General meeting Back to Corporate governance The shareholders exercise their decision-making power at the General Meeting which is the highest decision-making body in the Company. Each Company share entitles the holder to one vote at a General Meeting. The Company must hold one Annual General Meeting for shareholders annually, by the end of June. An Extra Ordinary General Meeting will be held, if the Board of Directors deems it necessary or if it is requested in writing by a Company auditor or shareholders holding a minimum of 10 per cent of the Company's shares, for the purpose of discussing a specific issue. A shareholder may exercise his/her right to speak, ask questions and vote at the General Meeting. The matters to be considered at the Annual General Meeting (AGM) are specified in section 8 of Etteplan’s Articles of Association and in Chapter 5, Section 3 of the Companies Act. Articles of Association Resolutions of the General Meeting are published without delay after the meeting by a stock exchange release and on the Company’s website. Information on general meetings to shareholders The Board shall convene the Annual General Meeting or an Extraordinary General Meeting with a summons to be published on the Company’s website. The summons must list the agenda for the meeting. The Board may also decide to publish the invitation to the General Meeting in one Finnish national newspaper, determined by the Board. The summons to a meeting and the Board’s proposals for the meeting are also published as a stock exchange release. The notice of the General Meeting includes a proposal for the agenda of the meeting. The notice of the General Meeting, documents to be submitted to the General Meeting, and draft resolutions to the General Meeting will be available on the Company’s website at the earliest two months and at the latest three weeks before the General Meeting. The minutes of the General Meeting shall be posted on the Company’s website within two weeks of the General Meeting. The documents related to the General Meeting shall be available on the Company’s website at least for five years after the General Meeting. Organization of the general meeting According to the Company’s Articles of Association the General Meeting shall be held in the Company's domicile or in Lahti or in Helsinki as decided by the Board of Directors of the Company. To be able to participate in General Meeting, a shareholder must be registered on the record date of the General Meeting in Etteplan Oyj's shareholder register, maintained by Euroclear Finland Ltd. A nominee registered shareholder who intends to take part in General Meeting is advised to request the necessary instructions regarding entry in the Company’s shareholder register and the issuing of proxy documents from their account holder. A notification by a holder of nominee registered shares for temporary inclusion in the Company’s shareholders’ register is perceived as prior notice of participation in the General Meeting. Shareholders must register for a General Meeting in advance, within the time prescribed in the summons. A shareholder may participate in a General Meeting personally or through a duly authorized proxy. The proxy must present a power of attorney form for such authorization. Upon registration for a General Meeting, the shareholder must report to the Company any powers of attorney issued. The shareholder and proxy may have an assistant present at the meeting. A shareholder present at the Annual General Meeting has the right to request information on matters to be considered at the meeting. A shareholder also has the right to propose items for the agenda of the Annual General Meeting, as stipulated in the Finnish Companies Act, when the shareholder delivers a written proposal to the Board of Directors so well in advance that the item can be included in the notice to the meeting. The deadline set by the Company for such proposals is January 31, 2020. Attendance of the board of directors, managing director and auditor at the general meeting The Chairman of the Board of Directors and the members of the Board and its Committees as well as the CEO shall attend the General Meeting. In addition, the Auditor shall be present at the Annual General Meeting. Attendance of a prospective director at a general meeting A person proposed for the first time as Director shall participate in the General Meeting that decides on his or her election, unless there are well-founded