Etteplan is releasing a positive profit warning and raises its guidance for 2020

Revenue is expected to be about on the same level as in the previous year and operating profit (EBIT) slightly decreasing or being on the same level than the previous year

Etteplan Oyj, Stock Exchange Release/Insider information December 17, 2020 at 1 p.m. EET

In its Interim Report published on October 29, 2020, Etteplan estimated that its revenue for 2020 will decrease slightly or be at the same level as in the previous year, while operating profit (EBIT) will decrease clearly compared to 2019.

Etteplan now raises its earlier estimate on the development of revenue and operating profit in 2020. According to the new estimate, the revenue is expected to be about on the same level as in the previous year and operating profit (EBIT) slightly decreasing or being on the same level than the previous year.

Positive development of the outlook is effected especially by the improved demand during the latter part of the year. 
”According to our view the positive news of Corona vaccine and the start of the vaccinations have decreased uncertainty in the market and boosted investments in product development and production,” says Juha Näkki, President and CEO of Etteplan.

Etteplan´s Financial Statement Release 2020 will be issued on Thursday February 11, 2021.

More information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

Distribution:
Nasdaq Helsinki
Main media
www.etteplan.com

Etteplan in brief

Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical documentation 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 2019, Etteplan had a turnover of approximately EUR 263 million. The company currently has over 3,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com