Etteplan

ETTEPLAN OYJ, Press release, October 24, 2024 at 2.00 p.m. (EEST)

Etteplan introduces rAIse - Industrial AI suite for demanding engineering 

Technology service company Etteplan introduces Etteplan rAIse, a specialized suite of industrial artificial intelligence (AI) solutions. Etteplan rAIse delivers industrial-grade AI for professional use in manufacturing, spanning from R&D to asset operations, maintenance, production, and aftermarket services. 

"We are now entering a new stage of industrial evolution," states Juha Näkki, President and CEO of Etteplan. "The development that began with the introduction of computers in R&D and factories, and continued with connected systems and increasingly automated processes, is now heading towards AI-assisted process and product design along with self-learning digital algorithms. We have developed Etteplan rAIse to help our customers reach the next level of industrial evolution."  

Etteplan rAIse offers a tailored suite of AI solutions developed by a global team of engineers, designers, and data scientists, along with providing expert-level AI consulting. Through service design, data engineering, software development, and machine learning, Etteplan rAIse addresses a multitude of industrial use cases such as compliance with design standards, content creation, product data management, spare parts data management, and master data extraction. Ensuring accuracy and cybersecurity is key in safeguarding intellectual property and user safety. 

Kuopion Energia, an energy service company has benefited from Etteplan's AI solution that enhances information management by extracting data from various drawings, enriching document management systems, and significantly reducing the time spent on information retrieval. 

"We believe that pragmatic industrial AI will empower industrial companies to solve real problems and achieve unprecedented levels of operational excellence," says Eric Tengstrand, Senior Vice President, Solutions and Technologies at Etteplan. "Those already embracing digitalization in their business will see growing advantages from utilizing AI in the coming years -through increased efficiency, innovation and developing new business models. Meanwhile, less digitally mature companies can leverage AI solutions to increase maturity and accelerate their way to achieving results."  

To learn more about Etteplan rAIse, visit our website here: https://www.etteplan.com/services/etteplan-raise-pragmatic-industrial-ai-for-smarter-businesses/

For more information, please contact:  
Eric Tengstrand, SVP, Solutions and Technologies, Etteplan, tel. +46 70 757 74 40 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302 

ETTEPLAN OYJ, Investor News, October 24, 2024, at 1.00 p.m.

Etteplan's January-September 2024 interim report to be published on October 31, 2024

Etteplan Oyj will publish its January-September 2024 interim report on Thursday October 31, 2024 at approximately 13.00 Finnish time (EET). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com (https://www.etteplan.com/investors) after the publishing.

Conference call and live webcast

Etteplan's President and CEO Juha Näkki will present the Company's result for January-September 2024 in a conference call and a live webcast, held in English language, on October 31, 2024 starting at 14.30 Finnish time (EET).

Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://palvelu.flik.fi/teleconference/?id=50048366 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048366&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062794498%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=OUSybhi4lNzK6qNWk4zJG1eu2iZ%2Faatwb%2FIpPqJ%2B6nE%3D&reserved=0) to ask questions through the conference call lines. After registering the participant will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.

Juha Näkki's presentation can be followed as a live webcast on https://etteplan.videosync.fi/q3-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq3-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C53898347680e4dd1b2bc08dcee874c13%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638647512062765465%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Oi7tlGn0XDnoUoLAQrB1vt8uESnTfU0A5zXvWCA9T7I%3D&reserved=0). The webcast starts at 14.30 Finnish time (EET). A recording of the webcast will be available later at www.etteplan.com (https://www.etteplan.com/investors).

Espoo, October 24, 2024

Etteplan Oyj
 

For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Press release, October 17, 2024 at 3.45 p.m. (EEST)

Etteplan opens new testing laboratory in Jyväskylä - a significant investment in Finland

Technology services company Etteplan has opened a new testing laboratory in Jyväskylä, Finland. The new laboratory represents a multi-million euro investment, more than doubling the laboratory's size and test capacity compared to before.

This investment will allow Etteplan to offer more comprehensive services taking into account the requirements set for devices, international regulations, and customer needs. The laboratory is expected to receive testing projects from both Finland and abroad.

