Etteplan

Etteplan Oyj, Stock Exchange Release, March 18, 2025 at 11.00 a.m. (EET)

Etteplan's Annual Report 2024 has been published

Etteplan's Annual Report 2024 has been published today in Finnish and English. This year's report, titled `Forward Focus', 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 2024 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 2025 will be held on Tuesday, April 8, 2025 in Espoo.

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, March 13, 2025, at 3.30 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 Tuesday April 8, 2025 starting at 11:00 a.m. 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 10:30 a.m.

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 2024, 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 2024. 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 10, 2025. The dividend is proposed to be paid on April 17, 2025.

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, Tomi Ristimäki, Sonja Sarasvuo and Mikko Tepponen to the Board of Directors. The Nomination and Remuneration Committee further proposes that the Annual General Meeting elect Outi Henriksson and Katri Piirtola as new members to the Board of Directors. All proposed members have given their consent to the election. More information on the proposed members is available on Etteplan Oyj's website www.etteplan.com. Matti Huttunen and Päivi Lindqvist have informed the Company that they are no longer available for re-election.

14.     Election of the Auditor and resolution on the remuneration of the Auditor

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. Kim Järvi 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 2025.

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.

16.     Amendment of the Articles of Association

The Board proposes that the Articles of Association of the Company be amended as follows, and the numbering of the articles 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

17.     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) per cent 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 8, 2025 and ending on October 7, 2026. The authorization will replace the corresponding previous authorization.

18.     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 8, 2025 and ending on October 7, 2026. The authorization will replace the corresponding previous authorization.

19.     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 18, 2025. 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 22, 2025 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 27, 2025 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 3, 2025 at 10.00 a.m. Finnish time either by mail to Etteplan Oyj, Annual General Meeting 2025, 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 27, 2025, 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 3, 2025 at 10.00 a.m. 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 3, 2025 at 10.00 a.m.

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 13, 2025, 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 13, 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, Press release, March 3, 2025 at 11.00 a.m. (EET)

Etteplan and TheStorage collaborate on an innovative sand battery technology project

The technology service company Etteplan is carrying out subcontracted plant design work for TheStorage's first renewable energy Proof of Concept heat storage project, which aims to support the electrification of heat production in the industry. The collaboration is part of TheStorage's product development program, which seeks to offer a future cost-effective, grid-scale energy storage solution that is capable of discharging heat, steam, or CHP (Combined Heat & Power) using sand battery technology.

TheStorage specializes in developing and manufacturing energy storage systems that enable the flexible electrification of industrial heat production. These systems allow industrial processes requiring high temperatures to transition to fossil-free operations by utilizing stored, affordable, and emission-free renewable energy, resulting in significant cost savings.

The Proof of Concept system is a mobile test device that will be evaluated in various applications with multiple customers. Depending on the customer's needs, the stored heat can be discharged as hot water, steam, hot oil, or air.

"We are honored to support our customer TheStorage in their new and innovative sand battery technology project. With our expertise in technical plant operations, we can contribute to our customer's success in their first projects. Our extensive network enables collaboration among the most competent professionals in various fields, and our close cooperation will certainly prove beneficial to our customer in this project. Our goal is, of course, to continue the collaboration with TheStorage in the future," says Petri Järvenpää, Area Manager of Plant Engineering at Etteplan Tampere.

"We chose Etteplan as our design partner because of their versatile and extensive expertise. Etteplan had the know-how for every design area we needed. Etteplan efficiently addressed our design needs and was not deterred by the tight schedule of our project. Our goal is to successfully complete the project and continue our excellent cooperation in the future," says Timo Siukkola, CEO of TheStorage.

Etteplan's design and procurement services are currently in full swing, and the construction of the Proof of Concept system has already begun. The goal is for the mobile test device to be in the testing and commissioning phase by May 2025.

