Financial targets

Etteplan updated its financial targets in December 2019. The new targets are valid as of January 1, 2020.

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) over 10 per cent of revenue.

Financial guidance 2024 (October 15, 2024)
Etteplan is lowering its previous estimate of revenue and operating profit (EBIT) for 2024 due to the market demand and the restructuring of our business and organization.  According to the new estimate, the revenue is estimated to be EUR 355-370 million (2023: 360.0) and operating profit (EBIT) to be EUR 18-22 million (2023: 25.5).

Financial guidance 2024 (August 28, 2024)
Etteplan is lowering its previous estimate of 2024 revenue and operating profit (EBIT) due to the weaker-than-expected market demand and business development. According to the new estimate, the revenue is estimated to be EUR 360-375 (2023: 360.0) million and operating profit (EBIT) to be EUR 24-27 (2023: 25.5) million.

Previous financial guidance 2024 (August 8, 2024)
Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and issues the following estimate:
Revenue in 2024 is estimated to be EUR 375–390 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 28–30 (2023: 25.5) million.