contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


etteplan-elite-technology-service-company

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Juha Kinnunen

Etteplan operates in the industrial sector. The company offers consulting and installation services for industrial machinery and related systems. Examples of solutions include system development, automated solutions, technical documentation services and risk and control systems. Customers are found in various industries on a global level, especially in the automotive, aerospace and defense industries. The head office is located in Vantaa.

Here is Etteplan’s CEO Juha Näkki’s presentation about his company at the Sijoittaja 2025 event.                    Inderes              Etteplan sijoituskohteena | Sijoittaja 2025 - Inderes    Aika: 28.11.2025 klo 11.24 Etteplanin toimitusjohtaja Juha Näkki kertoo yhtiön liiketoiminnasta Sijoittaja 2025 -tapahtumassa.

Here are Roni’s comments on Etteplan’s new updated framework agreement with Vattenfall.  Etteplan announced on Thursday that it had signed a new framework agreement with Vattenfall AB. The agreement is a continuation of the companies’ long-standing cooperation, and therefore does not cause pressure for changes to our forecasts. However, the news is positive in a challenging market where the company has complained more about project postponements and cancellations.                   Inderes              Etteplan tiedotti päivitetystä puitesopimuksesta Vattenfallin kanssa - Inderes    Etteplan tiedotti torstaina allekirjoittaneensa uuden puitesopimuksen Vattenfall AB:n kanssa.

https://www.inderes.fi/releases/etteplan-signs-framework-agreement-with-one-of-europes-leading-energy-companies-for-technical-consulting-and-engineering-services\n\n\nSome positive news flow for Etteplan after a long time.

Roni has prepared a new company report on Etteplan after Q3.  Despite the negative profit warning, Etteplan’s Q3 figures did not show major drama, and profitability was even moderate. The profit warning mainly concerned the outlook for the end of the year, which emphasizes that business is not recovering in the short term and visibility for the rest of the year is weak. The valuation, even at the current weak earnings level, is still reasonable, which gives time to wait for demand to pick up. Following forecast cuts, we lower our target price to EUR 11.0 (previously EUR 11.5) and reiterate our Add recommendation.  Quoted from the report: 2025-2026 Forecasts The negative profit warning and Q3 results led us to lower our forecasts again. We now expect Etteplan’s revenue to end up at EUR 362 million in 2025 and operating profit at EUR 18.3 million. Our forecasts are thus largely around the midpoint of the new guidance range. Next year, we expect growth to pick up and revenue to grow by 3% to EUR 374 million. This would require a moderate recovery in the company’s demand but is not, in our opinion, a particularly optimistic scenario yet. Supported by growth, we also expect a clear improvement in results, and we expect operating profit to end up at EUR 23.6 million.                   Inderes              Etteplan Q3'25: Loppuvuodelle jää jännitettävää - Inderes    Etteplanin Q3-luvuissa ei ollut negatiivisesta tulosvaroituksesta huolimatta suurempaa dramatiikkaa ja kannattavuuden osalta suoritus oli jopa kohtalainen. Tulosvaroitus koskikin pääasiassa loppuvuoden näkymiä, mikä korostaa ettei liiketoiminta ole...

Etteplan’s CEO Juha Näkki was interviewed by Roni on topics such as Q3 and the future.                    Inderes              Etteplan Q3'25: ”Kannattavuus siedettävällä tasolla” - Inderes    Aika: 29.10.2025 klo 16.10 Markkinakysynnän jatkuessa heikkona Etteplan laski ohjeistusta ennen Q3-tulosjulkistusta. Haasteista huolimatta kannattavuus kehittyi positiivisesti Q3:lla ja yhtiö jatkaa investointeja erityisesti palveluratkaisujen...                             Topics: 00:00 Introduction  00:10 Background of the profit warning  01:19 Background assumptions for the updated guidance range  02:15 Are the challenges only cyclical?  03:33 Relocation of product development  04:15 Collaboration with Bangladeshi BJIT  05:32 Third quarter development  06:40 Improved profitability in the Technical Communication and Data Solutions service area  07:12 Weakness in the Software and Embedded Solutions service area  08:05 Willingness to acquire  09:14 Outlook for next year

Here are Roni’s comments on Etteplan’s negative outlook. Etteplan issued a profit warning yesterday and lowered its revenue and operating profit guidance for 2025 due to weaker-than-expected market demand. The profit warning was thus issued a day before the company’s Q3 results, which are reported today at 1:00 PM. The company also provided preliminary information on its Q3 figures, which, however, did not significantly deviate from our forecasts. However, the new guidance ranges are still quite wide, leaving room for uncertainty regarding the development for the rest of the year. The profit warning and Q3 results will likely lead to a reduction in our forecasts.                   Inderes              Etteplan laski ohjeistustaan ennen Q3-tulosta  - Inderes    Etteplan antoi eilen tulosvaroituksen ja laski vuoden 2025 liikevaihto- ja liikevoitto-ohjeistustaan markkinakysynnän odotettua heikomman kehityksen vuoksi.

I had highlighted the risk of an earnings warning in the pre-commentary, and it indeed came even before the results.                   Inderes              Tulosvaroitus - Etteplan laskee ohjeistustaan vuodelle 2025 ja antaa...    Etteplan Oyj, Pörssitiedote/Sisäpiiritieto 28.10.2025 klo 9.00Tulosvaroitus - Etteplan laskee ohjeistustaan vuodelle 2025 ja antaa ennakkotietoja kolmannen neljänneksen tuloksestaanEtteplan ...                             Those preliminary Q3 figures did not dramatically deviate from forecasts. However, the ranges of the new guidance are quite wide and the lower ends are quite low, so there’s

Etteplan

Etteplan succeeded excellently in its transformation into a technology service company with solid and comprehensive expertise also in software solutions. 

<p>Etteplan succeeded excellently in its transformation into a technology service company with solid and comprehensive expertise also in software solutions. The track record of profitable growth is strong and earnings growth will continue in the future as well. However, we estimate that it will be difficult to improve the already excellent profitability in the future. This weighs on the earnings growth rate, while the share's valuation level is in practice record-high (2022e P/E ~20x). </p> 

	2020	21e	22e
Revenue	259.7	298.1	326.9
growth-%	-1.4 %	14.8 %	9.6 %
EBIT (adj.)	23.3	26.6	29.9
EBIT-% (adj.)	9.0 %	8.9 %	9.1 %
EPS (adj.)	0.72	0.82	0.91
Dividend	0.34	0.40	0.46
Dividend %	2.6 %	4.3 %	4.9 %
P/E (adj.)	17.9	11.4	10.2
EV/EBITDA	9.0	6.2	5.4

Etteplan: Elite technology service company

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Key Estimate Figures22.11.2021

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