| EBIT, % | 4.8 | 5.8 | 4.6 | 6.3 | 5.1 |
| Basic earnings per share, EUR | 0.10 | 0.13 | 0.19 | 0.29 | 0.41 |
| Equity ratio, % | 38.4 | 38.2 | 38.4 | 38.2 | 40.5 |
| Operating cash flow | 6,946 | 8,973 | 11,959 | 17,028 | 30,961 |
| ROCE, % | 8.3 | 10.8 | 8.2 | 12.0 | 9.4 |
| Personnel at end of the period | 3,870 | 3,900 | 3,870 | 3,900 | 3,803 |
President and CEO Juha Näkki:
The second quarter of the year was short and still a difficult period for us. The escalation of the trade war further slowed down our customers' decision-making on new investments, and even some projects that had already been agreed upon were postponed or canceled. Only the demand from the defense industry and the energy industry remained at the previous level. As a result, the demand situation weakened further, contrary to our expectations, and we had to issue a profit warning and adjust our financial guidance downwards.
We again implemented new adaptation measures during the review period, which caused significant non-recurring costs and weakened our profitability. We have now adapted our organizational structure to a level that enables us to operate even in the prevailing uncertain and unpredictable market environment. We will continue to look after our operational efficiency, but we expect non-recurring costs to drop to a clearly lower level in the second half of the year.
We continued to invest in the development of our service offering and the implementation of our strategy. New service solutions improve our competitiveness and deliver significant benefits to our customers. Investments in artificial intelligence delivered results in particular, and we succeeded in doubling the share of revenue derived from AI-driven service solutions to four percent. We saw positive development in the Technical Communication and Data Solutions service area in particular. The result is encouraging and creates a foundation for growth and improving profitability in the future.
We enter the second half of the year in a highly uncertain situation. The emerging trade agreement between the EU and the United States may improve the situation, but its impact on the current year is very difficult to assess at this point. Nevertheless, we will continue the implementation of our strategy with determination, and we expect our business to develop positively as the implementation of the strategy progresses.
Market outlook 2025
The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. Due to geopolitical tensions and the trade war, market uncertainty increased further. The increased uncertainty has further slowed down customers' investment decisions, and even projects that have already started are being suspended, postponed or even canceled. This weakens our demand situation and makes it very challenging to predict the market situation. Investments in the defense industry continue to increase, and investments in the energy industry are at a moderate level. In our other customer industries, investments are at a low level and the demand situation is difficult at present.
Financial guidance 2025
Etteplan issued a profit warning on July 28, 2025, and lowered its previous estimate of revenue and operating profit (EBIT) for 2025.
Current financial guidance for 2025:
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2025 is estimated to be EUR 365-385 (2024: EUR 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 19-24 (2024: 18.4) million.
Previous financial guidance for 2025 (May 5, 2025):
Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and issues the following estimate:
Revenue in 2025 is estimated to be EUR 365-395 (2024: 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 23-28 (2024: 18.4).
Disclosure procedure
This stock exchange release is a summary of Etteplan's January-June 2025 Half Year Financial Report. The complete Half Year Financial Report is attached to this stock exchange release in pdf format and is also available on Etteplan's website at www.etteplan.com.
Conference call and live webcast today, August 6, 2025
Etteplan's President and CEO Juha Näkki will present the Company's results for January-June 2025 in a conference call and a live webcast, held in English language, on August 6, 2025 starting at 2.30 p.m. (EEST).
Questions can be asked in Finnish and in English after the President and CEO's presentation only through conference call connection. Participants must register through this link https://palvelu.flik.fi/teleconference/?id=50051397 to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q2-2025. The webcast starts at 2.30 p.m. (EEST). A recording of the webcast will be later available at www.etteplan.com.
Espoo, August 6, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Investor News, July 30, 2025, at 1.00 p.m.
Etteplan's January-June 2025 half year financial report to be published on August 6, 2025
Etteplan Oyj will publish its January-June 2025 half year financial report on Wednesday August 6, 2025 at approximately 1.00 p.m. (EEST). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com after the publishing.
Conference call and live webcast
Etteplan's President and CEO Juha Näkki will present the Company's result for January-June 2025 in a conference call and a live webcast, held in English language, on August 6, 2025 starting at 2.30 p.m. (EEST).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://palvelu.flik.fi/teleconference/?id=50051397 to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q2-2025. The webcast starts at 2.30 p.m. (EEST). A recording of the webcast will be later available at www.etteplan.com.