For more information, please contact:
Petri Järvenpää, Area Manager, Tampere Plant, Etteplan, tel. +358 50 561 1452
Timo Siukkola, CEO, Buffer Solutions Oy / TheStorage, tel. +358 40 542 7949
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302

Buffer Solutions Oy / TheStorage in brief
TheStorage is an innovative technology startup founded in 2023. The company specializes in the development and manufacturing of grid-scale energy storage solutions. The company's advanced sand battery enables the flexible charging and discharging of renewable energy for industrial heat production. This technology allows heat production processes to become emission-free while also reducing costs. The company has secured €2 million in funding for product development and is evaluating its solution with customers during 2025. More information: https://www.thestorage.fi  

Etteplan Oyj, Stock Exchange Release, February 25, 2025, at 4.00 p.m. EET

Etteplan Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Ingman Group Oy Ab
Position: Closely associated person

(X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer
Name: Robert Ingman
Position: Member of the Board

Issuer: Etteplan Oyj
LEI: 7437006I5533R06JU690

Notification type: INITIAL NOTIFICATION
Reference number: 97595/4/4
____________________________________________

Transaction date: 2025-02-24
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 60000 Unit price: 10.625 EUR
(2): Volume: 30000 Unit price: 10.625 EUR

Aggregated transactions (2):
Volume: 90000 Volume weighted average price: 10.625 EUR
 

Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com


 

ETTEPLAN OYJ Financial Statement Review February 12, 2025 at 1.00 p.m. (EET)

Etteplan 2024: In a difficult market situation, we prepared for future growth

Key points October-December 2024

• The Group's revenue decreased by 4.1 percent and was EUR 91.3 million (10-12/2023: EUR 95.2 million).
• Operating profit (EBITA) decreased by 32.7 percent and was EUR 6.4 (9.6) million, or 7.1 (10.0) percent of revenue.
• Operating profit (EBIT) decreased by 39.6 percent and was EUR 5.0 (8.2) million, or 5.4 (8.6) percent of revenue.
• The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in October-December was EUR -0.9 (-0.2) million.
• Operating cash flow improved and was EUR 14.2 (12.6) million.
• Basic earnings per share was EUR 0.12 (0.24).

Key points January-December 2024   

• The Group's revenue increased by 0.3 percent and was EUR 361.0 million (1-12/2023: EUR 360.0 million).
• Operating profit (EBITA) decreased by 21.1 percent and was EUR 24.4 (30.9) million, or 6.8 (8.6) percent of revenue.
• Operating profit (EBIT) decreased by 27.9 percent and was EUR 18.4 (25.5) million, or 5.1 (7.1) percent of revenue.
• Operating cash flow declined and was EUR 31.0 (35.6) million.
• The combined effect of non-recurring items on operating profit (EBITA) and operating profit (EBIT) in January-December was EUR -3.0 (-1.7) million.
• Basic earnings per share was EUR 0.41 (0.66).
• The Board of Directors' dividend proposal is EUR 0.22 (0.30) 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.

President and CEO Juha Näkki:

The year 2024 was a very difficult period for us. Orders received by our customers, and their order backlogs, were generally on a declining trend throughout the year, and very few decisions on new investments were made in the highly uncertain market situation. This led to a weakening of the demand situation in all four quarters. The defense industry and the energy industry were the only customer industries that saw positive development. In Europe, the Finnish and German markets were particularly challenging, but demand was also weak in other markets. The Chinese market developed in the opposite direction in the second half of the year. The demand situation in China improved substantially, which supported the development of our business.

In a challenging market situation, our organic revenue decreased, but we achieved slight growth in total revenue supported by acquisitions. Our extensive adaptation measures, which continued in the fourth quarter, had a significant negative impact on our operating profit, which was modest for the year. Nevertheless, the adaptation measures were effective, as operational profitability in the fourth quarter improved across all of our service areas when compared to the preceding quarters. We were successful in managing our cash flow in the challenging situation, and our operating cash flow was at a good level throughout the year.

During the year, we continued to develop the company and invested in future growth. We acquired two companies, invested in the development of our service offering and implemented our first AI-powered service solutions for our customers. We also strengthened our cost competitiveness by acquiring a minority stake in the Bangladesh-based company BJIT. We worked on our strategy during the year and, at the end of the year, we published our updated strategy and strategic targets. Our updated strategy, which is strongly driven by artificial intelligence, will guide our operations over the next three years. We will transform as a company and again create new added value for our customers with the help of new technologies and AI.

