Etteplan Q2: Positive development continued

ETTEPLAN OYJ STOCK EXCHANGE RELEASE AUGUST 14, 2012 AT 02:00 P.M.

ETTEPLAN Q2: Positive development continued

Review period April-June 2012

– The Group’s revenue grew by 14.2% and was EUR 35.0 million (4-6/2011: EUR 30.6 million).
– Operating profit improved by 25.8% and was EUR 2.4 million (EUR 1.9 million).
– The profit for the review period was EUR 1.7 million (EUR 1.2 million).
– Operating cash flow increased and was EUR 2.4 million (EUR 1.5 million).
– Earnings per share were EUR 0.09 (0.06).
– The Group had 1, 784 employees at the end of the period (1, 651).
– Etteplan keeps its estimate for the outlook 2012 presented in Q1 interim report.

Review period January-June 2012

– The Group’s revenue grew by 17.1% and was EUR 70.6 million (1-6/2011: EUR 60.3 million).
– Operating profit improved by 63.8% and was EUR 5.0 million (EUR 3.0 million).
– The profit for the review period was EUR 3.4 million (EUR 1.9 million).
– Operating cash flow increased and was EUR 4.0 million (EUR -0.5 million).
– Earnings per share were EUR 0.18 (0.09).
– Etteplan acquired the entire share capital of Dutch-based Tedopres International B.V.,
  a company focusing on technical product information solutions.

Outlook 2012

The development of Etteplan’s customers’ order books quickly influences the development of Etteplan’s revenue. The current order books of Etteplan’s major customers are on average at a good level. We estimate that our market position will remain strong and the sales of our product solutions will develop favourably.

We expect the revenue and operating profit for the year 2012 to grow clearly compared to 2011.

Key figures

Juha Näkki, President and CEO of Etteplan Oyj comments on the interim report:

“Our steady positive development continued during the second quarter. We improved our operating profit and cash flow markedly in the first part of the year as a result of actions based on our strategy. Shifting toward higher added-value services brought results. Our revenue improved, but the growth slowed down during the second quarter. This was caused by the smaller number of working days in comparison to the first quarter (1-3/2012) and the reference period (4-6/2011).

The integration of the advanced technical product information systems of the Dutch Tedopres International, acquired in March, into the Group’s service offering progressed swiftly. Tedopres provides Etteplan’s customers controlled English language (Simplified Technical English) and illustration (Simplified Technical Illustrations) solutions and software solutions by which the costs of technical product information decline significantly. The new services were received very positively by our customers, and the first orders including the application of Tedopres methods and tools were placed in China. I expect that technical product information will offer us significant growth opportunities as a part of Etteplan’s overall service offering.

During the beginning of the year the nature of competition in machinery and equipment design has changed, becoming even more international. Large manufacturers of machinery and equipment expect global engineering design services. I am satisfied with Etteplan’s success in the changing competitive situation.

Despite the increased economical uncertainty we estimate the outlook for 2012 to remain unchanged. Etteplan’s key customers are mainly global companies operating extensively in emerging markets outside Europe. This provides a strong basis for the development of our operations.”  

Hollola, August 14, 2012

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372

The information presented herein has not been audited.

Releases and other corporate information are available on Etteplan’s Web site at www.etteplan.com .

DISTRIBUTION:
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Major media
www.etteplan.com

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Etteplan’s engineering expertise and service products cover the entire life cycle of the client’s products. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defense 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 2011, Etteplan had turnover of EUR 119.4 million. The company currently has close to 1, 800 experts in Finland, Sweden, China and the Netherlands. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.