In the laboratory, companies will be able to conduct extensive testing of various devices and items using different physical tests. These include environmental testing, antenna testing, and product safety testing. The laboratory also features one of the largest vibration testers in Northern Europe, which can test products for vibration resistance during transport or throughout their entire lifecycle.

"Testing is a crucial part of product development, and international standards and regulations are continuously imposing stricter requirements on devices. This laboratory investment will improve our ability to serve our customers better and help them meet these requirements," says Timo Kallinen, Director of Product Testing at Etteplan.

The need for electromagnetic compatibility (EMC) and radio frequency (RF) testing has grown, and increasingly larger products, such as industrial equipment cabinets, are required to be tested. However, there has been limited space available for testing these devices relative to demand. In the new laboratory, testing of large industrial equipment is smoother thanks to the five-meter EMC chamber (5m SAC).

"Previously in Finland, there was only one 10-meter chamber and a few 3-meter chambers available for commercial testing. The wait times for these facilities have been long, causing companies to be unable to test their products. With our new laboratory, we can help companies secure much needed chamber time more easily and quickly," Kallinen explains.

For more information:
Timo Kallinen, Director, Product Verification, Etteplan, phone +358 40 700 4482
Outi Torniainen, SVP, Communications and Marketing, Etteplan, phone +358 10 307 3302

Etteplan Oyj, Stock Exchange Release/Insider information, October 15, 2024 at 8.00 a.m. EEST

Etteplan releases a profit warning and lowers its guidance for 2024

The revenue is expected to be EUR 355-370 million and the operating profit (EBIT) about EUR 18-22 million

In its profit warning published on August 28, 2024, Etteplan estimated its revenue for 2024 to be EUR 360-375 (2023: 360.0) million and the operating profit (EBIT) to be EUR 24-27 (2023: 25.5) million.

Etteplan is lowering its previous estimate of revenue and operating profit (EBIT) for 2024 due to the market demand and the restructuring of our business and organization.  According to the new estimate, the revenue is estimated to be EUR 355-370 million and operating profit (EBIT) to be EUR 18-22 million.

The negative development of Etteplan's outlook is affected by the continued weakening of the demand situation in Europe and particulary in Germany. Customers' decision-making on new investments is still cautious, and new investments start very slowly. As customers' order backlogs have decreased, the demand for engineering solutions related to project deliveries has also continued to decrease.

"Etteplan's business is suffering from the current investment slump. The manufacturing industry's investments in new products and production are currently very low, and decision-making remains slow, and projects are not starting as we had expected. We have already implemented adaptation measures across all our service areas to improve operational efficiency in Finland and elsewhere in Europe during the third quarter. In addition, the result of the third quarter is negatively affected by the correction of an unfortunate accounting error in Sweden. If necessary, we are preparing to continue restructuring and adaptation measures throughout the rest of the year. The measures will cause significant costs, but we want to ensure operational efficiency in the prevailing difficult market situation while also improving our ability to implement our new strategy that is being prepared," says President and CEO Juha Näkki, Etteplan Oyj.

Due to the difficult market situation, adaptation measures have been implemented in almost all European operating countries. These measures are also a preparation for the new strategic period of 2025-2027. The goal of these measures is to strengthen the ability to implement the new strategy. The strategy for 2025-2027 will be published in December 2024.

The adaptation measures will cause significant non-recurring costs in 2024. In Germany, due to the further weakened demand situation, Etteplan has decided to terminate its Building Technology business, which will cause costs and project write-downs. In addition, the correction of an accounting error in the 2024 salary entries in Sweden will have a negative impact on the third quarter result.

Etteplan's interim report for the third quarter will be released on Thursday, October 31, 2024.

Espoo, October 15, 2024

Board of Directors
 

Additional information
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
 

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Stock Exchange Release, September 19, 2024, at 1.00 p.m.

