Pressmeddelanden, rapporter och bolagsmeddelande för Etteplan Oyj

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.

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.

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.

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.