Fact Sheet PDF

We are a progressive group of 4,000 global engineering specialist who are working to spark positive change in the world of engineering. We believe that solving tomorrow's engineering challenges will require a different, more structured, focused approach.

Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical communication 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 2022, Etteplan had a turnover of approximately EUR 350 million. The company employs 4,000 experts in Finland, Sweden, Denmark, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.

Share Graph

Share information

08/12/2023

Symbol	ETTE
Market	Helsinki
Currency	EUR
Previous Close	14.30
Change (%)	2.88

ISIN	FI0009008650
Industry	Industrial Goods & Services
Volume	1,115
Number of Shares	25,200,793
Market Cap (mln)	360

Stock exchange releases
02/11/2023	Changes in Etteplan Oyj's Group Management Team
31/10/2023	ETTEPLAN Q3 2023: Forward in an uncertain market situation
24/10/2023	Etteplan’s January-September 2023 interim report to be published on October 31, 2023
24/10/2023	Etteplan invests significantly in Jyväskylä testing laboratory – test capacity doubles and workforce increases
09/10/2023	Etteplan and Weckman Steel Oy start cooperation in trailer engineering
18/09/2023	Etteplan Oyj’s financial information in 2024
18/09/2023	Etteplan releases a profit warning and lowers and specifies its guidance for 2023
12/09/2023	Stora Enso’s Sunila mill Technology and Investment department will be transferred to Etteplan

Major Shareholders (30/11/2023)	Shares	% of Total
Ingman Group Oy Ab	16,670,000	66.15
Oy Fincorp Ab	2,537,271	10.07
Varma Mutual Pension Insurance Company	985,593	3.91
Tuori Klaus Tapani	309,134	1.23
Tuori Aino Mirjami	308,275	1.22
Ilmarinen Mutual Pension Insurance Company	298,311	1.18
Elo Mutual Pension Insurance Company	262,000	1.04
VAS Invest Oy	194,035	0.77
Taaleritehdas Mikro Markka Fund	154,048	0.61
OP-Finland Small Firms Fund	111,436	0.44
10 largest owners total	21,830,103	86.62
Number of shares total	25,200,793	100.00

Key financial data

EUR 1,000, Financial period Jan 1 - December 31	9M2023 IFRS	2022 IFRS	2021 IFRS	2020 IFRS	2019 IFRS
Revenue	264,763	350,170	300,111	259,702	263,292
Change in revenue, %	2.2	16.7	15.6	-1.4	11.3
Operating profit (EBITA)	21,322	33,915	30,139	26,172	25,964
% of revenue	8.1	9.7	10.0	10.1	9.9
Operating profit (EBIT)	17,340	28,622	25,754	22,380	22,819
% of revenue	6.5	8.2	8.6	8.6	8.7
Return on equity, %	13.5	17.7	21.6	20.8	24.1
ROCE, %	12.2	15.9	16.0	16.0	19.9
Equity ratio, %	39.3	38.2	39.7	40.5	38.9
Gross investments	17,495	40,940	30,582	29,697	36,908
% of revenue	6.6	11.7	10.2	11.4	14.0
Net gearing, %	68.1	66.8	48.6	46.6	52.6
Personnel at year end	4,010	3,951	3,629	3,267	3,447
Operating cash flow	22,985	28,095	27,093	37,997	32,884
Earnings per share, EUR	0.43	0.73	0.80	0.69	0.70
Dividend, EUR		0.36	0.40	0.34	0.35

Financial targets

	FINANCIAL TARGETS
Growth	Revenue more than EUR 500 million in 2024.
International growth	The share of revenue coming from outside Finland more than 55 per cent of revenue in 2024.
Managed Services	The share of revenue coming from Managed Services (Managed Services Index, MSI) 75 per cent of revenue in 2024.
Profitability	Operating profit (EBITA) more than 10 per cent of revenue.