Although we had to make difficult decisions in 2024, our organization was able to perform well even in difficult situations, and I would like to take this opportunity to thank everyone for their perseverance and good work. After the difficult decisions, we are ready to move forward and implement our new strategy. We enter 2025 in a market situation that is still difficult, but we got off to a strong start by acquiring Germany-based Novacon Powertrain in January. We also expect our customers' investments to get started, and we anticipate that the demand situation will improve over the course of the year. Consequently, we expect a clear year-on-year improvement in both revenue and operating profit.

Market outlook 2025

The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. Uncertainty is continuing in the markets due to geopolitical tensions and the global political situation. Order backlogs are generally on a downward trend, which affects our customers' willingness to invest and keeps our demand situation at a modest level at the start of 2025. Investments related to the defense industry are continuing at a good level, while investments related to the energy industry are at a moderate level. However, investments related to accelerating the green transition have slowed slightly. Nevertheless, we expect the market situation to take a turn for the better in 2025.

Financial guidance 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 2024 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, 2025

Etteplan's President and CEO Juha Näkki will present the Company's result for 2024 in a conference call and a live webcast, held in English language, on February 12, 2025 starting at 1.00 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://palvelu.flik.fi/teleconference/?id=50051395 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/q4-2024. The webcast starts at 1.00 p.m. (EET). A recording of the webcast will be available later at www.etteplan.com.

Espoo, February 12, 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, February 5, 2025, at 1.00 p.m.

Etteplan's Financial Statement Release for 2024 to be published on February 12, 2025

Etteplan Oyj will publish its Financial Statement Release for 2024 on Wednesday February 12, 2025 at approximately 13.00 (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 2024 in a conference call and a live webcast, held in English language, on February 12, 2025 starting at 14.30 (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://palvelu.flik.fi/teleconference/?id=50051395 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/q4-2024 . The webcast starts at 14.30 (EET). A recording of the webcast will be available later at www.etteplan.com.

Espoo, February 5, 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, Press release, January 29, 2025 at 2:45 p.m. (EET)

Etteplan's AI-Powered HyperSTE Revolutionizes Content Quality in Technical Documentation

Technology services company Etteplan launches an AI-powered version of HyperSTE to streamline compliance with writing standards and to provide better content quality in technical documentation. Etteplan's HyperSTE is an AI-powered authoring platform that helps technical writers create content that is consistent, compliant, and efficient. Technical documentation is vital, for example, for an industrial customer, as proper technical documentation increases the value of their products and ensures the products are used in the right way.

Often companies struggle to produce technical content that meets the end user's needs, is compliant, and consistent throughout all its publications. With HyperSTE's new AI capabilities, users can expect elevated technical documentation that meets rigorous industry demands, including ASD-STE100 and other technical writing standards. With HyperSTE's AI guardrails, it is possible to get AI generated suggestions to rewrite sentences that are both compliant and optimized for reuse, which can reduce time to rewrite and content review cycles by up to 75%. AI-powered HyperSTE can be integrated with several technical documentation tools.

HyperSTE is an STE software used in many industries, including engineering, medical, aerospace and defense. Simplified Technical English (STE) is a writing standard to make technical documentation easier to understand and to improve the consistency and clarity of technical content, making it more usable and effective for global audiences. 

"HyperSTE has set the standard for compliant technical documentation for over 20 years, and with the incorporation of AI, we are now pushing those standards even further. HyperSTE's AI capabilities will transform the way technical writers approach content creation, offering them not only unprecedented precision, but also better efficiency," says Risto Pukki, VP Technical Communication & Data Service Solutions at Etteplan. 

Further information on Etteplan's HyperSTE, please visit https://hyperste.ai/. 

For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
Berry Braster, Technology Director, Technical Communication & Data Service Solutions, tel. +1 806-500-9262,  berry.braster@etteplan.com
 

ETTEPLAN OYJ, Stock exchange release, December 18, 2024 at 1.30 p.m.

