Etteplan Oyj - Interim report (Q1 and Q3)

ETTEPLAN Q2: GROWTH CONTINUED

Hollola, Finland, 2011-08-11 13:00 CEST (GLOBE NEWSWIRE) -- ETTEPLAN OYJ,
INTERIM REPORT, AUGUST 11, 2011, AT 2:00 P.M. 



ETTEPLAN Q2: GROWTH CONTINUED

Review period April-June 2011

- The Group's revenue for continuing operations grew 14.4% and was EUR 30.6
million (4-6/2010: EUR 26.8 million). 

- Operating profit for continuing operations was EUR 1.9 million (EUR 1.9
million). 

- Profit for the period for continuing operations was EUR 1.2 million (EUR 1.2
million). 

- Operating cash flow was EUR 1.3 million (EUR 1.8 million).

- Earnings per share for continuing operations were EUR 0.06 (EUR 0.06).

- The number of personnel at the end of the period was 1,651 (1,483).

- Company keeps its estimate for outlook 2011 the same.



Review period January-June 2011

- The Group's revenue for continuing operations grew 16.8% and was EUR 60.3
million (1-6/2010: EUR 51.6 million). 

- Operating profit for continuing operations was EUR 3.0 million (EUR 3.0
million). 

- Profit for the period for continuing operations was EUR 1.9 million (EUR 1.9
million). 

- Operating cash flow was EUR -0.9 million (EUR -0.9 million).

- Earnings per share for continuing operations were EUR 0.09 (EUR 0.08).



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)                                                        
                               4-6/2011  4-6/2010  1-6/2011  1-6/2010  1-12/2010
Revenue                          30,648    26,782    60,293    51,635    104,786
Operating profit/loss             1,870     1,859     3,029     2,984      6,054
Operating profit/loss, %            6.1       6.9       5.0       5.8        5.8
Profit/loss for the period        1,153     1,211     1,890     1,903      4,347
Profit/loss for the period, %       3.8       4.5       3.1       3.7        4.1
Equity ratio, %                    43.1      42.6      43.1      42.6       43.6
Net gearing %                      42.2      30.4      42.2      30.4       24.1
Total assets                     66,107    61,775    66,107    61,775     67,653
*) continuing operations                                                        

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

”Business operations of Etteplan's central customers continued to develop
favorably and as a consequence demand for our company's design services
remained at a good level in the review period. 

Our company's revenue grew 14 per cent in the review period. Operating profit
was at the same level with the comparison period, but improved compared to the
beginning of the year. Operating profit for business operations in Sweden
developed favorably compared to the previous quarter. However, it still
remained at a low level. Measures to develop the profitability of operations in
Sweden continue. 

We continued recruitment in all our market areas. The utilization rate of
design capacity was at a good level and we estimate that the utilization rate
of capacity will remain at a good level during the rest of the year.
Rationalization measures executed in the beginning of the year will improve
profitability towards the end of the year. ” 



Hollola, August 11, 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_Q2_2011_EN.pdf