Etteplan specifies its' financial guidance for 2013
ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, OCTOBER 1, 2013, AT 08:30 A.M.
ETTEPLAN SPECIFIES ITS’ FINANCIAL GUIDANCE FOR 2013
Etteplan Oyj’s estimate for market outlook remains the same as stated in interim report for second quarter of year 2013 on August 15, 2013 and the company specifies its’ financial guidance. The new financial guidance specifies the previously published guidance.
Outlook for 2013
Market outlook
Changes in Etteplan’s customers’ order books quickly influence the development of Etteplan’s revenue. At the end of the review period, the order books of Etteplan’s major customers were, on average, at a lower level than in the corresponding period in 2012. We estimate that the demand situation for engineering design services continues to be challenging.
Financial guidance
We expect the revenue for the year 2013 to be on the same level as in year 2012 and the operating profit for the year 2013 to be approximately EUR seven (7) million.
Previous estimate of outlook for 2013
Market outlook
Changes in Etteplan’s customers’ order books quickly influence the development of Etteplan’s revenue. At the end of the review period, the order books of Etteplan’s major customers were, on average, at a lower level than in the corresponding period in 2012. We estimate that the demand situation for engineering design services continues to be challenging.
Financial guidance
We expect the revenue for the year 2013 to be on the same level as in year 2012 and the operating profit for the year 2013 to be lower than in year 2012.
Hollola, October 1, 2013
Etteplan Oyj
Board of Directors
Additional information:
Heikki Hornborg, Chairman of the Board, tel. +358 400 873 063
Juha Näkki, President and CEO, tel. +358 400 606 372
DISTRIBUTION:
NASDAQ OMX
Helsinki Major media
www.etteplan.com
Etteplan provides engineering services and technical product information solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products 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 2012, Etteplan had turnover of EUR 134.5 million. The company has more than 1,700 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.