Etteplan Oyj - Interim report (Q1 and Q3)

ETTEPLAN Q1: Revenue continued to grow - operating profit improves towards the end of the year

Hollola, Finland, 2011-05-05 13:00 CEST (GLOBE NEWSWIRE) -- ETTEPLAN OYJ, STOCK
EXCHANGE RELEASE, MAY 5, 2011, AT 02:00 P.M. 



ETTEPLAN Q1: Revenue continued to grow - operating profit improves towards the
end of the year 

Review period January-March 2011

- The Group's revenue for continuing operations grew 19.3% and was EUR 29.6
million (1-3/2010: EUR 24.9 million). 

- Operating profit for continuing operations was EUR 1.2 million (EUR 1.1
million). 

- Profit for the period for continuing operations was EUR 0.7 million (EUR 0.7
million). 

- Operating cash flow was EUR -2.1 million (EUR -2.7 million).

- Earnings per share for continuing operations were EUR 0.03 (EUR 0.03).

- Number of personnel at the end of the period was 1,574 (March 31, 2010:
1,500). 

- Company keeps its estimate for outlook 2011 the same as it was in financial
statement release published on February 15, 2011. 



Outlook 2011

Current market outlook of machinery and equipment manufacturers is positive.
The development of Etteplan's customers' order books influences quickly the
development of Etteplan's revenue. 

We expect the revenue and operating profit for the year 2011 to grow compared
to year 2010. 

Potential acquisitions in 2011 are not included in the estimate.



Key figures* (EUR 1 000)

                               1-3/2011  1-3/2010  1-12/2010
Revenue                          29,645    24,853    104,786
Operating profit/loss             1,159     1,125      6,054
Operating profit/loss, %            3.9       4.5        5.8
Profit/loss for the period          737       692      4,347
Profit/loss for the period, %       2.5       2.8        4.1
Equity ratio, %                    41.5      39.8       43.6
Net gearing, %                     34.2      31.3       24.1
Total assets                     67,515    61,492     67,653
*) continuing operations                                    



Matti Hyytiäinen, President and CEO of Etteplan Oyj, comments on the interim
report: 

“Business of Etteplan's central customers' developed positively and as a
consequence demand for design services was at a good level. Our revenue grew
almost with a fifth compared to the comparison period and we are satisfied with
the achievements of our active sales work. Operating profit remained at the
comparison period's level due to low profitability of business in Sweden in the
beginning of the year during January-February. Operating profit was also
burdened by several non-recurring investment items which prepare us for
carrying out of coming customer projects. Most significant of these investments
were related to IT-system development, personnel reorganization and
recruitment. We continued recruitment in all our key market areas. Despite the
increase in working capital caused by the strong growth, operating cash flow
improved compared to the comparison period. We expect the operating profit to
improve towards the end of year 2011.” 



Hollola, May 5, 2011

Etteplan Oyj

Board of Directors



Additional information:

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



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



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 1,600 employees. Etteplan's shares are listed on NASDAQ OMX
Helsinki Ltd under the ETT1V ticker.

Attachments:

Etteplan_Q1_2011_EN.pdf