ETTEPLAN OYJ Interim Report May 7, 2026, at 1.00 p.m. (EEST)
ETTEPLAN Q1 2026: We continued investing in AI solutions despite the difficult
market
Key points January-March 2026
· The implementation of the strategy continued, and the share of revenue
derived from AI-driven service solutions developed by Etteplan increased and was
6 (2) percent during the review period.
· The Group's revenue decreased by 4.6 percent and was EUR 90.5 million (1
-3/2025: EUR 94.9 million). At comparable exchange rates, revenue decreased by
5.4 percent.
· Operating profit (EBITA) decreased by 36.1 percent and was EUR 3.7 (5.8)
million, or 4.1 (6.1) percent of revenue.
· Operating profit (EBIT) decreased by 47.8 percent and was EUR 2.2 (4.2)
million, or 2.4 (4.4) percent of revenue.
· The combined effect of non-recurring items on operating profit (EBITA) and
operating profit (EBIT) in January-March was EUR -0.7 (-1.3) million.
· Operating cash flow declined and was EUR 4.1 (5.0) million.
· Basic earnings per share was EUR 0.04 (0.09).
Etteplan also monitors non-IFRS performance measures because they provide
additional information on Etteplan's development. More information on
performance measures is provided at the end of the release.
Key figures
EUR 1,000 1-3/2026 1-3/2025 1-12/2025
Revenue 90,507 94,868 361,417
Operating profit (EBITA) 3,695 5,779 24,224
EBITA, % 4.1 6.1 6.7
Operating profit (EBIT) 2,169 4,155 17,866
EBIT, % 2.4 4.4 4.9
Basic earnings per share, EUR 0.04 0.09 0.42
Equity ratio, % 41.1 38.7 40.8
Operating cash flow 4,130 5,013 32,005
ROCE, % 4.5 7.8 8.3
Personnel at end of the period 3,748 3,918 3,777
President and CEO Juha Näkki:
Tensions in global politics continued to have a significant impact on market
conditions in the first quarter. The discussions regarding Greenland in January,
followed by the outbreak of war in Iran in late February and its spillover
effects, led to a situation where our customers made hardly any decisions on new
projects, and even ongoing projects were postponed or canceled. The uncertainty
also slowed consumer demand, which further weakened the market situation.
Investments continued in the defence industry and the energy industry, and the
mining industry again showed signs of recovery, but the demand situation in our
other customer industries was very difficult.
Our revenue and operating profit declined due to the difficult market situation.
We had to implement new adaptation measures during the review period, which had
a negative impact on our result. In the Software and Embedded Solutions service
area, we implemented significant organizational restructuring measures to
respond to the weak demand situation and adapt our competence base to the
changes and developments in the industry.
Despite the difficulties, we continued to invest in the implementation of our
strategy and, in particular, the development of our service offering during the
review period. The share of our revenue represented by AI-driven service
solutions increased to six percent. During the review period and immediately
thereafter, we launched new and updated AI-driven service solutions that have
attracted interest among our customers. We expect that the new solutions will
enable us to accelerate the growth of the share of revenue represented by AI
-driven service solutions and return to a growth trajectory during this year.
Due to the weak first quarter and difficult market situation, we make an
adjustment to our financial guidance with regard to operating profit. However,
discussions and tendering activity on new projects, especially with regard to
our new service offering, picked up significantly during the review period,
which gives us confidence in the effectiveness of our strategy and future
development. Nevertheless, market uncertainty and risk levels remain high in the
prevailing circumstances, and we are closely monitoring the situation.
Market outlook 2026
The most important factor affecting Etteplan's business is the global
development of the machinery and metal industry. Geopolitical tensions and the
spillover effects of armed conflicts on the markets have further increased
global uncertainty. This weakens consumer demand and has a significant impact on
our customers' decision-making. Very few new investments are being started, and
projects are still being suspended and postponed. This weakens our demand
situation and makes it very difficult to predict the market situation. The
defence industry and the energy industry remain the segments in which demand is
developing favorably. In our other customer industries, investments are
generally at a low level, and the demand situation remains difficult.
Financial guidance 2026
Etteplan issues guidance for revenue and operating profit (EBIT) as a numerical
range.
Etteplan specifies its financial guidance for operating profit (EBIT) within the
previously communicated range.
Etteplan estimates that revenue in 2026 will be EUR 360-380 (2025: 361.4)
million.
Etteplan estimates that operating profit (EBIT) in 2026 will be EUR 19-23 (2025:
17.9) million.
Previous financial guidance 2026 (February 12, 2026)
Revenue in 2026 is estimated to be EUR 360-380 (2025: EUR 361.4) million.
Operating profit (EBIT) in 2026 is estimated to be EUR 19-25 (2025: 17.9)
million.
Disclosure procedure
This stock exchange release is a summary of Etteplan's January-March 2026
Interim Report. The complete Interim Report is attached to this stock exchange
release in pdf format and is also available on Etteplan's website at
www.etteplan.com (https://www.etteplan.com/investors).
Conference call and live webcast today, May 7, 2026
Etteplan's President and CEO Juha Näkki will present the Company's results for
January-March 2026 in a conference call and a live webcast, held in English
language, on May 7, 2026 starting at 2.30 p.m. (EEST).
Questions can be asked in Finnish and in English after President and CEO's
presentation only through conference call connection. Participants must register
through this link https://events.inderes.com/etteplan/q1-2026/dial
-in (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.ind
eres.com%2Fetteplan%2Fq1-2026%2Fdial
-in&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ce5accf5f758b4d452e3608dea44fdf
05%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C639128860149073792%7CUnknown%7CTW
FpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWF
pbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=3Hip8XQbedPtmawXut8qykTsRh3ZN0fHgZy3hHj6
%2FRs%3D&reserved=0) to ask questions through the conference call lines. After
registering the participants will receive a teleconference number and a code to
join the call. The participants are asked to press *5 to join the queue for
questions.
Juha Näkki's presentation can be followed as a live webcast on
https://etteplan.events.inderes.com/q1
-2026 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan
.events.inderes.com%2Fq1
-2026&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ce5accf5f758b4d452e3608dea44f
df05%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C639128860149036574%7CUnknown%7C
TWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiT
WFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=uTLFPeWvInXZrrmo%2BaCqbRV9iB%2FgAyPg2w
Kvg%2B%2FC6pk%3D&reserved=0). The webcast starts at 2.30 p.m. (EEST). A
recording of the webcast will be available later at
www.etteplan.com (https://www.etteplan.com/Investors).
Espoo, May 7, 2026
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at
www.etteplan.com (https://www.etteplan.com/investors).
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan in brief
Etteplan is a growing technology service company with the purpose of bringing
people and technology together to change things for the better. Together with
our customers, we are building a world where every system, process, and product
can be made smarter, more efficient, and more sustainable. Our customers include
the world's leading companies in the manufacturing industry. In 2025, we had a
revenue of EUR 361.4 million and around 4,000 professionals in Finland, Sweden,
the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are
listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com