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Etteplan Q1: A significant result improvement

Stock exchange release – Published: 07.05.2015 14:00:00



Review period January-March 2015

– The Group’s revenue increased by 4.1% and was EUR 34.7 million
  (1-3/2014: EUR 33.3 million).
– EBIT from business operations improved by 65.8% and was EUR 2.3 million
  (EUR 1.4 million).
– Operating profit (EBIT) improved by 77.3% and was EUR 2.1 million (EUR 1.2 million).
– The profit for the review period improved and was EUR 1.4 million (EUR 0.8 million).
– Operating cash flow improved and was EUR 0.1 million (EUR -1.7 million).
– Earnings per share were EUR 0.07 (EUR 0.04).
– The number of personnel increased and the Group had 1, 873 employees at
  the end of the period (1, 731).
– Etteplan starts to publish key figures of its two service areas.
– Etteplan keeps its estimate of market outlook and financial guidance unchanged.

Market outlook 2015

The most important factor in the development of Etteplan’s business operations is the global development of the machinery and metal industry. Market development remains uncertain due to the political and economic situation in Europe. Etteplan’s customers also operate in the North American and Asian markets, where the demand situation is better than in Europe.

Financial guidance 2015

We expect the revenue and operating profit for the year 2015 to grow compared to 2014.

Key figures

President and CEO Juha Näkki:

“The year 2015 got off to a slow start after the Christmas holiday season. However, toward the end of January, the demand situation returned to the level seen at the end of the previous year and we achieved a clear improvement in our profitability and cash flow. Key accounts developed favorably and grew by 7.8 per cent. Demand remained nearly unchanged in all customer industries, but a slight improvement in demand among mining industry equipment manufacturers can be seen as a positive signal of market development.

In the area of engineering services, the proportion of our revenue represented by product development increased, while fewer engineer-to-order projects were started. Our revenue development was burdened by the low level of Russian investment projects and the prolongation of contract negotiations with a significant customer of ours. In China, the development of the engineering services market continued, and we acquired several new customers. However, the number of working hours sold in the Chinese market grew by only 2.8 per cent. This was due to both a significant project that was underway in the comparison period and involved Etteplan selling Finnish work to China, as well as a temporary decrease in the volume of work from existing customers. The number of Chinese working hours sold in the Chinese market grew by 35 per cent.

In the area of technical documentation, our business developed well during the review period. Husqvarna outsourced global content creation for technical documentation to Etteplan, and we have several other outsourcing discussions in progress. Our customers are very interested in our documentation solutions, which offers us good growth opportunities in all of our market areas.

After a slow start, we had a fairly good first quarter in 2015. Despite uncertainty in Europe, our major customers’ orders received and order books increased for the most part. This trend, combined with our strong market position, provides us with the opportunity to develop our business further and continue profitable growth.”

Disclosure procedure

Etteplan follows the disclosure procedure enabled by Disclosure obligation of the issuer (7/2013) published by the Finnish Financial Supervision Authority. This stock exchange release is a summary of Etteplan’s January-March 2015 interim report. The complete interim report is attached to this stock exchange release in pdf format and is also available on Etteplan’s website at Investors are advised to review the complete interim report with tables.

Conference call and live webcast today, May 7, 2015

Etteplan’s President and CEO Juha Näkki will present Company’s results for January-March 2015 in a conference call and a live webcast for analysts and investors, held in English language, on May 7, 2015 starting at 3.30 p.m. Finnish time (EET).

To participate in the conference call please dial 5-10 minutes prior to the start of the conference to +358 9 2319 5437, event password is Etteplan2015. Questions can be asked in English after President and CEO’s presentation only through conference call connection.

Juha Näkki’s presentation can be followed as a live webcast though a link at Etteplan’s homepage at The live webcast starts at 3.30 p.m. Finnish time (EET).

A recording of the webcast will be later available at the same address.

Vantaa, May 7, 2015

Etteplan Oyj

Board of Directors

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

The information presented herein has not been audited.

Releases and other corporate information are available on Etteplan’s Web site at

Major media

Etteplan provides engineering services and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products.

In 2014, Etteplan had a turnover of EUR 131.9 million. The company has more than 1, 800 professionals in Finland, Sweden, the Netherlands and China. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ticker ETT1V.