Espoo, July 30, 2025
Etteplan Oyj
For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release/Insider information, July 28, 2025, at 4.45 p.m. EEST
Profit warning - Etteplan lowers its guidance for 2025 and provides preliminary information on its second quarter financial results
In its interim report published on May 5, 2025, Etteplan estimated its revenue to be EUR 365-395 million (2024: 361.0) and operating profit (EBIT) to be EUR 23-28 million (2024: 18.4).
Etteplan is lowering its previous estimate of revenue and operating profit (EBIT) for 2025 due to uncertainty in market demand and weaker-than-expected business development. According to the new estimate, revenue is estimated to be EUR 365-385 million and operating profit (EBIT) to be EUR 19-24 million.
Etteplan provides preliminary information on its revenue and operating profit (EBIT) for the second quarter. The revenue is estimated to be approximately EUR 91.4 million and the operating profit (EBIT) approximately EUR 4.4 million. The figures are unaudited.
The negative development of Etteplan's outlook is affected by the high geopolitical tensions and the trade war as well as the resulting increase in market uncertainty.
"The trade war has further slowed down customers' decision-making on new projects, and even projects that have already been agreed upon have been suspended, postponed or even canceled due to uncertainty. Due to the weak market situation, our revenue and profitability will fall short of our previously estimated levels and we will have to lower our guidance. The emerging trade agreement between the EU and the United States may improve the situation, but its impact on the current year is very difficult to assess at this point," says Etteplan's President and CEO Juha Näkki.
Etteplan's half-year financial report for January-June 2025 will be published on Wednesday, August 6, 2025.
Espoo, July 28, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. + 358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
Stock exchange release, June 23, 2025, at 11.30 a.m. EEST
Changes in Etteplan Oyj's Management Group
Master of Philosophy (Computer Science) Harri Saikkonen has been appointed as the Senior Vice President, Software and Embedded Solutions service area of the technology services company Etteplan Oyj and a member of the Etteplan Oyj's Management Group as of 1st September 2025. Saikkonen most recently worked as the CEO of the Nordic and Baltic countries of the technology company Atos. He also has previous experience in international management positions at Tieto and TietoEnator. In his new position at Etteplan, Harri Saikkonen will report to President and CEO Juha Näkki.
"I would like to warmly welcome Harri Saikkonen to Etteplan and to the Management Group. Our Software and Embedded Solutions service area is an important growth area as the importance of digitalization, artificial intelligence and data increases in industry. Harri Saikkonen's diverse and extensive experience in international technology companies, business growth and change management provides a good foundation to move forward with the development of the service area and the implementation of Etteplan's artificial intelligence (AI) -driven strategy," says Juha Näkki, President and CEO of Etteplan.
Tero Leppänen, the current SVP of the Software and Embedded Solutions service area, will continue his career outside of Etteplan. "I would like to thank Tero Leppänen for his good work at Etteplan and wish him success in the future," says Näkki.
Espoo, June 23, 2025
Etteplan Oyj
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Press Release, June 16, 2025, at 12:00 EEST
Etteplan and Kempower sign a four-year cooperation agreement on product testing - Etteplan makes further investments in its test laboratory in Jyväskylä, Finland
Technology service company Etteplan and Kempower, a developer of charging solutions for electric vehicles, have signed a four-year cooperation agreement under which Kempower will test its products at Etteplan's test laboratory in Jyväskylä, Finland. Kempower will carry out testing for its DC fast chargers in the laboratory in Jyväskylä.
To support the collaboration, Etteplan continues to invest in its test laboratory located in Aholaita area in Jyväskylä, Finland which was opened in autumn 2024. The new round of investment will further increase the laboratory's capacity and strengthen its position as one of the most significant and versatile testing environments in Finland. The laboratory offers customers comprehensive capabilities for testing electrical and electronic products under demanding conditions.
"This kind of cooperation agreement is a great vote of confidence in the expertise and quality of our Jyväskylä test laboratory. With this new investment, our testing capabilities will be further enhanced, making us an exceptionally capable testing site for power electronics," says Timo Kallinen, Director, Product Verification at Etteplan.
Etteplan's test laboratory enables customer companies to conduct a wide range of physical tests on their devices and products. The laboratory offers a broad portfolio of testing services, including electromagnetic compatibility (EMC) and radio frequency (RF) testing, as well as various antenna, environmental, and product safety tests. The facility also houses one of Northern Europe's largest vibration testers, which can be used to test the vibration resistance of products during transport or throughout their lifecycle, and a five-meter EMC chamber that allows for the testing of large industrial equipment.
