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Etteplan Q1: Operating profit and revenue improved significantly

Stock exchange release – Published: 08.05.2012 14:00:00


Etteplan Q1: Operating profit and revenue improved significantly

Review period January-March 2012

  • Etteplan revises its estimate for the outlook 2012 presented in the Financial Statement Release.

Outlook 2012

The development of Etteplan’s customers’ order books quickly influences the development of Etteplan’s revenue. The current order books of Etteplan’s major customers are on average at a good level. We estimate that our market position will remain strong and the sales of our product solutions will develop favourably.

We expect the revenue and operating profit for the year 2012 to grow clearly compared to 2011.

Previous estimate of outlook

At the beginning of 2012, the order books of major customers operating in Scandinavia are at a good level. We estimate that demand for design and product information services will continue to grow also in China. Changes in Etteplan’s customers’ order books quickly influence the development of Etteplan’s revenue.

We expect the revenue and operating profit of the first six months of 2012 to grow compared to the first half of 2011.

Key figures

Juha Näkki, President and CEO of Etteplan Oyj comments on the interim report:

“We managed to increase our market share in several global accounts, particularly with the aid of our service products. This kept the utilization rate of engineering design capacity at a good level and made strong growth possible. Service products and solutions have had a significant position in the development of the Group’s business operations and had a positive impact on revenue and operating profit growth.

During the review period, we refocused our strategy to improve its alignment with market development and enhanced our organization to correspond to the updated strategy. In line with our strategy, we invested in the development of technical product information methods by acquiring the entire share capital of the Dutch-based Tedopres International B.V. Tedopres’ advanced solutions complement Etteplan’s service offering and form an excellent foundation for continued growth in the current customer industries. This acquisition opens up new opportunities both in the Central European market and in new customer industries and makes Etteplan one of the leading technical product information companies in Europe, with more than 300 specialists.

I am very satisfied with the positive development in the first quarter of the year. We have worked determinedly to harmonize operations and develop our business. I believe that the positive development will continue during the rest of 2012.”

Hollola, May 8, 2012

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372

Major media

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Etteplan’s engineering expertise and service products cover the entire life cycle of the client’s products. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defense industries as well as the electricity generation and power transmission sectors, and material flow management.

Etteplan has comprehensive competence in electronics and embedded systems development, automation and electrical design, mechanical design and technical product information solutions and services.

In 2011, Etteplan had turnover of EUR 119.4 million. The company currently has close to 1, 800 experts in Finland, Sweden, China and the Netherlands. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.