Etteplan is renewing its strategy and updating its financial targets

Etteplan Oyj's Board of Directors has today approved the company's renewed strategy and updated financial targets for the years 2025-2027. Both will come into effect on January 1, 2025.

Digitization, the growing importance of artificial intelligence (AI) and data, sustainability and the growing need for experts are key trends that affect the operations of both the technology service company Etteplan and its customers. The main goal of the strategy update published today is to generate even more value for our customers and accelerate the transformation and development of customers' and Etteplan's business.

"Our previous strategy has proven its effectiveness and our targets have steered us in the right direction. We have further developed our previous strategy and, in connection with the update, kept elements of the strategy that have proven to be good for us. The market around us is changing, and the importance of AI in particular is growing strongly, so we have made the utilization of AI a very central part of our renewing strategy," says Juha Näkki, President and CEO of Etteplan Oyj.

The strategy period 2025-2027 is called "Transformation with AI" and its three cornerstones are Trusted Partner, AI and Technology-Empowered Service Solutions and Success with People. 

Trusted Partner cornerstone's goal is to further increase the value gained by the customer as technology and AI develop. An even deeper partnership with our customers creates the conditions for us to utilize new technologies and AI in our customer relations to boost their sustainable growth and productivity.

A local presence close to our customers helps us to deeply understand what our customers really need and we can offer excellent customer experience. By understanding our customers' business, utilizing AI and technologies, and our extensive know-how, we can create even more value-generating service solutions and help our customers develop their own business.

AI ​​and Technology-Empowered Service Solutions cornerstone's goal is to develop service solutions that utilize the new added value generated by AI and new technologies, especially for industrial product companies and asset companies. AI and technologies, efficient processes, versatile know-how and world-class engineering methods are integrated into the service solutions.

Based on a deep understanding of our customers' needs, we offer scalable solutions that bring people and technology together and that create tangible business value for our customers. We develop services related to data management and data maintenance that enable the efficient use of AI.

The name of the cornerstone "Success with People" was kept in line with the previous strategy and thus we want to emphasize continuity and the importance of skilled personnel to our business. The goal of the cornerstone is to maintain, develop and attract top talents, with whom we will succeed in the implementation of the strategy together with our customers and partners. Our success is based on committed employees who have strong industry expertise and a passion for learning. We want to be an attractive employer for experts interested in AI and technologies.

Sources of growth

Etteplan is a growth company. Growth is generated both organically and through acquisitions. Sources of organic growth are new service solutions that utilize AI and technologies, which produce new added value for our customers. Current service solutions are also enhanced with the help of AI.

We develop 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.

The third source of organic growth is our global delivery model and the utilization of nearshoring and offshoring to ensure competitiveness in the growing global competition.

Inorganic growth is created through acquisitions. Our goal is to offer services from all three of our service areas in all of our operating countries. In our current operating countries, we aim to strengthen our expertise, expand our service offering and improve our market position in selected markets and/or customer segments through acquisitions.

"Our renewed strategy guides the utilization of the opportunities brought by AI and technologies and the development of new services, where we see significant growth potential. In particular, the importance of data as a driver of business is constantly growing, and we are introducing new service solutions for the generation and management of new data, as well as for the maintenance and use of existing data. The importance of the change is also reflected by changing the name of our Technical Communication Solutions service area to Technical Communication and Data Solutions," says Juha Näkki.

In connection with the strategy renewal, Etteplan Oyj's Board of Directors has decided to update the company's financial and strategic targets.

Etteplan's financial and strategic targets from 1 January 2025

• Growth: turnover over EUR 500 million in 2027
• Managed services: 75 percent of revenue from managed services (Managed Services Index, MSI) by the end of 2027
• Utilization of AI: AI driven solutions share of revenue 35 percent by the end of 2027
• Profitability: Operating profit (EBITA) over 10 percent

In Espoo, December 18, 2024

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 Interim Report October 31, 2024, at 1.00 p.m.