One of the laboratory's unique features is its ability to provide a three-phase power supply of up to 630 amperes for the devices under test. This enables the testing of very high-power devices - a capability that only a few test laboratories in Finland can offer.
"Testing is a critical part of our product development, and Etteplan's test laboratory provides us with the flexibility and versatility to verify the compliance of our products. This strongly supports our product development and growth strategy," says Antti Kärkkäinen, Vice President, Product Development at Kempower.
Further information:
Timo Kallinen, Director, Product Verification, Etteplan, timo.kallinen@etteplan.com, tel. +358 40 700 4482
Paula Savonen, VP, Brand and Communications, Kempower, paula.savonen@kempower.com, tel. +358 400 343 851
Outi Torniainen, SVP, Marketing and Communications, Etteplan, outi.torniainen@etteplan.com, tel. +358 10 307 3302
Etteplan Oyj, Stock Exchange Release, May 14, 2025, at 4.00 p.m. EEST
Etteplan Oyj - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Riku Riikonen
Position: Other senior manager
Issuer: Etteplan Oyj
LEI: 7437006I5533R06JU690
Notification type: INITIAL NOTIFICATION
Reference number: 108389/4/4
____________________________________________
Transaction date: 2025-05-13
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: DISPOSAL
Transaction details
(1): Volume: 2133 Unit price: 11.2 EUR
(2): Volume: 220 Unit price: 11.05 EUR
Aggregated transactions (2):
Volume: 2353 Volume weighted average price: 11.18598 EUR
Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan Oyj, Stock Exchange Release, May 7, 2025, at 4.00 p.m. EEST
Etteplan Oyj - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Robert Ingman
Position: Member of the Board/Deputy member
Issuer: Etteplan Oyj
LEI: 7437006I5533R06JU690
Notification type: INITIAL NOTIFICATION
Reference number: 107152/8/10
____________________________________________
Transaction date: 2025-05-06
Venue: CEUX
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: ACQUISITION
Transaction details
(1): Volume: 360 Unit price: 10.6 EUR
Aggregated transactions (1):
Volume: 360 Volume weighted average price: 10.6 EUR
____________________________________________
Transaction date: 2025-05-06
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: ACQUISITION
Transaction details
(1): Volume: 42 Unit price: 10.4 EUR
(2): Volume: 534 Unit price: 10.45 EUR
(3): Volume: 14 Unit price: 10.55 EUR
(4): Volume: 1550 Unit price: 10.6 EUR
Aggregated transactions (4):
Volume: 2140 Volume weighted average price: 10.55832 EUR
____________________________________________
Transaction date: 2025-05-06
Venue: DHEL
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: ACQUISITION
Transaction details
(1): Volume: 1000 Unit price: 10.375 EUR
Aggregated transactions (1):
Volume: 1000 Volume weighted average price: 10.375 EUR
____________________________________________
Transaction date: 2025-05-06
Venue: SGMU
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: ACQUISITION
Transaction details
(1): Volume: 1500 Unit price: 10.375 EUR
Aggregated transactions (1):
Volume: 1500 Volume weighted average price: 10.375 EUR
Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ Interim Report May 5, 2025, at 1.00 p.m. (EEST)
ETTEPLAN Q1 2025: Increased uncertainty affected demand
Key points January-March 2025
- The Group's revenue decreased by 2.3 percent and was EUR 94.9 million (1-3/2024: EUR 97.1 million). At comparable exchange rates, revenue decreased by 2.5 percent.
- Operating profit (EBITA) decreased by 29.4 percent and was EUR 5.8 (8.2) million, or 6.1 (8.4) percent of revenue.
- Operating profit (EBIT) decreased by 37.9 percent and was EUR 4.2 (6.7) million, or 4.4 (6.9) percent of revenue.
- The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in January-March was EUR -1.3 (-0.2) million.
- Operating cash flow declined and was EUR 5.0 (8.1) million.
- Basic earnings per share were EUR 0.09 (0.16).
- Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and estimates that revenue in 2025 will be EUR 365-395 (2024: 361.0) million, and operating profit (EBIT) in 2025 will be EUR 23-28 (2024: 18.4) million.
Etteplan also monitors non-IFRS performance measures because they provide additional information on Etteplan's development. More information on performance measures is provided at the end of the release.
