Insider management

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The Etteplan Oyj Board of Directors has approved insider regulations for the Company. The regulations are based on the Finnish Securities Markets Act as well as from the beginning of July 2016 the Market Abuse Regulation (EU N:o 596/2104, MAR), and they comply with the standards of Financial Supervision and the Guidelines issued by the Nasdaq Helsinki Ltd.

In accordance with the Market Abuse regulation Etteplan is no longer under the obligation to maintain a public insider register. However, Etteplan maintains a register of its managers and publishes stock exchange releases on the transactions the managers report to the stock exchange and the Company in compliance with the time limits and obligations defined by MAR. Due to the nature of their position, the members of the Board of Directors, the CEO, and the members of the Management Group are entered into said register of managers.

In addition, the Company maintains a permanent company specific insider register in accordance with the decision of the Board of Directors. The company specific insider register includes frontline managers for business operations, financial administration personnel, and those working for the Company on the basis of an employment or other contract who receive insider information.

A project-specific insider register is created by the decision of the Board of Directors, the CEO, or the Management Group.

The Company’s insider guidelines direct insiders to restrict their trading in the Company’s shares to times when the markets have as precise information as possible on the factors influencing the value of shares in the Company. Consequently, persons included in Etteplan’s insider registers are always prohibited from trading with Company securities during 30 days before the publication of interim reports and financial statement release, including the day of publication (the closed window). During other times i.e. as of the day following the publication of interim reports and financial statement release there is an open window during which insiders are allowed to trade. Even then it is provided that they do not possess insider information.

The Chief Financial Officer is responsible for the maintenance of the afore mentioned registers of Etteplan Oyj. The CFO is also responsible for compliance with insider regulations and fulfilment of duties to report. The afore mentioned registers are maintained by the Company’s Vantaa office, which updates the information that, as required by law, is entered in the registers for Euroclear Finland Ltd pertaining to insiders with the duty to declare.

Related party transactions

Etteplan Group's related parties include such persons that have control, joint control or significant influence over the Group. Also the Group's key personnel, i.e. the members of the Board of Directors and Management Group including the CEO are included in the related parties. Companies in control or joint control of the before mentioned persons are considered as other related parties. Companies in control or joint control of the aforementioned persons are considered as other related parties. Related party transactions are priced according to Group's normal pricing basis and sales conditions.

In 2017 Etteplan’s service purchases and sales from and to other related party companies were related to administrative cooperation between the companies.

Reasons to invest in us

Key financial data

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 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