Etteplan Oyj's financial information in 2025

Etteplan Oyj's schedule for the financial information in 2025 is the following:

Financial information for year 2024

Financial Statement Release Wednesday February 12, 2025
Financial Statements and Annual Report week 12/2025

Financial information for year 2025

Annual General Meeting 2025 Tuesday April 8, 2025
January-March 2025 Interim Report Monday May 5, 2025
January-June 2025 Half Year Financial Report Wednesday August 6, 2025
January-September 2025 Interim Report Wednesday October 29, 2025

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

Espoo, September 19, 2024

Etteplan Oyj

Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

Etteplan Oyj, Stock Exchange Release/Insider information, August 28, 2024 at 10.15 a.m. EEST

Etteplan releases a profit warning and lowers its guidance for 2024

The revenue is expected to be EUR 360-375 million and the operating profit (EBIT) about EUR 24-27 million

In its half year financial report published on August 8, 2024, Etteplan estimated its revenue for 2024 to be EUR 375-390 (2023: 360.0) million and the operating profit (EBIT) to be EUR 28-30 (2023: 25.5) million.

Etteplan is lowering its previous estimate of 2024 revenue and operating profit (EBIT) due to the weaker-than-expected market demand and business development. According to the new estimate, the revenue is estimated to be EUR 360-375 million and operating profit (EBIT) to be EUR 24-27 million.

The negative development of outlook is affected by the continuation of the weak demand situation longer than expected. Customers' decision-making on new investments is still cautious, and as customer order backlogs decrease, the demand for engineering solutions related to project deliveries decreases. The demand situation is particularly challenging in the engineering solutions of the chemical industry in Germany.

"The market's uncertainty is reflecting in our business and customers' decision-making is still slow, and projects do not start according to our expectations. The reduction in the order backlogs of the manufacturing industry and the general slow recovery of the economy have weakened market demand. We still believe that the decrease in interest rates will have a positive effect on demand, but we have to wait for a turnaround," says President and CEO Juha Näkki, Etteplan Oyj.

"Due to the continuation of the weak market situation, our revenue and profitability will fall short of the level we previously estimated, and we have to lower our guidance. We have implemented new adaptation measures to improve operational efficiency in Finland and elsewhere in Europe. These measures cause costs, but this way we want to ensure a return to a profitable growth as soon as the market situation gets better," says Näkki.

Etteplan's interim report for the third quarter will be released on Thursday, October 31, 2024.
 

Espoo, August 28, 2024
 

Board of Directors

Additional information
Juha Näkki, President and CEO, tel. +358 10 3072077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Press release, August 13, 2024 at 9:00 a.m. (EEST)

Etteplan and SFS Trained an Engineering AI That Knows the Standards

Technology services company Etteplan has developed a generative AI-powered service solution for technical designers, in collaboration with SFS, the central standardization organization in Finland. In various design tasks, such as equipment design or process design, it is important that the plans are based on up-to-date standards and utilize existing design guidelines. However, there are tens of thousands of standards in use, and searching for the right information takes valuable design time.

Etteplan's AI team contacted SFS and proposed a collaboration, resulting in a groundbreaking web-based AI-powered service. In the service, a designer can converse with a conversational bot that understands natural language text and quickly finds the right standard or design guideline from the vast pool of information and various sources. The service helps organize and comprehend this information.

"Our goal was to create an easy-to-use and, above all, reliable AI service that our designers - and, in the future, our customers - could utilize. We wanted the service to leverage the best of what generative AI has to offer while avoiding any misleading information that the AI may invent on its own. Designers must be able to trust the accuracy of the information provided by the AI," states Tero Hämeenaho, the director of Etteplan's AI team.

The reliability of the information is ensured through source references. When the designer inputs an information request, the service provides an excerpt from the standard and a link to the source information.

Another groundbreaking aspect of the service is its ability to search for information from images.

"All data entered into the service is vectorized. Both design guidelines and standards contain large amounts of images, diagrams, and drawings, so it is essential that the AI can extract the relevant information from them," Hämeenaho explains.

SFS, celebrating its 100th anniversary this year, was immediately excited about the project and helped Etteplan's team open up the interfaces of the closed standard collection.

"Our collaboration with Etteplan has been truly exciting. Generative AI is at its best when sifting through massive amounts of data, with our vast collection of standards being a prime example. The purpose of this tailored technology is to start offering a service where searches can be precisely filtered, and where sources as well as the timeliness of the information can be instantly verified. This is sure to have a positive impact on the customer experience," envisions Meri Valtiala, the expert responsible for the AI standardization group at SFS.