ETTEPLAN Q3 2024: More difficult quarter than expected

• The Group's revenue was at the same level as the previous year at EUR 80.0 million (7-9/2023: EUR 80.0 million). At comparable exchange rates, revenue decreased by 0.2 percent.
• Operating profit (EBITA) decreased by 53.8 percent and was EUR 2.9 (6.3) million, or 3.7 (7.9) percent of revenue.
• Operating profit (EBIT) decreased by 71.3 percent and was EUR 1.4 (5.0) million, or 1.8 (6.2) percent of revenue.
• Operating cash flow decreased and was EUR -0.3 (7.1) million.
• Basic earnings per share were EUR 0.00 (0.10).
• Etteplan released a profit warning on August 28, 2024, and a second profit warning on October 15, 2024. According to the new estimate, the revenue is estimated to be EUR 355-370 million and operating profit (EBIT) to be EUR 18-22 million. The factors behind the profit warnings are the sharper-than-expected weakening of market demand and significant non-recurring costs.

• The Group's revenue increased by 1.9 percent and was EUR 269.7 million (1-9/2023: EUR 264.8 million). At comparable exchange rates, revenue increased by 1.6 percent.
• Operating profit (EBITA) decreased by 15.9 percent and was EUR 17.9 (21.3) million, or 6.6 (8.1) percent of revenue.
• Operating profit (EBIT) decreased by 22.4 percent and was EUR 13.5 (17.3) million, or 5.0 (6.5) percent of revenue.
• Operating cash flow decreased and was EUR 16.8 (23.0) million.
• Basic earnings per share were EUR 0.29 (0.43).

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 7-9/2024 7-9/2023 1-9/2024 1-9/2023 1-12/2023
Revenue 79,964 79,961 269,705 264,763 359,951
Operating 2,923 6,332 17,935 21,322 30,883
profit (EBITA)
EBITA, % 3.7 7.9 6.6 8.1 8.6
Operating 1,426 4,967 13,457 17,340 25,540
profit (EBIT)
EBIT, % 1.8 6.2 5.0 6.5 7.1
Basic earnings 0.00 0.10 0.29 0.43 0.66
per share, EUR
Equity ratio, % 40.2 39.3 40.2 39.3 40.9
Operating cash -0,261 7,087 16,767 22,985 35,571
flow
ROCE, % 3.3 10.0 9.2 12.2 13.3
Personnel at 3,870 4,010 3,870 4,010 3,902
end of the
period

President and CEO Juha Näkki:

Our business is suffering from the current investment slump, and the third quarter was very difficult for us. The market situation weakened throughout the review period, contrary to our expectations, and we had to lower our guidance twice: first at the end of August and again in mid-October. New investment projects were started at a very slow pace, and our customers focused mainly on cost-saving measures.

Our revenue remained at the same level as the previous year due to acquisitions, but in the difficult situation our revenue decreased organically. The market situation was particularly difficult in Finland and Germany, but the demand situation was also challenging elsewhere in Europe. In China, the trend of purchasing services developed favorably, and we managed to significantly increase the number of hours sold to the Chinese market.

As the market situation weakened, our operational efficiency declined and we had to implement new adaptation measures to improve efficiency. At the same time, we aimed to strengthen our ability to implement our new strategy for the strategic period of 2025-2027, which is currently being prepared. Adaptation measures were implemented in all of our service areas. In the Engineering Solutions service area, we also decided to discontinue the Building Technology business in Germany and focus on our core business. The adaptation measures caused significant non-recurring costs that had a negative effect on our result. The correction of an unfortunate accounting error in Sweden further lowered our profit level, and the result was weak.

In spite of the difficult situation, we continued to invest in the development of our business and service offering. The rapid development of technology, and artificial intelligence in particular, makes it essential to continue developing new solutions. We want to stay on the leading edge of development and help our customers benefit from new technologies through our service solutions. This will be a key part of our new strategy for 2025-2027, which is currently being prepared and will be published in December 2024.

