ETTEPLAN REVISES INTERNATIONAL OPERATIONS
Press release – Published: 29.11.2007 9:00:00
Etteplan revises its’ international business operations model. The actions to be taken aim to better customer service, volume increase in international business and improvement in profitability. As one action Etteplan has decided to change the St Petersburg’s representative office into a locally operating subsidiary. Also in Central and Southern Europe the company will change its’ operations model. The new model is based on serving customers locally by exploiting entire resources of Etteplan Group. As part of the renewal the current loss-making operations in Germany are closed down. The reorganization does not have a significant effect on result of the current quarter and due to these measures the German operations are expected to be profitable already in next year. Hollola, 29 November 2007 Etteplan Oyj Heikki Hornborg CEO For further information, please contact CEO Heikki Hornborg, tel. +358 400 873 063. DISTRIBUTION OMX Nordic Exchange Helsinki Principal media www.etteplan.com