Etteplan Oyj - Interim report (Q1 and Q3)

Etteplan Q3: Revenue increased clearly

ETTEPLAN OYJ, INTERIM REPORT, OCTOBER 29, 2015 AT 02.00 P.M.


ETTEPLAN Q3: REVENUE INCREASED CLEARLY

Review period July-September 2015

- The Group's revenue increased by 8.0% and was EUR 31.9 million
  (7-9/2014: EUR 29.5 million). At comparable exchange rates revenue increased
by 8.5%. 
- EBIT from business operations was EUR 1.9 million (EUR 1.4 million),
  or 5.9% (4.8%) of revenue.
- Operating profit (EBIT) was EUR 1.7 million (EUR 1.7 million), or 5.2% (5.9%)
of revenue. 
- The profit for the review period was EUR 1.3 million (EUR 1.4 million).
- Operating cash flow was EUR -1.7 million (EUR -0.5 million).
- Earnings per share were EUR 0.06 (EUR 0.06).
- The number of personnel increased and the Group had 2,078 employees at the
end of 
  the period (1,864).
- Etteplan strengthened its position in plant engineering by acquiring the
business of 
  Suunnittelu ja Asennusten Valvonta - SAV Oy and its subsidiaries in August.
The 
  business of SAV Oy and its subsidiaries were transferred to Etteplan on
September 1, 2015. 
- Etteplan updates its financial targets by making a change to its operating
profit 
  target of 10%. The new target is EBIT from business operations of 10%.
- Etteplan keeps its estimate of market outlook and financial guidance
unchanged. 

Review period January-September 2015

- The Group's revenue increased by 4.4% and was EUR 100.8 million
   (1-9/2014: EUR 96.5 million). At comparable exchange rates revenue increased
by 5.0%. 
- EBIT from business operations was EUR 6.7 million (EUR 4.7 million)
  or 6.6% (4.9%) of revenue.
- Operating profit (EBIT) was EUR 6.0 million (EUR 5.2 million) or 6.0% (5.4%)
of revenue. 
- The profit for the review period was EUR 4.4 million (EUR 4.0 million).
- Operating cash flow was EUR 2.1 million (EUR 0.8 million).
- Earnings per share were EUR 0.22 (EUR 0.19).

Market outlook

The most important factor in the development of Etteplan's business operations
is the global development of the machinery and metal industry. In spite of
political uncertainty, the European markets are showing small signs of
improvement. Increased uncertainty in the Asian markets is estimated to
continue. The good market situation in North America is expected to continue. 

Financial guidance

We expect the revenue and operating profit for the year 2015 to grow clearly
compared to 2014. 

Key figures

(EUR 1,000)                     7-9/2015  7-9/2014  1-9/2015  1-9/2014  1-12/201         4
--------------------------------------------------------------------------------
Revenue                           31,880    29,529   100,770    96,548   131,916
EBIT from business operations*     1,894     1,406     6,656     4,740     7,394
EBIT from business operations,       6.2       4.8       6.7       4.9       5.6
 %                                                                              
Operating profit (EBIT)            1,655     1,749     6,011     5,179     7,856
EBIT, %                              5.2       5.9       6.0       5.4       6.0
Basic earnings per share, EUR       0.06      0.06      0.22      0.19      0.30
Equity ratio, %                     37.0      35.7      37.0      35.7      39.5
Operating cash flow               -1,717      -544     2,115       818     7,754
ROCE, %                             14.0      14.5      15.9      14.8      17.8
Personnel at end of the period     2,078     1,864     2,078     1,864     1,859
* EBIT excluding acquisition related items such as amortization on PPA          
 allocations and earn out revaluations                                          


President and CEO Juha Näkki:

“Our revenue growth rate improved in the third quarter compared to the previous
quarters. Growth was affected by the acquisitions carried out during the review
period. Our operating profit was slightly lower than in the comparison period
due to a positive non-recurring item recognised in the comparison period. Our
EBIT from business operations, however, showed a clear improvement. 

In engineering services, we strengthened our market position in plant
engineering by acquiring the business of SAV Oy. The acquisition makes Etteplan
a significant operator in plant engineering in Finland. The integration of SAV
Oy's business into Etteplan has started according to plan, and our customers
have responded to the acquisition in a very positive manner. We now have the
ability to carry out larger plant engineering projects than before, and we have
already received requests for quotations for significant projects. Plant
engineering offers us excellent growth opportunities going forward. 

In technical documentation, the development of our business was excellent
during the review period. Growth exceeded the Group's growth target of 15 per
cent again and profitability was at a good level. We acquired the business
operations of the Dutch company Thesus Talking Image during the review period,
which strengthened our technical illustration expertise in the Netherlands. The
transaction signed after the end of the review period with arvato AG, a
subsidiary of the Bertelsmann Group from Germany, further strengthens our
position in the Netherlands and allows us to expand our operations in the area
of technical documentation to the German market. 

Towards the end of the review period, uncertainty in the Finnish market
increased slightly and turbulence in the Chinese market slowed our development
in China. We nevertheless made progress in the implementation of our strategy
according to plan and we will continue to make investments to develop our
business and accelerate growth.” 

Disclosure procedure

Etteplan follows the disclosure procedure enabled by Disclosure obligation of
the issuer (7/2013) published by the Finnish Financial Supervision Authority.
This stock exchange release is a summary of Etteplan's January-September 2015
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. Investors are advised to review the complete interim report
with tables. 

Conference call and live webcast today, October 29, 2015

Etteplan's President and CEO Juha Näkki will present Company's results for
January-September 2015 in a conference call and a live webcast for analysts and
investors, held in English language, on October 29, 2015 starting at 3.30 p.m.
Finnish time (EET). 

To participate in the conference call please dial 5-10 minutes prior to the
start of the conference to +358 9 2319 5437, event password is Etteplan2015.
Questions can be asked in English after President and CEO's presentation only
through conference call connection. 

Juha Näkki's presentation can be followed as a live webcast though a link at
Etteplan's homepage at www.etteplan.com/Investors. The live webcast starts at
3.30 p.m. Finnish time (EET). 

A recording of the webcast will be later available at the same address.

Vantaa, October 29, 2015

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:
NASDAQ OMX Helsinki
Major media
www.etteplan.com


Etteplan provides engineering services and technical documentation solutions to
the world's leading companies in the manufacturing industry. Our services are
geared to improve the competitiveness of our customers' products and
engineering processes throughout the product life cycle. The results of
Etteplan's innovative engineering can be seen in numerous industrial solutions
and everyday products. 

In 2014, Etteplan had a turnover of EUR 131.9 million. The Company has
approximately 2,100 professionals in Finland, Sweden, the Netherlands and
China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ticker
ETT1V.

Attachments:

Etteplan_Q3_2015_EN.pdf