We no longer believe that the market situation will improve substantially this year. We have implemented adaptation measures, and will implement new adaptation measures in the fourth quarter, if necessary. These measures are painful, but they help us ensure the restoration of profitability and, consequently, our ability to invest in continued profitable growth when the market situation improves.  
Market outlook 2024

The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. The expansion of the conflict in the Middle East has increased geopolitical tensions, which further increases uncertainty in the markets. In addition, interest rates decreasing slower than expected and generally declining order backlogs are affecting our customers' willingness to invest and have further weakened the demand situation. Investments related to the defense industry are continuing at a good level. However, investments related to energy efficiency and accelerating the green transition, which were previously at a good level, have also slowed slightly. We expect the market situation to remain challenging throughout the rest of the year.

Financial guidance 2024 (published on October 15, 2024)

Etteplan lowered its guidance on October 15, 2024, and August 28, 2024.

According to the current estimate, issued on October 15, 2024:

Revenue in 2024 is estimated to be EUR 355-370 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 18-22 (2023: 25.5) million.

According to the estimate issued on August 28, 2024:

Revenue in 2024 is estimated to be EUR 360-375 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 24-27 (2023: 25.5) million.

According to the estimate issued in connection with the Q2 interim report on August 8, 2024:

Revenue in 2024 is estimated to be EUR 375-390 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 28-30 (2023: 25.5) million.

Disclosure procedure

This stock exchange release is a summary of Etteplan's January-September 2024 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 (https://www.etteplan.com/investors).

Conference call and live webcast today, October 31, 2024

Etteplan's President and CEO Juha Näkki will present the Company's results for January-September 2024 in a conference call and a live webcast, held in English language, on October 31, 2024 starting at 2.30 p.m. Finnish time (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://palvelu.flik.fi/teleconference/?id=50048366 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048366&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062794498%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=OUSybhi4lNzK6qNWk4zJG1eu2iZ%2Faatwb%2FIpPqJ%2B6nE%3D&reserved=0) 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.videosync.fi/q3-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq3-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062765465%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Oi7tlGn0XDnoUoLAQrB1vt8uESnTfU0A5zXvWCA9T7I%3D&reserved=0). The webcast starts at 2.30 p.m. Finnish time (EET). A recording of the webcast will be later available at www.etteplan.com (https://www.etteplan.com/investors).

Espoo, October 31, 2024

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 (https://www.etteplan.com/investors).

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Press release, October 24, 2024 at 2.00 p.m. (EEST)

Etteplan introduces rAIse - Industrial AI suite for demanding engineering 

Technology service company Etteplan introduces Etteplan rAIse, a specialized suite of industrial artificial intelligence (AI) solutions. Etteplan rAIse delivers industrial-grade AI for professional use in manufacturing, spanning from R&D to asset operations, maintenance, production, and aftermarket services. 

"We are now entering a new stage of industrial evolution," states Juha Näkki, President and CEO of Etteplan. "The development that began with the introduction of computers in R&D and factories, and continued with connected systems and increasingly automated processes, is now heading towards AI-assisted process and product design along with self-learning digital algorithms. We have developed Etteplan rAIse to help our customers reach the next level of industrial evolution."  

Etteplan rAIse offers a tailored suite of AI solutions developed by a global team of engineers, designers, and data scientists, along with providing expert-level AI consulting. Through service design, data engineering, software development, and machine learning, Etteplan rAIse addresses a multitude of industrial use cases such as compliance with design standards, content creation, product data management, spare parts data management, and master data extraction. Ensuring accuracy and cybersecurity is key in safeguarding intellectual property and user safety. 

Kuopion Energia, an energy service company has benefited from Etteplan's AI solution that enhances information management by extracting data from various drawings, enriching document management systems, and significantly reducing the time spent on information retrieval. 

"We believe that pragmatic industrial AI will empower industrial companies to solve real problems and achieve unprecedented levels of operational excellence," says Eric Tengstrand, Senior Vice President, Solutions and Technologies at Etteplan. "Those already embracing digitalization in their business will see growing advantages from utilizing AI in the coming years -through increased efficiency, innovation and developing new business models. Meanwhile, less digitally mature companies can leverage AI solutions to increase maturity and accelerate their way to achieving results."  

