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CORRECTION: ETTEPLAN OYJ’S FINANCIAL STATEMENT RELEASE JANAURY 1 – DECEMBER 31, 2010

Stock exchange release – Published: 18.02.2011 17:00:00

CORRECTION: ETTEPLAN OYJ’S FINANCIAL STATEMENT RELEASE JANAURY 1 – DECEMBER 31, 2010

Consolidated Statement of Comprehensive Income –table is corrected

A correction to Etteplan Oyj’s Financial Statement Release published on February 15, 2011 at 8.00 a.m. There was a mistake in the distribution of total comprehensive income attributable to equity holders of the company and non-controlling interests in consolidated statement of comprehensive income for the year 2010. The total sum presenting the distribution of income in the table, published on February 15, 2011, is presented correctly (10-12/2010: EUR 2.1 million; 1-12/2010: EUR 7.2 million). The part of total comprehensive attributable to equity holders of the company is EUR 2.1 million for October-December 2010 and EUR 7.2 million for the whole year 2010.

The corrected Consolidated Statement of Comprehensive Income is the following:  

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(EUR 1 000) 10-12/ 10-12/ 1-12/ 1-12/
2010 2009 2010 2009
Continuing operations
Revenue 30 089 25 606 104 786 98 700
Other operating income 63 -171 1 161 392
Materials and services -3 019 -2 614 -9 847 -8 077
Staff costs -20 431 -16 121 -73 368 -75 851
Other operating expenses -4 426 -5 051 -15 185 -17 155
Depreciation and amortisation -383 -387 -1 494 -1 596
Operating profit/loss 1 891 1 262 6 054 -3 587
Financial income 372 122 761 341
Financial expenses -244 -354 -758 -925
Share of the result of associates -1 -48 -291 -134
Profit/loss before taxes 2 019 981 5 766 -4 304
Income taxes -412 -492 -1 420 1 017
Profit/loss for the financial year, continuing operations 1 607 489 4 347 -3 287
Discontinuing operations
Profit/loss for the financial year, discontinuing operations 0 -549 102 -11 067
Profit/loss for the financial year 1 607 -59 4 448 -14 354
Other comprehensive income
Currency translation differences 355 36 2 620 1 245
Change in fair value of investments available for sale 139 0 139 0
Other comprehensive income, net of tax 494 36 2 759 1 245
Total comprehensive income/expense for the year 2 100 -24 7 208 -13 109
Income/expense attributable to
Equity holders of the company 1 595 -86 4 422 -14 403
Non-controlling interests 11 27 27 49
1 607 -59 4 448 -14 354
Total comprehensive income/expense attributable to
Equity holders of the company 2 071 -57 7 159 -13 164
Non-controlling interests 29 33 49 55
2 100 -24 7 208 -13 109
Earnings per share calculated from the result of parent company shareholders
Continuing operations
Basic earnings per share, EUR 0,06 0,02 0,19 -0,17
Diluted earnings per share, EUR 0,06 0,02 0,19 -0,17
Discontinuing operations
Basic earnings per share, EUR 0,00 -0,03 0,01 -0,56
Diluted earnings per share, EUR 0,00 -0,03 0,01 -0,56

Hollola, February 18, 2011

Etteplan Oyj

Group Communications

Additional information:

Matti Hyytiäinen, President and CEO, tel +358 400 710 968

DISTRIBUTION:

NASDAQ OMX Helsinki

Major media

www.etteplan.com

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defence industries as well as the electricity generation and power transmission sectors, and material flow management.

Etteplan has comprehensive competence in electronics and embedded systems development, automation and electrical design, mechanical design and technical product information solutions and services.

In 2010, Etteplan had turnover of EUR 104.8 million. The company currently has approximately 1, 700 employees. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.