Close

CEO and Management group

Back to Corporate governance

M. Sc. (Eng) Juha Näkki has been the Company’s President and CEO from the beginning of 2012. The CEO is responsible for managing the Group’s day-to-day operations in accordance with the rules and instructions issued by the Board of Directors. The CEO may take measures that are unusual and far-reaching with regard to the scope and nature of the Company’s operations, but only with authorization from the Board of Directors. The CEO is responsible for ensuring that the Company’s accounting complies with the applicable legislation and that its asset management is arranged in a reliable manner. The CEO attends the Board meetings as the Secretary to the Board, but he is not a member of the Board of Directors. The parent Company’s CEO furthermore acts as the Group’s Chief Executive Officer.

A written CEO agreement, which has been approved by the Board, has been drawn up for the CEO. The Board of Directors appoints the CEO and terminates his or her employment, as well as monitors the CEO’s activities.

Further information on CEO Juha Näkki is available on the Company’s website and partly in the Annual Report 2017.

 

Other executives

 

The CEO appoints members to the Management Group who are appropriate from the standpoint of line operations. The Management Group assists the CEO and also develops and monitors all matters entrusted to the Company’s management, including those connected with the Group and business unit strategies, acquisitions and major capital expenditures, divestments, the Company’s image, monthly reporting, interim reports, investor relations, and the main principles of the human resource policy. The Board of Directors approves the appointment of the Management Group members. The members of the Management Group report to the President and CEO.

In the financial period 2017 the Management Group of Etteplan consisted of the following members:

  • Juha Näkki (born 1973), President and CEO, 104,947 shares
  • Per-Anders Gådin (born 1965), Chief Financial Officer, 8,156 shares
  • Petri Ikonen (born 1964), Senior Vice President, Technical documentation Services, 2,876 shares
  • Veikko Lamminen (born 1960), Senior Vice President, Operations Finland, 19,266 shares
  • Outi-Maria Liedes (born 1956), Senior Vice President, HR & Operational Development, 10,795 shares
  • Kari Liuska (born 1963), Senior Vice President, Embedded systems & IoT, 31,200 shares
  • Riku Riikonen (born 1977), Senior Vice President, Engineering services, 13,209 shares
  • Outi Torniainen (born 1965), Senior Vice President, Communications and Marketing, no ownership
  • Mikael Vatn (born 1967), Senior Vice President, Operations Central and Western Europe, 2,000 shares.

The ownerships are listed as per December 31, 2017 and include shares possibly owned by controlled entities. Further information on the Management Group members is available on the Company’s website and partly in the Annual Report 2017.

Reasons to invest in us

Key financial data

5 year history

Back to Key financial data EUR 1,000, Financial period Jan 1 – Dec 31 2017 IFRS 2016 IFRS 2015 IFRS 2014 IFRS 2013 IFRS Revenue 214,768 183,938 141,143 131,916 128,647 Change in revenue, % 16.8 30.3 7.0 -1.9 -4.3 EBIT from business operations 17,163 12,071 9,540 7,394 6,280 % of revenue 8.0 6.6 6.8 5.6 4.9 Operating profit (EBIT) 15,484 10,131 8,594 7,856 6,366 % of revenue 7.2 5.5 6.1 6.0 4.9 Profit before taxes and non-controlling interest 14,745 9,441 7,933 7,168 5,672 % of revenue 6.9 5.1 5.6 5.4 4.4 Profit for the financial year 11,586 7,604 6,189 6,147 4,390 Return on equity, % 20.9 17.4 19.5 22.7 17.5 ROCE, % 17.8 14.8 17.4 17.8 14.6 Equity ratio, % 40.7 40.0 37.8 39.5 35.9 Gross investments 7,589 30,186 9,867 3,565 2,344 % of revenue 3.5 16.4 7.0 2.7 1.8 Net gearing, % 43.0 55.9 41.6 56.5 73.4 Personnel, average 2,711 2,407 1,948 1,813 1,736 Personnel at year end 2,802 2,545 2,074 1,859 1,728 Wages and salaries 144,965 129,172 101,452 94,367 70,363   Back to Key financial data Read more

Consolidated statement of comprehensive income

Back to Key financial data   EUR 1,000 Note Jan 1 – Dec 31, 2017   Jan 1 – Dec 31, 2016   Revenue 7 214,768   183,938   Other operating income 9 446   517   Materials and services 12 -20,429   -13,893   Staff costs 13 -144,965   -129,172   Other operating expenses   -29,021   -26,440   Depreciation and amortization 20, 21 -5,315   -4,818   Operating profit (EBIT)   15,484 7.2% 10,131 5.5% Financial income 15 538   555   Financial expenses 16 -1,277   -1,245   Profit before taxes   14,745   9,441 Income taxes 18 -3,160   -1,838   Profit for the financial year   11,586   7,604   Other comprehensive income, that may be subsequently reclassified to profit or loss           Foreign subsidiary net investment hedge 4.1.1 0   103   Currency translation differences   -727   -1,157   Change in fair value of investments available-for-sale   9   -6   Other comprehensive income for the year, net of tax 18 -718   -1,080   Total comprehensive income for the year   10,868   6,524               Profit for the financial year           Equity holders of the parent company   11,470   7,436   Non-controlling interest   115   168       11,586   7,604   Total comprehensive income attributable to           Equity holders of the parent company   10,759   6,356   Non-controlling interest   108   168       10,868   6,524   Earnings per share calculated from the profit attributable to equity holders of the parent company           Basic earnings per share, EUR 19 0.47   0.33   Diluted earnings per share, EUR 19 0.47   0.33     The notes are an integral part of the financial statements.   Back to Key financial data Read more