To learn more about Etteplan rAIse, visit our website here: https://www.etteplan.com/services/etteplan-raise-pragmatic-industrial-ai-for-smarter-businesses/

For more information, please contact:  
Eric Tengstrand, SVP, Solutions and Technologies, Etteplan, tel. +46 70 757 74 40 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302 

ETTEPLAN OYJ, Investor News, October 24, 2024, at 1.00 p.m.

Etteplan's January-September 2024 interim report to be published on October 31, 2024

Etteplan Oyj will publish its January-September 2024 interim report on Thursday October 31, 2024 at approximately 13.00 Finnish time (EET). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com (https://www.etteplan.com/investors) after the publishing.

Conference call and live webcast

Etteplan's President and CEO Juha Näkki will present the Company's result for January-September 2024 in a conference call and a live webcast, held in English language, on October 31, 2024 starting at 14.30 Finnish time (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://palvelu.flik.fi/teleconference/?id=50048366 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048366&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062794498%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=OUSybhi4lNzK6qNWk4zJG1eu2iZ%2Faatwb%2FIpPqJ%2B6nE%3D&reserved=0) 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.videosync.fi/q3-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq3-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062765465%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Oi7tlGn0XDnoUoLAQrB1vt8uESnTfU0A5zXvWCA9T7I%3D&reserved=0). The webcast starts at 14.30 Finnish time (EET). A recording of the webcast will be available later at www.etteplan.com (https://www.etteplan.com/investors).

Espoo, October 24, 2024

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, October 17, 2024 at 3.45 p.m. (EEST)

Etteplan opens new testing laboratory in Jyväskylä - a significant investment in Finland

Technology services company Etteplan has opened a new testing laboratory in Jyväskylä, Finland. The new laboratory represents a multi-million euro investment, more than doubling the laboratory's size and test capacity compared to before.

This investment will allow Etteplan to offer more comprehensive services taking into account the requirements set for devices, international regulations, and customer needs. The laboratory is expected to receive testing projects from both Finland and abroad.

In the laboratory, companies will be able to conduct extensive testing of various devices and items using different physical tests. These include environmental testing, antenna testing, and product safety testing. The laboratory also features one of the largest vibration testers in Northern Europe, which can test products for vibration resistance during transport or throughout their entire lifecycle.

"Testing is a crucial part of product development, and international standards and regulations are continuously imposing stricter requirements on devices. This laboratory investment will improve our ability to serve our customers better and help them meet these requirements," says Timo Kallinen, Director of Product Testing at Etteplan.

The need for electromagnetic compatibility (EMC) and radio frequency (RF) testing has grown, and increasingly larger products, such as industrial equipment cabinets, are required to be tested. However, there has been limited space available for testing these devices relative to demand. In the new laboratory, testing of large industrial equipment is smoother thanks to the five-meter EMC chamber (5m SAC).

"Previously in Finland, there was only one 10-meter chamber and a few 3-meter chambers available for commercial testing. The wait times for these facilities have been long, causing companies to be unable to test their products. With our new laboratory, we can help companies secure much needed chamber time more easily and quickly," Kallinen explains.

For more information:
Timo Kallinen, Director, Product Verification, Etteplan, phone +358 40 700 4482
Outi Torniainen, SVP, Communications and Marketing, Etteplan, phone +358 10 307 3302

Etteplan Oyj, Stock Exchange Release/Insider information, October 15, 2024 at 8.00 a.m. EEST

Etteplan releases a profit warning and lowers its guidance for 2024

The revenue is expected to be EUR 355-370 million and the operating profit (EBIT) about EUR 18-22 million

In its profit warning published on August 28, 2024, Etteplan estimated its revenue for 2024 to be EUR 360-375 (2023: 360.0) million and the operating profit (EBIT) to be EUR 24-27 (2023: 25.5) million.

Etteplan is lowering its previous estimate of revenue and operating profit (EBIT) for 2024 due to the market demand and the restructuring of our business and organization.  According to the new estimate, the revenue is estimated to be EUR 355-370 million and operating profit (EBIT) to be EUR 18-22 million.

The negative development of Etteplan's outlook is affected by the continued weakening of the demand situation in Europe and particulary in Germany. Customers' decision-making on new investments is still cautious, and new investments start very slowly. As customers' order backlogs have decreased, the demand for engineering solutions related to project deliveries has also continued to decrease.