Thousands of standards, as well as Etteplan's own design guidelines and documents, have been fed into the service. The tool will be utilized by the majority of Etteplan's global staff of 4,000 people, and it will be continuously developed to become an even more efficient tool.

"The service is built on top of the Microsoft Azure cloud platform, in a closed environment. The smooth development was enabled by the team's ability to leverage both Etteplan's cloud architects and AI developers," Hämeenaho says.

Etteplan also customizes similar service solutions for its clients, enriching the standards with the client's own design documents.

For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Tero Hämeenaho, AI Program Director and Head of Additive Manufacturing, Etteplan, tel. +358 10 307 2757
Outi Rask, Head of Development, SFS, tel. +358 50 4491 585, email outi.rask@sfs.fi

ETTEPLAN OYJ Half Year Financial Report August 8, 2024, at 1.00 p.m.

ETTEPLAN Q2 2024: The market situation weakened further

• The Group's revenue increased by 3.1 percent and was EUR 92.6 million (4-6/2023: EUR 89.8 million). At comparable exchange rates, revenue increased by 3.2 percent.
• Operating profit (EBITA) decreased by 8.0 percent and was EUR 6.8 (7.4) million, or 7.4 (8.3) percent of revenue.
• Operating profit (EBIT) decreased by 12.7 percent and was EUR 5.3 (6.1) million, or 5.8 (6.8) percent of revenue.
• Operating cash flow improved slightly and was EUR 9.0 (8.9) million.
• Basic earnings per share were EUR 0.13 (0.15).
• Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and estimates: revenue in 2024 to be EUR 375-390 (previously 375-415) million, and operating profit (EBIT) in 2024 to be EUR 28-30 (previously 28-34) million.

• The Group's revenue increased by 2.7 percent and was EUR 189.7 million (1-6/2023: EUR 184.8 million). At comparable exchange rates, revenue increased by 2.6 percent.
• Operating profit (EBITA) increased by 0.1 percent and was EUR 15.0 (15.0) million, or 7.9 (8.1) percent of revenue.
• Operating profit (EBIT) decreased by 2.8 percent and was EUR 12.0 (12.4) million, or 6.3 (6.7) percent of revenue.
• Operating cash flow improved and was EUR 17.0 (16.1) million.
• Basic earnings per share were EUR 0.29 (0.32).

Etteplan also monitors non-IFRS performance measures because they provide additional information on Etteplan's development. More information on performance measures is provided at the end of the release.

Key figures

EUR 1,000 4-6/2024 4-6/2023 1-6/2024 1-6/2023 1-12/2023
Revenue 92,623 89,849 189,741 184,803 359,951
Operating 6,826 7,422 15,012 14,991 30,883
profit (EBITA)
EBITA, % 7.4 8.3 7.9 8.1 8.6
Operating 5,335 6,114 12,031 12,373 25,540
profit (EBIT)
EBIT, % 5.8 6.8 6.3 6.7 7.1
Basic earnings 0.13 0.15 0.29 0.32 0.66
per share, EUR
Equity ratio, % 38.2 37.3 38.2 37.3 40.9
Operating cash 8,973 8,916 17,028 16,095 35,571
flow
ROCE, % 10.8 13.4 12.0 13.3 13.3
Personnel at 3,900 3,942 3,900 3,942 3,902
end of the
period

President and CEO Juha Näkki:

The market situation weakened further in the second quarter. The uncertainty of the operating environment, interest rates decreasing slower than expected and our customers' generally declining order backlogs slowed our customers' decision-making on new investments. Demand for delivery related project engineering also weakened as order backlogs declined.

Our revenue increased slightly, supported by acquisitions, and our cash flow remained strong, but profitability remained at a modest level for us in the difficult demand situation. We implemented adaptation measures in all of our service areas in order to improve operational efficiency and profitability in the coming quarters.

However, we were once again able to demonstrate the strength of our diverse service offering in a difficult market situation. We have won several outsourcing contracts, which will have a positive impact on our business in the future, and we have gained new customers outside our own market areas. During the review period, we announced a strategic partnership with Konoike, a Japanese provider of operational services. The strategic framework agreement proofs the competitiveness of our service solutions and our expertise in the global operating environment. 

