Market outlook and Financial guidance

The most important factor affecting Etteplan’s business is the global development of the machinery and metal industry. The uncertainty caused by geopolitical tensions, interest rates decreasing slower than expected and our customers' generally declining order backlogs are affecting our customers' willingness to invest and keeping the demand situation at a low level in certain customer industries. Investments related to the defense industry, energy efficiency and accelerating the green transition are still at a good level. Decreasing interest rates have not yet had an impact on demand, but we expect that the decrease in interest rates will accelerate investments towards the end of the year. We also expect the demand situation to improve to a good level during the latter part of the year.

Financial guidance 2024 (October 15, 2024)
Etteplan is lowering its previous estimate of revenue and operating profit (EBIT) for 2024 due to the market demand and the restructuring of our business and organization.  According to the new estimate, the revenue is estimated to be EUR 355-370 million (2023: 360.0) and operating profit (EBIT) to be EUR 18-22 million (2023: 25.5).

Previous financial guidance 2024 (August 28, 2024)
Etteplan is lowering its previous estimate of 2024 revenue and operating profit (EBIT) due to the weaker-than-expected market demand and business development.

According to the new estimate, the revenue is estimated to be EUR 360-375 (2023: 360.0) million and operating profit (EBIT) to be EUR 24-27 (2023: 25.5) million.

Previous financial guidance 2024 (August 8, 2024)
Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and issues the following estimate:
Revenue in 2024 is estimated to be EUR 375–390 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 28–30 (2023: 25.5) million.