ETTEPLAN STARTS TO PUBLISH KEY FIGURES OF ITS THIRD SERVICE AREA
ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, JUNE 22, 2016, AT 11.00 A.M.
ETTEPLAN STARTS TO PUBLISH KEY FIGURES OF ITS THIRD SERVICE AREA
Etteplan acquired Espotel and Soikea Solutions and expanded its business operations in Embedded Systems and into Internet of Things (IoT) as of April 4, 2016. In addition to Engineering services and Technical Documentation services, Embedded Systems and IoT represents Etteplan’s third service area. With these three service areas, Etteplan has a unique service concept in the engineering services industry covering intelligent devices, documentation and industrial internet applications.
Embedded Systems and IoT services refer to all product creation and technology solutions that enable digital connectivity of products and machinery, for example consultation, research and development, test laboratory and production test systems. Etteplan’s services cover also the development of business systems, mobile applications and integrations for comprehensive IoT solutions.
Etteplan starts to publish key figures of its third service areas from reporting of the second quarter of 2016 onwards. Key figures for all Etteplan’s three service areas are: revenue, EBIT from business operations and MSI (Managed Services Index) which represents the share of revenue accounted for by high value-added services. EBIT from business operations reflects operational performance: it does not include acquisition-related items, such as amortization on PPA allocations and earn out revaluations. With the publication of key figures Etteplan increases the transparency of the implementation of Company’s business strategy and realization of targets.
The revenues of Espotel and Soikea Solutions totaled in 2015 at approximately EUR 29 million. The combined revenue of the acquired companies and Etteplan’s Embedded Systems and IoT business in 2015 was approximately EUR 40 million. The revenue of Etteplan’s Embedded Systems and IoT business, approximately EUR 11 million, has been previously reported in the Engineering services revenue.
Company’s organization structure will continue to be a combination of matrix and country-based organizations. Etteplan’s external reporting will continue to follow this organization structure.
Vantaa, June 22, 2016
Etteplan Oyj
Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan’s services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are 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 2015, Etteplan had turnover of EUR 141.1 million. The company has about 2,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETT1V ticker.