We continued to develop our company despite the challenging market situation. We developed our service offering, in which artificial intelligence will play a significant role. We have already implemented our first AI projects in the Technical Communication Solutions service area, and we see a lot of opportunities there. We acquired AFFRA AB, a Gothenburg-based company that serves the automotive industry and strengthens our Software and Embedded Solutions service area. We also acquired a minority stake in BJIT, an IT services company based in Bangladesh.

BJIT will initially provide us with a flexible and highly cost-competitive option to support our customers' software development, digitalization and digital product data management. In the future, we will expand our co-operation with BJIT across all of our service areas, which will increase our competitiveness and create new growth opportunities for both Etteplan and BJIT. The unfortunate disorder in Bangladesh has had only a minor impact on BJIT's business. According to our discussions BJIT's employees are safe and we expect the situation to calm down in the next few weeks. We are actively monitoring the situation and expect the disorder to cause only a small delay in the start of our co-operation with BJIT.

Due to the difficult first half of the year, we specified our guidance towards the lower end of the specified range. Nevertheless, we still expect investments to start in the latter half of the year, boosted by decreasing interest rates, and we expect the demand situation to improve to a good level.  When this happens, we will once again be ready to accelerate our profitable growth through our competitive service offering and service solutions. 

Market outlook 2024

The most important factor affecting Etteplan's business is the global development of the machinery and metal industry. The uncertainty caused by geopolitical tensions, interest rates decreasing slower than expected and our customers' generally declining order backlogs are affecting our customers' willingness to invest and keeping the demand situation at a low level in certain customer industries. Investments related to the defense industry, energy efficiency and accelerating the green transition are still at a good level. Decreasing interest rates have not yet had an impact on demand, but we expect that the decrease in interest rates will accelerate investments towards the end of the year. We also expect the demand situation to improve to a good level during the latter part of the year.

Financial guidance 2024 (August 8, 2024)

Etteplan specifies its financial guidance for revenue and operating profit (EBIT) within the previously communicated range and issues the following estimate:

Revenue in 2024 is estimated to be EUR 375-390 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 28-30 (2023: 25.5) million.

Previous financial guidance 2024 (May 8, 2024)

Etteplan keeps its guidance for revenue and operating profit (EBIT) intact and issues the following estimate:

Revenue in 2024 is as estimated to be EUR 375-415 (2023: 360.0) million, and
operating profit (EBIT) in 2024 is estimated to be EUR 28-34 (2023: 25.5) million.

Disclosure procedure

This stock exchange release is a summary of Etteplan's January-June 2024 Half Year Financial Report. The complete Half Year Financial Report is attached to this stock exchange release in pdf format and is also available on Etteplan's website at www.etteplan.com (https://www.etteplan.com/investors).

Conference call and live webcast today, August 8, 2024

Etteplan's President and CEO Juha Näkki will present the Company's results for January-June 2024 in a conference call and a live webcast, held in English language, on August 8, 2024 starting at 2.30 p.m. Finnish time (EEST).

Questions can be asked in Finnish and in English after the President and CEO's presentation only through conference call connection. Participants must register through this link https://palvelu.flik.fi/teleconference/?id=50048365 to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.

Juha Näkki's presentation can be followed as a live webcast on https://etteplan.videosync.fi/q2-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq2-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C6a9aa87409fa45e070c508dc912536f2%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638544836236560986%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=1AS%2FV2%2F2C4DdnK2IpTaUL99VcBTpiCuRxp1LmNcGYoY%3D&reserved=0). The webcast starts at 2.30 p.m. Finnish time (EEST). A recording of the webcast will be later available at www.etteplan.com (https://www.etteplan.com/investors).

Espoo, August 8, 2024

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
 

The information presented herein has not been audited.
Releases and other corporate information are available on Etteplan's website at www.etteplan.com (https://www.etteplan.com/investors).

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Investor News, August 1, 2024, at 1.00 p.m.

Etteplan's January-June 2024 half year financial report to be published on August 8, 2024

Etteplan Oyj will publish its January-June 2024 half year financial report on Thursday August 8, 2024 at approximately 1.00 p.m. Finnish time (EEST). The release and related presentation material will be available in Finnish and in English on the Company's website at www.etteplan.com (https://www.etteplan.com/investors) after the publishing.

