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Etteplan Oyj withdraws its financial guidance for 2020 for the time being

Stock exchange release – Published: 30.03.2020 17:45:00

Etteplan Oyj, Stock Exchange Release, March 30, 2020 at 5.45 p.m. (EEST)

Etteplan Oyj withdraws its financial guidance for 2020 for the time being

Etteplan withdraws its financial guidance for year 2020 for the time being due to the uncertainty caused by the corona virus pandemic.

The global COVID-19 corona virus pandemic has a significant impact on global economy and market situation. The most important factor affecting Etteplan’s business is the global development of the machinery and metal industry. Due to the prevailing uncertainty on the market there have been unforeseen changes in Etteplan´s customer demand. The prolonging of the situation will have a negative impact on financial development that is very difficult to estimate at the moment. Therefore Etteplan withdraws its financial guidance for 2020 for the time being.

Previous financial guidance 2020: We expect the revenue for 2020 to increase clearly and operating profit (EBIT) to be at the same level or to improve compared to 2019.

Etteplan will not provide any financial guidance for 2020 for the time being. The guidance will be issued when the company is in a better position to assess the impact of the corona virus pandemic on Etteplan´s business.

Additional information:
Juha Näkki, President and CEO, tel. +358 010 307 2077
Outi Torniainen, SVP,  Marketing and Communications, tel. +358 10 307 3302

Nasdaq Helsinki
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Etteplan in brief

Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, 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, services 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 2019, Etteplan had a turnover of approximately EUR 263 million. The company currently has over 3,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.