Etteplan Oyj's rights issue 2016 Back to Share information In April 2016 Etteplan undertook a business transaction, where it acquired the entire share capital of Espotel Oy and Soikea Solutions Oy. The transaction enables the Company new growth opportunities in the fast growing IoT (Internet of Things) markets. Etteplan Oyj’s Board of Directors decided on May 9, 2016, to issue a maximum of 4,105,933 new shares pursuant to the authorization granted by the Annual General Meeting held on May 4, 2016, in a share issue based on the existing shareholders’ pre-emptive subscription right. The Company intended to use the net proceedings of the Share Issue to pay back the bridge financing obtained to acquire the share capital of Espotel and Soikea Solutions and to strengthen its capital structure. The main facts of the Rights Issue The net proceedings from the Rights Issue were estimated at approximately EUR 14 million. On the Record Date of 11 May 2016 one (1) subscription right for each existing (1) share owned. Five (5) subscription rights were needed to subscribe for every one (1) new share. Subscription price was EUR 3.50. All of the shares offered in the rights offering were subscribed for. Etteplan raised gross proceeds of approximately EUR 14.4 million through the offering. As a result of the offering, the total number of shares in Etteplan increased to 24,771,492 shares. The new shares were registered with the Finnish Trade Register and in Etteplan’s shareholder register on June 9, 2016. Stock Exchange Releases related to Share Issue: 15.3.2016 Etteplan extends its service concept into industrial Internet solutions with two acquisitions. Financial guidance for 2016 raises- board of directors plans rights issue 4.4.2016 Etteplan Oyj completes the acqusitions with Espotel Oy and Soikea Solutions Oy 5.4.2016 Resolutions of Etteplan Oyjs Annual General Meeting of shareholders 9.5.2016 Board of directors of Etteplan Oyj decided on a rights offering 10.5.2016 Etteplan Oyj publishes the Finnish language prospectus regarding the rights offering 1.6.2016 Preliminary result of Etteplan's rights offering 8.6.2016 Final result of Etteplan's rights offering 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 2021 2020 2019 2018 2017 Revenue 300,111 259,702 263,292 236,477 214,768 Change in revenue, % 15.6 -1.4 11.3 10.1 16.8 Operating profit (EBITA) 30,139 26,172 25,964 22,555 17,387 % of revenue 10.0 10.1 9.9 9.5 8.1 Operating profit (EBIT) 25,754 22,380 22,819 20,184 15,484 % of revenue 8.6 8.6 8.7 8.5 7.2 Profit before taxes 24,867 21,080 21,924 19,396 14,745 % of revenue 8.3 8.1 8.3 8.2 6.9 Profit for the financial year 20,044 17,077 17,387 15,280 11,586 Return on equity, % 21.6 20.8 24.1 24.4 20.9 ROCE, % 16.0 16.0 19.9 21.3 17.8 Equity ratio, % 39.7 40.5 38.9 42.9 40.7 Gross investments 30,582 29,697 36,908 16,527 7,589 % of revenue 10.2 11.4 14.0 7.0 3.5 Net gearing, % 48.6 46.6 52.6 29.8 43.0 Personnel, average 3,480 3,320 3,305 2,995 2,711 Personnel at year end 3,629 3,267 3,447 3,055 2,802 Employee benefits expenses 197,596 177,301 172,520 156,183 144,965 Back to Key financial data Read more Consolidated statement of comprehensive income Back to Key financial data EUR 1,000 Jan 1 - Dec 31, 2021 Jan 1 – Dec 31, 2020 Revenue 300,111 259,702 Other operating income 1,289 3,622 Materials and services -31,685 -23,317 Employee benefits expenses -197,596 -177,301 Other operating expenses -28,527 -22,300 Depreciation and amortization -17,839 -18,026 Operating profit (EBIT) 25,754 8,6% 22,380 8.6% Financial income 593 422 Financial expenses -1,480 -1,722 Profit before taxes 24,867 21,080 Income taxes -4,823 -4,003 Profit for the financial year 20,044 17,077 Other comprehensive income, that may be reclassified to profit or loss Currency translation differences -589 1,415 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 32 -7 Other comprehensive income for the year, net of tax -557 1,409 Total comprehensive income for the year 19,487 18,486 Profit for the financial year attributable to Equity holders of the parent company 20,044 17,077 Total comprehensive income attributable to Equity holders of the parent company 19,487 18,486 Earnings per share calculated from the profit attributable to equity holders of the parent company Basic earnings per share, EUR 0.80 0.69 Diluted earnings per share, EUR 0.80 0.69 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, 2021 Dec 31, 2020 ASSETS Non-current assets Goodwill 92,380 83,685 Other intangible assets 28,807 26,011 Tangible assets 24,759 25,698 Investments at fair value through other comprehensive income 418 378 Other non-current receivables 54 54 Deferred tax assets 731 493 Non-current assets, total 147,150 136,320 Current assets Inventory 376 336 Work in progress 26,810 17,764 Trade and other receivables 47,988 38,883 Current tax assets 273 208 Cash and cash equivalents 30,356 24,407 Current assets, total 105,803 81,598 TOTAL ASSETS 252,953 217,918 EQUITY AND LIABILITIES Equity Share capital 5,000 5,000 Share premium account 6,701 6,701 Unrestricted equity fund 22,037 20,101 Own shares -1,245 -124 Cumulative translation adjustment -3,473 -2,884 Other reserves 133 101 Retained earnings 69,761 58,178 Equity, total 98,914 87,074 Non-current liabilities Deferred tax liabilities 7,408 6,502 Loans from financial institutions 30,350 12,900 Lease liabilities 8,777 8,608 Other non-current liabilities 827 27 Non-current liabilities, total 47,362 28,038 Current liabilities Loans from financial institutions 25,453 27,583 Lease liabilities 13,894 15,883 Advances received 3,891 2,770 Trade and other payables 61,673 54,608 Current income tax liabilities 1,766 1,962 Current liabilities, total 106,677 102,806 Liabilities, total 154,039 130,844 TOTAL EQUITY AND LIABILITIES 252,953 217,918 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, 2021 Jan 1 - Dec 31, 2020 OPERATING CASH FLOW Cash receipts from customers 287,564 267,784 Operating expenses paid -253,056 -223,600 Operating cash flow before financial items and taxes 34,508 44,184 Interest and payment paid for financial expenses -1,289 -1,257 Interest received 80 79 Income taxes paid -6,205 -5,010 Operating cash flow (A) 27,093 37,997 INVESTING CASH FLOW Purchase of tangible and intangible assets -2,157 -1,639 Acquisition of subsidiaries, net of cash acquired -14,255 -5,885 Proceeds from sale of tangible and intangible assets 17 30 Proceeds from repayment of loans 73 0 Investing cash flow (B) -16,321 -7,494 Cash flow after investments (A+B) 10,772 30,503 FINANCING CASH FLOW Proceeds from directed share issue 1,936 0 Purchase of own shares -1,382 0 Issue of new current loans 6,941 11,698 Repayments of current loans -30,060 -12,217 Issue of new non-current loans 37,503 0 Repayments of non-current loans -6 -695 Payment of lease liabilities -11,478 -12,131 Dividend paid -8,461 -8,682 Financing cash flow (C) -5,007 -22,028 Variation in cash (A+B+C) increase (+) / decrease (-) 5,765 8,475 Assets at the beginning of the financial period 24,407 15,878 Exchange gains or losses on cash and cash equivalents 184 55 Assets at the end of the financial period 30,356 24,407 The notes are an integral part of the Financial Statements. 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