Conference call and live webcast

Etteplan's President and CEO Juha Näkki will present the Company's result for January-June 2024 in a conference call and a live webcast, held in English language, on August 8, 2024 starting at 2.30 p.m. Finnish time (EEST).

Questions can be asked in Finnish and in English after President and CEO's presentation only through conference call connection. Participants must register through this link https://palvelu.flik.fi/teleconference/?id=50048365 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048365&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C6a9aa87409fa45e070c508dc912536f2%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638544836236583690%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=ddSWesbTBOA2pZ0jkhoY%2BVN32ISS6LvqTzwnyEmNpc4%3D&reserved=0) to ask questions through the conference call lines. After registering the participants will receive a teleconference number and a code to join the call. The participants are asked to press *5 to join the queue for questions.

Juha Näkki's presentation can be followed as a live webcast on https://etteplan.videosync.fi/q2-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq2-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7C6a9aa87409fa45e070c508dc912536f2%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638544836236560986%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=1AS%2FV2%2F2C4DdnK2IpTaUL99VcBTpiCuRxp1LmNcGYoY%3D&reserved=0). The webcast starts at 2.30 p.m. Finnish time (EEST). A recording of the webcast will be later available at www.etteplan.com (https://www.etteplan.com/investors).

Espoo, August 1, 2024

Etteplan Oyj
For more information, please contact:
Outi Torniainen, SVP, Marketing and Communications, tel, +358 10 307 3302
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

Etteplan Oyj, Stock Exchange Release, June 28, 2024, at 5.30 p.m. EEST

Etteplan Oyj - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Mikael Vatn
Position: Other senior manager
Issuer: Etteplan Oyj
LEI: 7437006I5533R06JU690
Notification type: INITIAL NOTIFICATION
Reference number: 67740/5/6
____________________________________________
Transaction date: 2024-06-26
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: DISPOSAL
Transaction details
(1): Volume: 400 Unit price: 12.85 EUR
(2): Volume: 306 Unit price: 12.95 EUR
(3): Volume: 550 Unit price: 12.95 EUR
(4): Volume: 3 Unit price: 12.95 EUR
(5): Volume: 498 Unit price: 12.95 EUR
Aggregated transactions (5):
Volume: 1757 Volume weighted average price: 12.92723 EUR
 ____________________________________________
Transaction date: 2024-06-27
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009008650
Nature of transaction: DISPOSAL
Transaction details
(1): Volume: 202 Unit price: 12.95 EUR
(2): Volume: 8 Unit price: 12.9 EUR
(3): Volume: 1000 Unit price: 12.9 EUR
(4): Volume: 200 Unit price: 12.95 EUR
(5): Volume: 998 Unit price: 12.95 EUR
(6): Volume: 300 Unit price: 12.95 EUR
(7): Volume: 35 Unit price: 12.95 EUR
(8): Volume: 500 Unit price: 12.95 EUR
Aggregated transactions (8):
Volume: 3243 Volume weighted average price: 12.93446 EUR
Additional information:
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Press release, June 26, 2024 at 1.30 p.m. (EEST)

Etteplan and Valmet collaborate to transform process efficiency with AI service solutions

Etteplan and Valmet are leveraging the power of artificial intelligence (AI) to drive efficiency and quality improvements in Valmet's spare part process. The companies have embraced collaboration and continuous development as central pillars of their partnership, while recognizing that even the smallest advancements can lead to substantial impacts.

Equipped with a deep understanding of customers' processes, Etteplan has developed an AI-assisted service solution that identifies and extracts information from old drawings and illustrations, optimizing Valmet's existing processes through automation. The benefits of this innovative solution are manifold, with significant time savings, higher quality outputs, reduced errors, and enhanced process efficiency being among the major advantages. This solution is a part of Etteplan's expanding service solution portfolio that leverages artificial intelligence.

"We are excited to collaborate with Valmet to revolutionize process efficiency through AI service solutions", said Risto Pukki, VP, Technical Communication Service Solutions at Etteplan. "By combining our expertise in AI with Valmet's industry knowledge, we are driving meaningful change and delivering tangible value to our customers. This marks only the beginning of the journey, and we will continue development together to create even more suitable solutions for Valmet's purposes."