Key figures
| EUR 1,000 | 1-3/2025 | 1-3/2024 | 1-12/2024 |
| Revenue | 94,868 | 97,118 | 361,020 |
| Operating profit (EBITA) | 5,779 | 8,185 | 24,373 |
| EBITA, % | 6.1 | 8.4 | 6.8 |
| Operating profit (EBIT) | 4,155 | 6,695 | 18,410 |
| EBIT, % | 4.4 | 6.9 | 5.1 |
| Basic earnings per share, EUR | 0.09 | 0.16 | 0.41 |
| Equity ratio, % | 38.7 | 39.2 | 40.5 |
| Operating cash flow | 5,013 | 8,056 | 30,961 |
| ROCE, % | 7.8 | 13.3 | 9.4 |
| Personnel at end of the period | 3,918 | 3,847 | 3,803 |
President and CEO Juha Näkki:
The first quarter of the year was unpredictable and political tensions were very high. The market situation at the beginning of the year was weak, and our customers' decision-making remained slow. Compared to the corresponding period in the previous year, the demand situation was substantially worse and our revenue decreased. The weak market situation and significant non-recurring expenses also led to a decline in our profit performance. In particular, the result of the Technical Communication and Data Solutions service area was weak. We had to continue to implement adaptation measures and made changes in our organization to improve our ability to execute our new strategy. Other non-recurring expenses were incurred from an acquisition and a significant credit loss in Germany.
During the review period, we nevertheless saw slight signs of a recovery in Europe in orders received by our customers, which also led to new investments getting started to some extent. This was reflected in slightly better demand in some of our customer industries. In Finland, for example, the number of our temporary layoffs decreased towards the end of the review period. In China, the market situation remained good. However, the development of the trade war cast a new shadow on the emerging recovery of the market situation at the end of the review period, and we have already seen some postponements and cancellations of investment decisions.
Uncertainty in the markets is now at an unprecedented level. In this situation, the only thing we can do is to focus strongly on the implementation of our strategy and direct our sales efforts to the customer industries in which we see opportunities also in the future, such as the defense industry and the energy industry. In spite of the uncertainty, we do not expect the demand situation to deteriorate further from the current low level. Even after a prolonged downturn, the wheels of industry must keep turning, and prepare for the potential improvement of the market situation at some stage. The timing of the improvement is impossible to predict at this time, but we are ready to accelerate growth as soon as the opportunity presents itself.
Market outlook 2025
The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. Uncertainty has again increased in the markets due to geopolitical tensions and the global political situation. During the first quarter of the year, the market situation already showed slight signs of a recovery, until the development of the trade war increased uncertainty in the markets and weakened our demand outlook. In the changed global situation, investments related to the defense industry continue to increase, and investments in the energy industry are at a moderate level. In our other customer industries, the uncertainty in the operating environment makes it considerably more difficult for our customers to make investment decisions and keeps the demand situation at a low level. Predicting the market situation is very difficult at this time but, in spite of everything, we do not expect the demand situation to deteriorate from its current level in 2025.
Financial guidance 2025
Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and issues the following estimate:
Revenue in 2025 is as estimated to be EUR 365-395 (2024: 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 23-28 (2024: 18.4) million.
Previous financial guidance 2025 (February 12, 2025)
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2025 is estimated to be EUR 365-400 (2024: 361.0) million, and
operating profit (EBIT) in 2025 is estimated to be EUR 23-30 (2024: 18.4) million.
Disclosure procedure
This stock exchange release is a summary of Etteplan's January-March 2025 Interim Report. The complete Interim Report is attached to this stock exchange release in pdf format and is also available on Etteplan's website at www.etteplan.com.
Conference call and live webcast today, May 5, 2025
Etteplan's President and CEO Juha Näkki will present the Company's results for January-March 2025 in a conference call and a live webcast, held in English language, on May 5, 2025 starting at 2.30 p.m. (EEST).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q1-2025/dial-in to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q1-2025. The webcast starts at 2.30 p.m. (EEST). A recording of the webcast will be available later at www.etteplan.com.
Espoo, May 5, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com.
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Investor News, April 28, 2025, at 1.00 p.m.
Etteplan's January-March 2025 interim report to be published on May 5, 2025
Etteplan Oyj will publish its January-March 2025 interim report on Monday May 5, 2025 at approximately 1.00 p.m. (EEST). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com after the publishing.
Conference call and live webcast
Etteplan's President and CEO Juha Näkki will present the Company's result for January-March 2025 in a conference call and a live webcast, held in English language, on May 5, 2025 starting at 2.30 p.m. (EEST).
Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://events.inderes.com/etteplan/q1-2025/dial-in to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.
Juha Näkki's presentation can be followed as a live webcast on https://etteplan.events.inderes.com/q1-2025. The webcast starts at 2.30 p.m. (EEST). A recording of the webcast will be later available at www.etteplan.com.
Espoo, April 28, 2025
Etteplan Oyj
For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Stock Exchange Release, April 8, 2025 at 2.15 p.m.
Resolutions of the organization meeting of Etteplan Oyj's Board of Directors
The Annual General Meeting of Etteplan Oyj, held on April 8, 2025, re-elected Robert Ingman, Tomi Ristimäki, Sonja Sarasvuo, and Mikko Tepponen as members of the Board of Directors. The Annual General Meeting further elected Outi Henriksson and Katri Piirtola as new members of the Board of Directors.
The Board of Directors of Etteplan Oyj has in its organization meeting subsequent to the AGM elected Robert Ingman as Chairman of the Board of Directors.
Mikko Tepponen was elected the Chairman and Robert Ingman and Katri Piirtola as members of the Nomination and Remuneration Committee of Etteplan Oyj.
Outi Henriksson was elected the Chairman and Sonja Sarasvuo and Tomi Ristimäki as members of the Audit Committee of Etteplan Oyj.
The Board has in its organization meeting evaluated the independence of the Directors according to the Finnish Corporate Governance Code. The Board has stated that all members of the Board are independent of the Company. Outi Henriksson, Katri Piirtola, Tomi Ristimäki, and Mikko Tepponen are independent of significant shareholders.
Espoo, April 8, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2777
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
ETTEPLAN OYJ, Stock Exchange Release, April 8, 2025 at 12.45
Resolutions of Etteplan Oyj's Annual General Meeting of Shareholders
The Annual General Meeting of Etteplan Oyj (the "Company") was held today, April 8, 2025, at Leonardo auditorium, Innopoli 1, Espoo, Finland.
The Annual General Meeting approved the financial statements and discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2024.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to pay a dividend of EUR 0.22 per share for the financial year 2024. The remaining funds shall be left to the unrestricted equity. The dividend will be paid to shareholders registered on the record date in the Company's shareholders' register maintained by Euroclear Finland Ltd. The record date of the payment of dividend is April 10, 2025 and the dividend shall be paid on April 17, 2025.
In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting resolved that the Board of Directors shall consist of six (6) members.
In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting resolved that the annual remuneration of the Board of Directors remain the same as previous year and shall be EUR 42,000 for each member of the Board and EUR 84,000 for the Chairman.
Additionally, the Annual General Meeting resolved on the remuneration of the Board of Directors, its Nomination and Remuneration Committee and Audit Committee per meeting as follows:
The Board of Directors
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
Nomination and Remuneration Committee
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
Audit Committee
Chairman EUR 1,200 per meeting
Members EUR 600 per meeting
In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting re-elected Robert Ingman, Tomi Ristimäki, Sonja Sarasvuo and Mikko Tepponen as members of the Board of Directors. The Annual General Meeting further elected Outi Henriksson and Katri Piirtola as new members of the Board of Directors.
KPMG Oy Ab, Authorized Public Accountants, with Authorized Public Accountant Kim Järvi as the main responsible auditor, was elected as the Company's auditor. The auditor's fees were resolved to be paid according to invoice approved by the Company.
KPMG Oy Ab was elected as the Company's sustainability reporting assurance provider for the financial period 2025. The sustainability reporting assurance provider's fees were resolved to be paid according to invoice approved by the Company.
The Annual General Meeting resolved to amend the Articles of Association of the Company as follows, and the numbering of the articles was resolved to be changed to reflect the amendments:
A new article on the sustainability reporting assurance provider be added to the Articles of Association.
The new article 8 reads as follows:
A sustainability reporting assurance provider is elected for the Company.
The term of the sustainability reporting assurance provider is the financial year and his/her duties shall end at the close of the first Annual General Meeting following his/her election.
The article on the Annual General Meeting be amended and the election of the sustainability reporting assurance provider be added on the Annual General Meeting agenda.
The new article 9 reads as follows:
Annual General Meeting
The shareholders' meeting shall be held in the Company's domicile or in Lahti, Vantaa or in Helsinki as decided by the Board of Directors of the Company.
