Pressmeddelanden, rapporter och bolagsmeddelande för Etteplan Oyj

Etteplan Oyj's interim report for Q3 2024 highlighted a challenging quarter due to a global investment slump, which led to a decline in organic revenue and necessitated two downward revisions of financial guidance. The difficult market conditions were particularly pronounced in Finland and Germany, although the company saw growth in China. Operational efficiency decreased, prompting adaptation measures across service areas, including the discontinuation of the Building Technology business in Germany. These measures incurred significant non-recurring costs, negatively impacting results, which were further affected by an accounting error in Sweden. Despite these challenges, Etteplan continued to invest in business development, focusing on technology and artificial intelligence, as part of its strategy for 2025–2027. The market outlook remains uncertain due to geopolitical tensions and slower-than-expected decreases in interest rates, with continued challenges anticipated for the rest of the year. The company's revised financial guidance estimates 2024 revenue between EUR 355–370 million and operating profit between EUR 18–22 million.

Etteplan Oyj has issued a profit warning, lowering its revenue and operating profit estimates for 2024 due to weakened market demand and business restructuring. The revised revenue is projected to be EUR 355-370 million, with an operating profit of EUR 18-22 million. The company's outlook has been negatively impacted by reduced demand in Europe, especially in Germany, and slow customer decision-making on new investments. Etteplan has implemented adaptation measures across its service areas to improve efficiency and is preparing for further restructuring if necessary. The termination of its Building Technology business in Germany and an accounting error correction in Sweden have also affected financial results. These measures are in preparation for a new strategic period from 2025-2027, with the strategy set to be published in December 2024. Significant non-recurring costs are expected in 2024 due to these changes. Etteplan's interim report for the third quarter will be released on October 31, 2024.

Etteplan Oyj has announced its schedule for releasing financial information in 2025. The details will include financial information for the year 2024 and 2025, which will be available on their website. For additional information, contact Outi Torniainen, SVP of Marketing and Communications. The announcement is distributed through Nasdaq Helsinki, major media, and Etteplan's website. Etteplan is a growing technology service company focused on enhancing systems, processes, and products for greater efficiency and sustainability. In 2023, the company reported a turnover of EUR 360.0 million and employed around 4,000 professionals across several countries. Etteplan's shares are listed on Nasdaq Helsinki under the ticker ETTE.

Etteplan Oyj has issued a profit warning and revised its 2024 financial guidance downward due to weaker-than-expected market demand and business development. The company now expects revenue to be between EUR 360-375 million and operating profit (EBIT) to be around EUR 24-27 million, down from its earlier estimates of EUR 375-390 million in revenue and EUR 28-30 million in operating profit. The downturn is attributed to prolonged weak demand, particularly in the German chemical industry's engineering solutions, and cautious customer investment decisions. Etteplan has implemented new measures to improve operational efficiency in response to the challenging market conditions. The company's interim report for the third quarter will be released on October 31, 2024.

Etteplan Oyj's Half Year Financial Report for January-June 2024 reveals a challenging market situation with weakened demand and slower-than-expected decreases in interest rates. Despite these challenges, the company saw a slight increase in revenue due to acquisitions and maintained strong cash flow, though profitability remained modest. Etteplan implemented measures to improve operational efficiency and secured several outsourcing contracts, including a strategic partnership with Konoike of Japan. The company also expanded its service offerings, particularly in artificial intelligence, and made acquisitions in Sweden and Bangladesh. Etteplan's market outlook for 2024 remains cautious due to geopolitical tensions and declining order backlogs in certain industries. However, investments in defense, energy efficiency, and the green transition remain strong. The company anticipates improved demand towards the end of the year as interest rates decrease. Financial guidance for 2024 has been adjusted to the lower end of the previously communicated range, with estimated revenue of EUR 375-390 million and operating profit (EBIT) of EUR 28-30 million. A conference call and live webcast were scheduled for August 8, 2024, to discuss the results. Etteplan aims to continue its growth and improve profitability, leveraging its diverse service offerings and strategic partnerships. The company remains optimistic about future opportunities and expects the demand situation to improve later in the year.