"Etteplan has been proactive in the process development bringing forth various possibilities for improvements through AI. Moreover, involving us in the process through engagement and collaboration has supported successful implementation. The partnership exemplifies our shared commitment to innovation and collaboration, paving the way for a future where AI-driven solutions transform industrial processes and unlock new opportunities for growth and success", says Johan Erikson, Senior Manager eCommerce, Valmet.

Etteplan further enhanced its existing service solution by integrating AI-assisted process optimization, enabling the processing of large volumes of data, leading to a steep learning curve. As the AI solution continues to learn and evolve, the benefits multiply, offering a cost-effective means to, for example, spare part catalogue production for legacy products that require maintenance and upkeep. Particularly noteworthy is the solution's ability to provide accurate details even from older and lower-quality source materials, empowering Valmet to expand their offering, and potentially grow their aftermarket business to larger existing fleets.
 

For more information, please contact:
Risto Pukki, VP, Service Solutions, Etteplan, tel. +358 50 544 0196
Outi Torniainen, SVP, Marketing and Communications, Etteplan, puh. +358 10 307 3302
Johan Erikson, Senior Manager eCommerce, Valmet.  +46 8 5224 4479
 

About Valmet

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2023 were approximately EUR 5.5 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.  
 

Etteplan in brief

Etteplan is a growing technology service company with the purpose of bringing people and technologies together to change things for the better. Together with our customers, we are building a world where every system, process, and product can be made smarter, more efficient, and more sustainable. Our customers include world's leading companies in the manufacturing industry. In 2023, we had a turnover of EUR 360.0 million and around 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com
 

ETTEPLAN OYJ, Press release, June 18, 2024 at 9:15 a.m. (EEST)

Etteplan acquires stake in Bangladesh's largest IT consulting firm

Etteplan, a growing technology service company serving the world's leading industrial companies, extends its global delivery capability by acquiring a minority stake of 19,99% in BJIT, a global IT consulting enterprise headquartered in Dhaka, Bangladesh. The deal extends Etteplan's geographical delivery base and opens access to a pool of cost efficient expertise. Etteplan and BJIT intend to collaborate and widen the co-operation to product engineering and technical information services in the future. BJIT employs around 800 skilled experts and already works with customers in Finland, Sweden, the Netherlands, USA, Japan and Thailand, among other markets.

"Technology services is a global industry by nature. As our clients diversify and re-allocate their global operations, we want to create even higher value for them. Etteplan and BJIT have complementary capabilities that extend our ability to help customers and to provide a larger array of services. The co-operation with BJIT gives Etteplan an opportunity to provide even better cost-efficiency in all Etteplan service areas in the future," says Juha Näkki, President and CEO, Etteplan.

As the largest IT consulting enterprise in the fast-developing Bangladeshi market, BJIT is strong in software and digitalization and across several fields of engineering, for example product data management (PDM) and product lifecycle management (PLM) services. From now on, Etteplan has exclusive rights to offer BJIT's services in Etteplan's current geographies. BJIT's largest shareholder is its founder and chairman JM Akbar. Other shareholders include Japanese equity partner Marubeni Corporation.

"The relationship with Etteplan significantly strengthens BJIT's position in key European markets. Both companies specialize in the technology services business with different strengths. We have complementary capabilities that extend our ability to boost the business of our joint customers. With Etteplan support we will be able to widen our services to also new areas of expertise which will help us to grow and serve our customers even better. We are now ready to start familiarizing the two teams with each other, and project work will begin soon," says JM Akbar, Founder and CEO of  BJIT.

Following in neighboring India's footsteps, Bangladesh is an emerging global IT services hub. It is one of the fastest-growing economies in Asia and highly market-competitive both in terms of talent quality and cost-efficiency. Bangladesh has heavily invested in education, notably in engineering, computer science, and information technology. There is an ongoing initiative to digitalize society, and the country boasts a thriving startup community. The best universities in Bangladesh rank well within the Asian context.

"We anticipate increased delivery capability to result in new and growing customer projects in Finland and other European markets. This agreement is perfectly aligned with our growth strategy, and we look forward to leveraging BJIT's expertise. We expect to realize benefits both in existing customer relationships as extensions to the scope of current work, and with new customers in our key markets," says Juha Näkki.