The Annual General Meeting shall be held each year no later than 30 June and the agenda shall include:
1. opening of the meeting
2. election of a chairman of the meeting
3. establishment of a quorum and of the legality of the meeting
4. election of scrutinizer of the minutes
5. presentation of financial statements, including consolidated financial statements, and an annual report
6. presentation of the auditor's report
7. approval of the financial statements
8. decision upon actions to be taken arising from the profit shown in the approved balance sheet
9. granting of discharge from liability to the Board of Directors and the Managing Director
10. decision upon the number of members of the Board of Directors and their emoluments as well as the fee for the auditor
11. election of the members of the Board of Directors
12. election of a regular auditor and a deputy auditor
13. election of a sustainability reporting assurance provider
14. handling of other business mentioned in the notice of the meeting
15. closing of the meeting
The Annual General Meeting authorized the Board of Directors to resolve on the repurchase of the Company's own shares in one or more tranches using the Company's unrestricted equity. A maximum of 2,000,000 shares in the Company may be repurchased. The Company may deviate from the obligation to repurchase shares in proportion to the shareholders' current holdings, i.e., the Board has the right to decide on a directed repurchase of the Company's own shares.
The authorization includes the right for the Board to resolve on the repurchase of the Company's own shares through a tender offer made to all shareholders on equal terms and conditions and at the price determined by the Board, or in public trading organized by the NASDAQ OMX Helsinki Ltd at the market price valid at any given time, so that the Company's total holding of own shares does not exceed ten (10) percent of all the shares in the Company.
The minimum price for the shares to be repurchased is the lowest market price quoted for the shares in the Company in public trading and, correspondingly, the maximum price is the highest market price quoted for the shares in the Company in public trading during the validity of the authorization.
Should the shares in the Company be repurchased in public trading, such shares will not be purchased in proportion to the shareholders' current holdings. In that case there must be a weighty financial reason for the Company to repurchase its own shares. The shares may be repurchased in order to be used as consideration in potential acquisitions or in other structural arrangements. The shares may as well be used for carrying out Company's incentive schemes for its personnel. The repurchased shares may be retained by the Company, invalidated or transferred further.
The repurchase of the Company's own shares will reduce the non-restricted equity of the Company.
The authorization is valid for eighteen (18) months from the date of the resolution of the Annual General Meeting starting on April 8, 2025 and ending on October 7, 2026. The authorization will replace the corresponding previous authorization.
The Annual General Meeting authorized the Board of Directors to resolve on the issuance of a maximum of 2,000,000 shares through issuance of shares, option rights or other special rights entitling to shares under Chapter 10, Section 1 of the Finnish Companies Act in one or more issues. The authorization includes a right to issue new shares or assign Company's own shares held by the Company.
The authorization includes a right to deviate from the existing shareholders' pre-emptive subscription right as set forth in Chapter 9, Section 3 of the Finnish Companies Act. Therefore, the Board of Directors has a right to direct the share issue, or issuance of the option rights or other special rights entitling to shares. The authorization includes also a right to determine on all the terms of share issue, option rights or other special rights entitling to shares. The authorization includes therefore a right to determine on share subscription prices, persons entitled to subscribe the shares and other terms and conditions applicable to the subscription. In order to deviate from the shareholders' pre-emptive subscription right, the Company must have a substantial financial reason such as financing of a company acquisition, other arrangement in connection with the development of the Company's business or equity or an incentive scheme to the personnel. In connection of the share issuance the Board of Directors is entitled to decide that the shares may be subscribed against contribution in kind or otherwise under special terms and conditions. The authorization includes a right to determine whether the subscription price will be entered into the share capital or into the reserve of invested non-restricted equity.
The authorization is valid for eighteen (18) months from the date of the resolution of the Annual General Meeting starting on April 8, 2025 and ending on October 7, 2026. The authorization will replace the corresponding previous authorization.
Espoo, April 8, 2025
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2777
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Equity Research Disclaimer
These research reports have been prepared by Evli Research Partners Plc (“ERP” or “Evli Research”). ERP is a subsidiary of Evli Plc.
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Company Facts
Guidance
Revenue in 2026 is estimated to be EUR 360-380 (2025: 361.4) million, and operating profit (EBIT) in 2026 is estimated to be EUR 19-25 (2025: 17.9) million.
Financial targets
Growth: revenue more than EUR 500m in 2027, of which 35% derived from AI-driven service solutions developed by Etteplan. Profitability: >10% operating profit (EBITA) of revenue. Managed Services: 75% of revenue represented by Managed Services by the end of 2027.
Share price (EUR)
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