Etteplan strategy Increasing value for customers We are a forerunner in the engineering industry due to our broad technology expertise and advanced service offering. The key objective of our strategy is to create even higher value for our customers. We want to support our customers in the industrial transformation as well as grow and experiment new solutions together with them. We are an international growth company. Our target is to grow by approximately 15 per cent per year, which would lead to revenue of more than EUR 500 million in 2024. We seek growth organically and, in a consolidating market, also through acquisitions. Our organic growth is based not only on the key elements of our strategy but also our broad service offering and expertise as well as our strong market position. By making acquisitions, we aim to increase our competence capital as well as grow our presence and service offering. To see the full picture of 'How we win' click here. Key elements of the strategy The strategy has three key elements: Customer value, Service solutions and Success with people. Customer value element: the target is to further increase the customer value. By understanding the customer’s business, utilizing our wide expertise, new innovations and technologies we can create even higher value service solutions to our customers and help them to improve their business. Service solutions element: the target is to develop service solutions which combine technologies, efficient processes, versatile expertise and world-class engineering tools and methods. We strive to bring new technologies as part of our service solutions and through that improve the customer value. Success with people element: the target is to maintain, develop and attract talented employees, with whom, and in collaboration with our customers and partners, we will succeed in executing our strategy Key growth areas Etteplan has defined the constant development of service solutions, digitalization and international growth as the key growth areas: 1. Constant development of Service Solutions We incorporate technology solutions into our Service Solutions and take advantage of digital technologies and software solutions. 2. Digitalization We develop digital services, enhance our software development capabilities and support our customers in digitalization. 3. International growth We expand our full service offering in all of our current markets. We seek growth in Central Europe and Asia, especially in China. Purpose, vision and values A purpose tells the reason a company exists. Etteplan’s purpose is: We help our customers to create better world through engineering, innovation and digitalization. Read more Acquisitions play a key role In acquisitions our focus is on increasing our competence capital and geographical expansion. Following our recent acquisitions, the customer can obtain all equipment and plant engineering, technical documentation and related digitalization services from the same provider. Read more Trends Digitalization, accelerating technological development and the lack of engineering resources are the key trends shaping the operating environment in engineering. The consolidation of the industry is also continuing. Read more Etteplan strategy Go to Etteplan strategy Etteplan story Value creation model Purpose, vision and values Financial targets Acquisitions Etteplan story Read more Value creation model Read more Purpose, vision and values Read more 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 Read more Operating environment Read more 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. Read more Events & webinars Read more 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. Go to corporate responsibility Financial responsibility Personnel and social responsibility Environmental responsibility Quality Code of Conduct 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 profits in all of the countries that we operate in. Read more 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 Read more 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
Acquisitions play a key role In acquisitions our focus is on increasing our competence capital and geographical expansion. Following our recent acquisitions, the customer can obtain all equipment and plant engineering, technical documentation and related digitalization services from the same provider. Read more
Trends Digitalization, accelerating technological development and the lack of engineering resources are the key trends shaping the operating environment in engineering. The consolidation of the industry is also continuing. Read more