reasons for absence. Annual General Meeting 2020 Annual General Meeting 2019 Annual General Meeting 2018 Annual General Meeting 2017 Annual General Meeting 2016 Annual General Meeting 2015 Annual General Meeting 2014 Extraordinary General Meeting 2013 Annual General Meeting 2013 Annual General Meeting 2012 Annual General Meeting 2011 Annual General Meeting 2010 Annual General Meeting 2020 Etteplan Oyj’s Annual General Meeting of Shareholders will be held on Thursday, April 2, 2020 at 10:00 a.m. at the premises of the Company at the address Ensimmäinen Savu, 01510 Vantaa, Finland. Read more Annual General Meeting 2019 Etteplan Oyj’s Annual General Meeting of Shareholders was held on Thursday, April 4th, 2019 at 10:00 a.m. at Etteplan premises in Vantaa, Finland. Read more Annual General Meeting 2018 Etteplan Oyj’s Annual General Meeting of Shareholders was held on Thursday, April 5th, 2018 starting at 10:00 a.m. at Etteplan premises in Vantaa, Finland. Read more Annual General Meeting 2017 Etteplan Oyj’s Annual General Meeting of Shareholders was held on Tuesday, April 4th, 2017 starting at 13:00 p.m. at Etteplan premises in Vantaa, Finland. Read more Annual General Meeting 2016 Etteplan Oyj's Annual General Meeting of Shareholders will be held on Tuesday, April 5, 2016. Read more Annual General Meeting 2015 Etteplan Oyj's (“Company”) Annual General Meeting of Shareholders was held on Friday, March 27, 2015 starting at 1:00 p.m. at the premises of the Company at the address Ensimmäinen Savu, 01510 Vantaa, Finland. Read more Annual General Meeting 2014 Etteplan Oyj’s Annual General meeting was held on March 26, 2014 starting at 1.00 p.m. at the premises of the Company at the address Ensimmäinen Savu, 01510 Vantaa, Finland. Read more Extraordinary General Meeting 2013 The Extraordinary General Meeting of Shareholders of Etteplan Oyj was held at the premises of the Company in Vantaa on November 18, 2013. Read more Annual General Meeting 2013 Etteplan Oyj’s Annual General meeting was held on March 27, 2013 starting at 1 p.m. at the premises of the Company in Vantaa at the address Ensimmäinen Savu, 01510 Vantaa, Finland. Read more Annual General Meeting 2012 Etteplan Oyj’s Annual General meeting was held on March 30, 2012. Read more Annual General Meeting 2011 The Etteplan Oyj Annual General Meeting was held on Thursday, March 31, 2011. Read more Annual General Meeting 2010 The Annual General Meeting of Shareholders of Etteplan Oyj was held today, March 24, 2010 at premises of the Company in Vantaa. Read more Reasons to invest in us See more Key financial data See more 5 year history Consolidated statement of comprehensive income Consolidated statement of financial position Consolidated statement of cash flows 5 year history Back to Key financial data EUR 1,000, Financial period Jan 1 – Dec 31 2019 2018 2017 2016 2015 Revenue 263,292 236,477 214,768 183,938 141,143 Change in revenue, % 11.3 10.1 16.8 30.3 7.0 Operating profit (EBITA) 25,964 22,555 17,387 12,070 9,540 % of revenue 9.9 9.5 8.1 6.6 6.8 Operating profit (EBIT) 22,819 20,184 15,484 10,131 8,594 % of revenue 8.7 8.5 7.2 5.5 6.1 Profit before taxes and non-controlling interest 21,924 19,396 14,745 9,441 7,933 % of revenue 8.3 8.2 6.9 5.1 5.6 Profit for the financial year 17,387 15,280 11,586 7,604 6,189 Return on equity, % 24.1 24.4 20.9 17.4 19.5 ROCE, % 19.9 21.3 17.8 14.8 17.4 Equity ratio, % 38.9 42.9 40.7 40.0 37.8 Gross investments 36,908 16,527 7,589 30,186 9,867 % of revenue 14.0 7.0 3.5 16.4 7.0 Net gearing, % 52.6 29.8 43.0 55.9 41.6 Personnel, average 3,305 2,995 2,711 2,407 1,948 Personnel at year end 3,447 3,055 2,802 2,545 2,074 Staff costs 172,520 156,183 144,965 129,172 101,452 Back to Key financial data Read more Consolidated statement of comprehensive income Back to Key financial data EUR 1,000 Jan 1 – Dec 31, 2019 Jan 1 – Dec 31, 2018 Revenue 263,292 236,477 Other operating income 2,582 1,172 Materials and services -26,550 -21,822 Staff costs -172,520 -156,183 Other operating expenses -29,273 -33,667 Depreciation and amortization -14,712 -5,792 Operating profit (EBIT) 22,819 8.7% 20,184 8.5% Financial income 695 791 Financial expenses -1,590 -1,580 Profit before taxes 21,924 19,396 Income taxes -4,536 -4,116 Profit for the financial year 17,387 15,280 Other comprehensive income, that may be reclassified to profit or loss Currency translation differences -398 -1,200 Other comprehensive income, that will not be reclassified to profit or loss