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Financial responsibility

Etteplan’s operations have significant economic impacts on many different stakeholders. We pay taxes, wages, dividends and financial expenses and we purchase products and services. Etteplan’s financial performance has been strong for several years now. In 2020 our revenue decreased due to the global pandemic and was EUR 260.0 million (263.3). Our operating profit (EBITA) improved and was EUR 26.2 million (26.0). Etteplan currently operates in eight countries. We are committed to complying with all local, national and international laws and regulations in the countries where we do business and provide services. We pay taxes on our profit in all of the countries that we operate in.

 

1,000 EUR 2020 2019 2018
Direct taxes 4,003 4,553 4,364
Wages and salaries 177,301 172,520 156,183
Purchases 23,317 26,550 21,822
Dividends 8,488* 8,682 7,454
Financial expenses 1,722 1,590 1,580

 

*The Board of Directors' proposal to the Annual General Meeting

Risk assessment
 

Etteplan assesses business risks annually. Based on this systematic risk assessment, we adjust our operations as necessary. A uniform group-wide risk management assessment that covers all risk categories has been conducted annually in connection with the strategy process since 2011. In the assessment, we focus particularly on monitoring changes in previously identified risks, identifying new business risks and developing proactive risk management.

Read more in Financial Review p.18

Etteplan strategy

Etteplan story

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Value creation model

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Purpose, vision and values

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Financial targets

Etteplan updated its strategic and financial targets in December 2019. The targets for growth and profitability remained unchanged. Read more

Acquisitions

In acquisitions, which play a key role in our strategy, our focus is on increasing our competence capital and geographical expansion.   Read more

Board of Directors & Management

Operating environment

History

Etteplan has set the standard in engineering design for 30 years. The company has been a pioneer in the development of engineering design and methods as well as new business models. 

Events & webinars

Corporate responsibility

At Etteplan, corporate responsibility is at the core of our day-to-day business as we design hundreds of sustainable solutions for the world’s leading machinery and equipment manufacturers every year. Our highly skilled personnel play a crucial role in fulfilling our customer promise.

Personnel and social responsibility

Personnel and leadership development, providing career opportunities and treating employees equally are at the core of Etteplan’s human resource management. Etteplan’s Code of Conduct is the foundation of the company’s human resource management. Read more

Environmental responsibility

The day-to-day work of Etteplan’s environmental management is based on the standards specified in the ISO 14001 environmental system. The goals of our environmental policy include minimizing the environmental impacts of our own operations, training our personnel to recognize the environmental impacts of their work, and helping our partners observe responsibility in environmental matters. Read more

Quality

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Code of Conduct

We want our employees and partners to be proud to work with us, and we want to create well-being for all our stakeholders, based on our values of customer-orientation, proactiveness and attractiveness. This is why we have written this new Code of Conduct. Its purpose is to clearly present and communicate our common set of ethical values and business principles to all employees, stakeholders and partners, as well as to provide guidance in our daily business. Read more