Financial responsibility
Strong financial result
Etteplan’s operations have significant economic impacts on many different stakeholders arising from the taxes, wages, dividends and financial expenses that we pay. Etteplan has achieved strong financial results for several years, and the Group’s revenue and operating profit continued to grow in 2018. Revenue increased by 10.1% to EUR 236.5 (214.8) million. Our operating profit was EUR 20.2 (15.5) million. We pay taxes on our profits in all of the countries that we operate in.
| 1,000 EUR | 2018 | 2017 | 2016 |
|---|---|---|---|
| Direct taxes | 4,364 | 3,200 | 2,266 |
| Wages and salaries | 156,183 | 144,965 | 129,172 |
| Dividends | 7,489* | 5,684 | 3,930 |
| Financial expenses | 1,580 | 1,277 | 1,245 |
*) The Board of Directors' dividend proposal, maximum
Risk assessment
Etteplan assesses business risks annually. Based on this systematic risk assessment, we adjust our operations as necessary. In the risk assessment conducted in 2018, the overall risk level was higher than in the previous year due to an increase in strategic and operational risks. Other risks remained at the same level as in 2017.
Etteplan's growth strategy
Cornerstones of our strategy
The four cornerstones of Etteplan’s strategy are customer focus, service solutions, one Etteplan and engineering methods. Read moreCompetitive advantage
Our business model is based on Managed Services. Managed Services are packaged and productized solutions where the customer buys the results rather than temporary staff or working hours. Read moreVision and values
Read moreStrategic and financial targets
Etteplan updated its strateegic and financial targets in December 2016. The targets for growth and profitability remained unchanged. Read moreAcquisitions
In acquisitions, which play a key role in our strategy, our focus is on increasing our competence capital and geographical expansion. Read moreHistory
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.
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.