Consolidated statement of financial position

Back to Key financial data EUR 1,000  Note Dec 31, 2017 Dec 31, 2016 ASSETS       Non-current assets       Tangible assets 20 3,524 2,910 Goodwill 21 59,014 58,128 Other intangible assets 21 17,875 18,036 Investments available-for-sale 22 691 680 Other non-current receivables 36 88 41 Deferred tax assets 35 79 365 Non-current assets, total   81,270 80,159         Current assets       Inventory 24 250 255 Trade and other receivables 25 52,507 49,180 Current tax assets 26 326 139 Cash and cash equivalents 27 10,074 4,750 Current assets, total   63,157 54,324 TOTAL ASSETS   144,427 134,483         EQUITY AND LIABILITIES       Capital attributable to equity holders of the parent company       Share capital 28 5,000 5,000 Share premium account 28 6,701 6,701 Unrestricted equity fund 28 18,524 18,524 Own shares 28 -80 -386 Cumulative translation adjustment 28 -2,701 -1,981 Other reserves 28 228 219 Retained earnings 28 18,780 17,099 Profit for the financial year 28 11,470 7,436 Capital attributable to equity holders of the parent company, total   57,923 52,613 Non-controlling interest 37 0 165 Equity, total   57,923 52,777         Non-current liabilities       Deferred tax liabilities 35 3,442 3,293 Interest-bearing liabilities 30 19,634 23,807 Other non-current liabilities 32 700 649 Non-current liabilities, total   23,776 27,750         Current liabilities       Interest-bearing liabilities 30 15,329 10,461 Trade and other payables 33 45,724 42,513 Current income tax liabilities 34 1,675 982 Current liabilities, total   62,728 53,956 Liabilities, total   86,504 81,706 TOTAL EQUITY AND LIABILITIES   144,427 134,483   The notes are an integral part of the financial statements.   Back to Key financial data Read more

Consolidated statement of cash flows

Back to Key financial data EUR 1,000 Note Jan 1 - Dec 31, 2017 Jan 1 - Dec 31, 2016 OPERATING CASH FLOW       Cash receipts from customers   211,280 174,644 Operating expenses paid   -189,949 -165,607 Operating cash flow before financial items and taxes   21,331 9,037         Interest and payment paid for financial expenses 16 -773 -813 Interest received 15 55 44 Income taxes paid 18 -2,359 -2,606 Operating cash flow (A)   18,254 5,661         INVESTING CASH FLOW       Purchase of tangible and intangible assets 20, 21 -2,105 -1,879 Acquisition of subsidiaries, net of cash acquired 5 -3,108 -22,262 Proceeds from contingent asset 9 0 215 Proceeds from sale of tangible and intangible assets 9 26 24 Purchase of investments 25 0 -10 Loan receivables, decrease 25 0 45 Investing cash flow (B)   -5,187 -23,866         Cash flow after investments (A+B)   13,067 -18,204         FINANCING CASH FLOW       Share issue net of cost 28 0 13,937 Purchase of own shares 28 -262 -693 Acquisition of non-controlling interest 37 -1,696 0 Short-term loans, increase 30 607 11,685 Short-term loans, decrease 30 -5,855 -22,547 Long-term loans, increase 30 5,000 20,601 Long-term loans, decrease 30 0 -4,569 Payment of finance lease liabilities 30,31 -1,642 -1,184 Dividend paid and other profit distribution 28 -3,930 -3,046 Financing cash flow (C)   -7,777 14,184         Variation in cash (A+B+C) increase (+) / decrease (-)   5,290 -4,020         Assets at the beginning of the financial period   4,750 8,807 Exchange gains or losses on cash and cash equivalents   35 -37 Assets at the end of the financial period 27 10,074 4,750   The notes are an integral part of the financial statements.   Back to Key financial data Read more

Reports & presentations

Investor calendar

Share information

Share information

Read more

Share monitor

Read more

Investment calculator

Read more

Historical share prices

Read more

Dividend and payment history

Read more

Major shareholders

Read more

Flaggings

Read more

Etteplan Oyj's rights issue 2016

Read more

Corporate governance

General meeting

Read more

Articles of association

Read more

Board of Directors

Read more

Nomination and remuneration committee

Read more

Remuneration

Read more

Risk management

Read more

Insider management

Read more

Transactions of managers

Read more

Audit

Read more

Communications

Read more

Investor contacts & analyst coverage