Etteplan Oyj

Ticker/ISIN

ETTE

FI0009008650

Marknad/Land

Main Market, Helsinki

Sweden

Senaste aktiekurs

13.00 SEK

2024-03-03

Hittills i år

-0.07 %

3 månader

-0.07 %

6 månader

-0.11 %

1 år

-0.20 %

3 år

-0.20 %

5 år

0.61 %

Etteplan provides engineering services and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. Etteplan is one of the leading engineering service companies in the Nordic countries and the biggest and oldest Nordic service provider in China. Etteplan’s units in China offer a full range of engineering services for customers seeking cost-efficiency and high-quality in engineering design and offshoring. In 2014, Etteplan had turnover of EUR 131.9 million. The company has more than 1,800 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.

Senaste sammanfattade pressmeddelande

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.

Interimsrapport: ETTEPLAN Q3 2024: More difficult quarter than expected

för 25 dagar sedan

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.

Insiderinformation: Etteplan releases a profit warning and lowers its guidance for 2024

för en månad sedan

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.

Finansiell kalender: Etteplan Oyj's financial information in 2025

för 2 månader sedan

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.

Insiderinformation: Etteplan releases a profit warning and lowers its guidance for 2024

för 3 månader sedan

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.

Halvårsrapport: ETTEPLAN Q2 2024: The market situation weakened further

för 4 månader sedan

Etteplan Oyj released a stock exchange notification on June 28, 2024, regarding managers' transactions involving Mikael Vatn, a senior manager. The transactions occurred on June 26 and June 27, 2024, at NASDAQ Helsinki Ltd. On June 26, Vatn disposed of 1,757 shares at a volume-weighted average price of 12.92723 EUR per share. On June 27, he disposed of 3,243 shares at a volume-weighted average price of 12.93446 EUR per share. Etteplan is a technology service company with a 2023 turnover of EUR 360.0 million and around 4,000 employees. Its shares are listed on Nasdaq Helsinki Ltd under the ticker ETTE.

Transaktioner utförda av personer i ledande ställning: Etteplan Oyj - Managers' Transactions

för 5 månader sedan

Etteplan, a global technology service company, recently released its Q1 2024 report. The report indicated that the year started as expected, with geopolitical tensions and high interest rates causing uncertainty and slowing down new investments. However, demand in the defense and energy industries remained high. The company's revenue increased slightly, bolstered by acquisitions, notably of Strongit, which strengthens its position in Denmark. Despite this, organic revenue decreased, partly due to the Easter holidays. The company launched its renewed brand and values, reflecting its position as a leading technology service company, and continued to invest in service development, particularly artificial intelligence. The market outlook for 2024 suggests that the global development of the machinery and metal industry will significantly impact Etteplan’s business. The company expects to see an improvement in the demand situation later in the year, following potential interest rate cuts. Etteplan's estimated revenue for 2024 is between EUR 375-415 million, and operating profit is expected to be between EUR 28-34 million.

Interimsrapport: ETTEPLAN Q1 2024: The year started as expected

för 7 månader sedan

The Annual General Meeting of Etteplan Oyj, held on April 9, 2024, re-elected six members to the Board of Directors. Robert Ingman was elected as Chairman of the Board of Directors, while Matti Huttunen was chosen as the Chairman of the Nomination and Remuneration Committee, alongside Robert Ingman and Mikko Tepponen. Päivi Lindqvist was elected Chairman of the Audit Committee, with Sonja Sarasvuo and Tomi Ristimäki as members. The Board confirmed all members are independent of the company, with four of them being independent of significant shareholders. Etteplan, a technology service company, had a turnover of EUR 360.0 million in 2023 and employs around 4,000 professionals worldwide. The company's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.

Övrig information som ska lämnas enligt börsens regler: Resolutions of the organization meeting of Etteplan Oyj's Board of Directors

för 8 månader sedan