Change in fair value of equity investments at fair value through other comprehensive income -75 3 Other comprehensive income for the year, net of tax -473 -1,197 Total comprehensive income for the year 16,915 14,083 Profit for the financial year attributable to Equity holders of the parent company 17,387 15,280 Total comprehensive income attributable to Equity holders of the parent company 16,915 14,083 Earnings per share calculated from the profit attributable to equity holders of the parent company Basic earnings per share, EUR 0.70 0.62 Diluted earnings per share, EUR 0.70 0.62 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 Dec 31, 2019 Dec 31, 2018 ASSETS Non-current assets Goodwill 79,044 65,165 Other intangible assets 27,472 20,856 Tangible assets 17,264 4,065 Investments at fair value through other comprehensive income 387 695 Other non-current receivables 54 54 Deferred tax assets 259 161 Non-current assets, total 124,480 90,995 Current assets Inventory 313 362 Work in progress 22,498 20,503 Trade and other receivables 39,332 32,367 Current tax assets 401 223 Cash and cash equivalents 15,878 16,115 Current assets, total 78,421 69,569 TOTAL ASSETS 202,901 160,564 EQUITY AND LIABILITIES Equity Share capital 5,000 5,000 Share premium account 6,701 6,701 Unrestricted equity fund 20,101 20,101 Own shares -700 -452 Cumulative translation adjustment -4,299 -3,901 Other reserves 108 231 Retained earnings 32,441 24,567 Profit for the financial year 17,387 15,280 Equity, total 76,740 67,527 Non-current liabilities Deferred tax liabilities 6,481 4,518 Interest-bearing liabilities 33,116 24,105 Other non-current liabilities 27 2,036 Non-current liabilities, total 39,624 30,659 Current liabilities Interest-bearing liabilities 23,139 12,147 Advances received 5,378 3,064 Trade and other payables 55,588 45,386 Current income tax liabilities 2,433 1,782 Current liabilities, total 86,537 62,378 Liabilities, total 126,161 93,037 TOTAL EQUITY AND LIABILITIES 202,901 160,564 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 Jan 1 - Dec 31, 2019 Jan 1 - Dec 31, 2018 OPERATING CASH FLOW Cash receipts from customers 263,365 239,983 Operating expenses paid -225,189 -212,081 Operating cash flow before financial items and taxes 38,176 27,903 Interest and payment paid for financial expenses -1,192 -956 Interest received 162 59 Income taxes paid -4,262 -3,950 Operating cash flow (A) 32,884 23,055 INVESTING CASH FLOW Purchase of tangible and intangible assets -2,063 -1,752 Acquisition of subsidiaries, net of cash acquired -21,049 -8,262 Proceeds from sale of tangible and intangible assets 81 21 Proceeds from sale of investments 215 1 Investing cash flow (B) -22,816 -9,992 Cash flow after investments (A+B) 10,068 13,063 FINANCING CASH FLOW Purchase of own shares -519 -516 Expenses paid for directed share issue 0 -7 Issue of new current loans 2,020 3,559 Repayments of current loans -8,440 -24,743 Issue of new non-current loans 13,500 22,102 Payment of finance lease liabilities -9,624 -1,765 Dividend paid -7,454 -5,684 Financing cash flow (C) -10,517 -7,054 Variation in cash (A+B+C) increase (+) / decrease (-) -449 6,009 Assets at the beginning of the financial period 16,115 10,074 Exchange gains or losses on cash and cash equivalents 212 32 Assets at the end of the financial period 15,878 16,115 The notes are an integral part of the Financial Statements. Back to Key financial data Read more Reports & presentations Browse reports and presentations Investor calendar Read more Share information See more Share information Share monitor Investment calculator Historical share prices Dividend and payment history Major shareholders Flaggings Etteplan Oyj's rights issue 2016 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 See more Articles of association Board of Directors Nomination and Remuneration Committee Audit Committee CEO and Management group Remuneration Risk management Insider management Transactions of managers Audit Communications Articles of association Read more Board of Directors Read more Nomination and Remuneration Committee Read more Audit Committee The Board of Directors of Etteplan Oyj has appointed an Audit Committee among the Directors. The Board has confirmed the central duties and operating principles of the committee in a written charter. The Audit Committee reports regularly on its work to the Board. Read more CEO and Management group 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 see more
