Etteplan Oyj - Interim report (Q1 and Q3)

Etteplan Q1: Operating profit and revenue improved significantly

ETTEPLAN OYJ STOCK EXCHANGE RELEASE MAY 8, 2012 AT 02:00 P.M.


Etteplan Q1: Operating profit and revenue improved significantly

Review period January-March 2012

  -- The Group's revenue grew 20.2% and was EUR 35.6 million (1-3/2011: EUR 29.6
     million).
  -- Operating profit improved 125.1% and was EUR 2.6 million (EUR 1.2 million).
  -- The profit for the review period was EUR 1.7 million (EUR 0.7 million).
  -- Operating cash flow increased and was EUR 1.6 million (EUR -2.0 million).
  -- Earnings per share were EUR 0.09 (0.03).
  -- Etteplan acquired the entire share capital of the Dutch-based Tedopres
     International B.V.,
  -- Etteplan revises its estimate for the outlook 2012 presented in the
     Financial Statement Release.

Outlook 2012

The development of Etteplan's customers' order books quickly influences the
development of Etteplan's revenue. The current order books of Etteplan's major
customers are on average at a good level. We estimate that our market position
will remain strong and the sales of our product solutions will develop
favourably. 

We expect the revenue and operating profit for the year 2012 to grow clearly
compared to 2011. 

Previous estimate of outlook

At the beginning of 2012, the order books of major customers operating in
Scandinavia are at a good level. We estimate that demand for design and product
information services will continue to grow also in China. Changes in Etteplan's
customers' order books quickly influence the development of Etteplan's revenue. 

We expect the revenue and operating profit of the first six months of 2012 to
grow compared to the first half of 2011. 

Key figures

(EUR 1 000)                      1-3/20          1-3/20          1-12/20        
                                     12              11               11        
Revenue                          35,626          29,645          119,448        
Earnings before interest, tax,    3,083  (8.7%)   1,539  (5.2%)    8,478  (7.1%)
 depreciation and amortization                                                  
 and share of result of                                                         
 associates (EBITDA)                                                            
Operating profit (EBIT)           2,609  (7.3%)   1,159  (3.9%)    6,885  (5.8%)
Basic earnings per share, EUR      0.09            0.03             0.20        
Equity ratio, %                    25.7            41.5             31.1        
Return on capital employed         25.5            12.4             17.6        
 (ROCE) before taxes, %                                                         
Personnel at end of the period    1,777           1,574            1,659        

 Juha Näkki, President and CEO of Etteplan Oyj comments on the interim report:

“We managed to increase our market share in several global accounts,
particularly with the aid of our service products. This kept the utilization
rate of engineering design capacity at a good level and made strong growth
possible. Service products and solutions have had a significant position in the
development of the Group's business operations and had a positive impact on
revenue and operating profit growth. 

During the review period, we refocused our strategy to improve its alignment
with market development and enhanced our organization to correspond to the
updated strategy. In line with our strategy, we invested in the development of
technical product information methods by acquiring the entire share capital of
the Dutch-based Tedopres International B.V. Tedopres' advanced solutions
complement Etteplan's service offering and form an excellent foundation for
continued growth in the current customer industries. This acquisition opens up
new opportunities both in the Central European market and in new customer
industries and makes Etteplan one of the leading technical product information
companies in Europe, with more than 300 specialists. 

I am very satisfied with the positive development in the first quarter of the
year. We have worked determinedly to harmonize operations and develop our
business. I believe that the positive development will continue during the rest
of 2012.” 


Hollola, May 8, 2012


Etteplan Oyj

Board of Directors


Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372


DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.etteplan.com


Etteplan is a specialist in industrial equipment engineering and technical
product information solutions and services. Etteplan's engineering expertise
and service products cover the entire life cycle of the client's products. Our
customers are global leaders in their fields and operate in areas like the
automotive, aerospace and defense 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 2011, Etteplan had turnover of EUR 119.4 million. The company currently has
close to 1,800 experts in Finland, Sweden, China and the Netherlands.
Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.

Attachments:

Etteplan_2012_Q1_EN.pdf