"Etteplan's business is suffering from the current investment slump. The manufacturing industry's investments in new products and production are currently very low, and decision-making remains slow, and projects are not starting as we had expected. We have already implemented adaptation measures across all our service areas to improve operational efficiency in Finland and elsewhere in Europe during the third quarter. In addition, the result of the third quarter is negatively affected by the correction of an unfortunate accounting error in Sweden. If necessary, we are preparing to continue restructuring and adaptation measures throughout the rest of the year. The measures will cause significant costs, but we want to ensure operational efficiency in the prevailing difficult market situation while also improving our ability to implement our new strategy that is being prepared," says President and CEO Juha Näkki, Etteplan Oyj.

Due to the difficult market situation, adaptation measures have been implemented in almost all European operating countries. These measures are also a preparation for the new strategic period of 2025-2027. The goal of these measures is to strengthen the ability to implement the new strategy. The strategy for 2025-2027 will be published in December 2024.

The adaptation measures will cause significant non-recurring costs in 2024. In Germany, due to the further weakened demand situation, Etteplan has decided to terminate its Building Technology business, which will cause costs and project write-downs. In addition, the correction of an accounting error in the 2024 salary entries in Sweden will have a negative impact on the third quarter result.

Etteplan's interim report for the third quarter will be released on Thursday, October 31, 2024.

Espoo, October 15, 2024

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, September 19, 2024, at 1.00 p.m.

Etteplan Oyj's financial information in 2025

Etteplan Oyj's schedule for the financial information in 2025 is the following:

Financial information for year 2024

Financial Statement Release Wednesday February 12, 2025
Financial Statements and Annual Report week 12/2025

Financial information for year 2025

Annual General Meeting 2025 Tuesday April 8, 2025
January-March 2025 Interim Report Monday May 5, 2025
January-June 2025 Half Year Financial Report Wednesday August 6, 2025
January-September 2025 Interim Report Wednesday October 29, 2025

Releases and other corporate information are available on Etteplan's website at www.etteplan.com.

Espoo, September 19, 2024

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, Stock Exchange Release/Insider information, August 28, 2024 at 10.15 a.m. EEST

Etteplan releases a profit warning and lowers its guidance for 2024

The revenue is expected to be EUR 360-375 million and the operating profit (EBIT) about EUR 24-27 million

In its half year financial report published on August 8, 2024, Etteplan estimated its revenue for 2024 to be EUR 375-390 (2023: 360.0) million and the operating profit (EBIT) to be EUR 28-30 (2023: 25.5) million.

Etteplan is lowering its previous estimate of 2024 revenue and operating profit (EBIT) due to the weaker-than-expected market demand and business development. According to the new estimate, the revenue is estimated to be EUR 360-375 million and operating profit (EBIT) to be EUR 24-27 million.

The negative development of outlook is affected by the continuation of the weak demand situation longer than expected. Customers' decision-making on new investments is still cautious, and as customer order backlogs decrease, the demand for engineering solutions related to project deliveries decreases. The demand situation is particularly challenging in the engineering solutions of the chemical industry in Germany.

"The market's uncertainty is reflecting in our business and customers' decision-making is still slow, and projects do not start according to our expectations. The reduction in the order backlogs of the manufacturing industry and the general slow recovery of the economy have weakened market demand. We still believe that the decrease in interest rates will have a positive effect on demand, but we have to wait for a turnaround," says President and CEO Juha Näkki, Etteplan Oyj.

"Due to the continuation of the weak market situation, our revenue and profitability will fall short of the level we previously estimated, and we have to lower our guidance. We have implemented new adaptation measures to improve operational efficiency in Finland and elsewhere in Europe. These measures cause costs, but this way we want to ensure a return to a profitable growth as soon as the market situation gets better," says Näkki.

Etteplan's interim report for the third quarter will be released on Thursday, October 31, 2024.
 

Espoo, August 28, 2024
 

Board of Directors

Additional information
Juha Näkki, President and CEO, tel. +358 10 3072077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com