Financial targets

Etteplan's financial targets and guidance for 2023

Etteplan updated its financial targets in December 2019. The new targets are valid as of January 1, 2020.

Revenue: more than EUR 500 million in 2024.
International growth: The share of revenue coming from outside Finland more than 55 per cent of revenue in 2024.
Managed Services: The share of revenue coming from Managed Services (Managed Services Index, MSI) 75 per cent of revenue in 2024.
Profitability: Operating profit (EBITA) over 10 per cent of revenue.

Financial guidance for 2023

Financial guidance 2023 (published on September 18, 2023)
Etteplan updates and specifies its financial guidance for revenue and operating profit (EBIT) due to the weaker-than-expected business development in the third quarter:  
Revenue in 2023 is estimated to be EUR 355-370 (2022: 350.2) million, and 
operating profit (EBIT) in 2023 is estimated to be EUR 26-28.5 (2022: 28.6) million.

Previous financial guidance 2023 (published on August 10, 2023)
Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and estimates:   
Revenue in 2023 is estimated to be EUR 360-380 (2022: 350.2) million, and 
operating profit (EBIT) in 2023 is estimated to be EUR 28-31 (2022: 28.6) million.

Financial guidance 2023 (published on February 17, 2023)
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical range and issues the following estimate:
Revenue in 2023 is estimated to be 360–390 (2022: 350.2) million, and operating profit (EBIT) in 2023 is estimated to be EUR 28–33 (2022: 28.6) million.