Etteplan as an investment

Etteplan is a growing technology service company with a revenue growth target of approximately 15 per cent per year organically and through acquisitions. When materialized, the growth leads to a revenue of more than EUR 500 million in 2024.

Etteplan is a growth company; we want to grow financially, geographically, and in terms of our capabilities. Our organic growth is based on the key elements of our strategy as well as in our extensive service offering, expertise, and strong market position. Through strategic acquisitions, our goal is to increase our competency capital, grow our market presence and service offering.

By working together with our customers and partners with passion and commitment, we deliver results that transform companies and, at best, entire industries. We believe in cooperation, continuous development and multidisciplinary thinking. These qualities make us continuously competitive and enable us to lead the development of our industry.

Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical communication 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 2022, Etteplan had a turnover of approximately EUR 350 million. The company employs 4,000 experts in Finland, Sweden, Denmark, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.

Profitable growth strategy

Etteplan’s strategy titled Increasing value for customers was extend to the strategy period 2023-2024. In connection with this extention, Etteplan updated its financial targets for 2023-2024. The targets will be achieved through strong execution of the strategy.

  • Growth: revenue more than EUR 500 million in 2024 (no change)
  • International growth: The share of revenue coming from outside Finland is at least 55 percent in 2024 (target % changed, previous target: 50 percent in 2024)
  • Managed Services: The share of revenue from Managed Services is 75 percent (Managed Services Index, MSI) in 2024 (no change)
  • Profitability: operating profit (EBITA) over 10 percent of revenue (target changed, previous target: 10 percent)

Increasing customer value

Digitalization and the growing need for talented employees are key industry trends that affect the operations of Etteplan and its customers. The importance of sustainability has grown even more, and it has an essential role in the business of Etteplan and its customers. The key objective of Etteplan’s strategy is to create even higher value for customers and to support them in the industrial change and in the development of sustainable business.

Etteplan’s customers are investing in digitalization and intelligent devices, which presents significant growth opportunities for the company. In recent years, Etteplan has also invested in digitalization and software development with the aim of expanding its service offering and competence capital in order to respond to the digitalization needs of customers. At the same time, we are investing in organic growth as well as the development of our own business and increasing its rate of digitalization.

We continue the development of technology solutions as part of our service solutions. We are strengthening our expertise in areas such as additive manufacturing, digital twin solutions, and other digital technologies. The use of artificial intelligence in various applications is accelerating, and we have launched a development program to use artificial intelligence in our business.