Further information:
Juha Näkki, President and CEO, Etteplan tel. +358 10  307 2077
Outi Torniainen, Senior Vice President, Marketing and Communications, Etteplan tel. +358 10 307 3302
JM Akbar, Founder and CEO, BJIT, jm.akbar@bjitgroup.com

About BJIT

BJIT is a leading technology solutions provider based in Bangladesh, offering a wide range of services, including software development, IT consulting, and digital transformation solutions to clients worldwide. With a focus on innovation, quality, and customer satisfaction, BJIT is dedicated to delivering cutting-edge technology solutions that drive business success. With the primary delivery center in Dhaka, BJIT employs around 800 engineers and software developers. CMMI Level 3 and ISO 9001 certified, the enterprise has over 20 years of experience working for its global customers. www.bjitgroup.com

ETTEPLAN OYJ, Press release, June 17, 2024 at 9.15 a.m. (EEST)

Boliden Harjavalta aims to become the frontrunner in metal industry in collaboration with Etteplan 

Boliden Harjavalta and Etteplan have signed a cooperation agreement to provide engineering services for Boliden Harjavalta's facilities in Pori and Harjavalta. Etteplan's expertise in engineering solutions and production process know-how complement Boliden Harjavalta's needs, especially in operational optimization and digital engineering process management.  

At the same time, Etteplan and Metso have agreed on a business transfer, in which 26 Metso's employees working in Harjavalta will transfer to Etteplan as existing employees starting September 1, 2024. 

The collaboration between Boliden Harjavalta and Etteplan is based on continuous development and modern technology, which in turn enables Boliden to enhance its competitiveness in the evolving metal industry and markets. 

"We are a reliable partner in plant engineering solutions, and our wide range of services ensures transparency, cost-effectiveness, and safety throughout the lifecycle of the plant. We bring expertise and experience in improving the efficiency of plants and engineering operations through digitalization, as well as in developing modern production lines. By working with Boliden, we can fully leverage our strengths in engineering services." says Riku Riikonen, SVP for Engineering Solutions service area at Etteplan. 

"We are happy about the cooperation agreement we have signed with Boliden Harjavalta, and we want to warmly welcome the employees transferring from Metso to Etteplan," says Riikonen. 

By combining their forces, Boliden Harjavalta and Etteplan are ready to develop the industry, advance innovations in metal industry and its supply chains, and be agile in adapting to the changing needs of the business in order to achieve sustainable growth. 

For more information: 
Riku Riikonen, SVP, Engineering Solutions, Etteplan, tel. +358 50 522 8255 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302

ETTEPLAN OYJ, Press release, June 3, 2024 at 12.00 p.m.  

Elomatic's paper machine engineering and documentation department functions in Jyväskylä, Finland partially transferred to Etteplan 

Etteplan and Elomatic have agreed on the partial transfer of Elomatic's paper machine engineering and documentation department in Jyväskylä to Etteplan through a business transfer. According to the agreement, 13 employees from Elomatic will transfer to Etteplan as existing employees starting June 17, 2024.  

"Etteplan has over the years invested significantly in paper machine engineering expertise in Finland, Sweden, Poland, and China. This agreement with Elomatic further strengthens Etteplan's expertise in paper machine engineering and related documentation. I warmly welcome the personnel transferring from Elomatic to Etteplan," says Riku Riikonen, SVP of Etteplan's Engineering Solutions service area. 

"We have accumulated decades of experience and high-level capabilities in paper and board machine engineering at our company. It is great that these experts now find a new home as we are updating our strategic focus areas," says Marja Salenius-Ranki, HR Director at Elomatic. 

Additional information: 
Riku Riikonen, SVP, Engineering Solutions, Etteplan, tel. +358 50 522 8255 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302

ETTEPLAN OYJ, Press release, May 29, 2024 at 10:00 a.m. (EEST)

Japanese company Konoike uses Etteplan's digitalization and artificial intelligence (AI) expertise in the development of its business

Japanese Konoike Transport Co. Ltd., part of the KONOIKE Group and technology service company Etteplan have signed a strategic framework agreement on cooperation. According to the agreement, Etteplan acts as Konoike's strategic partner, helping them to digitalize and develop their business and services with the help of technology solutions and artificial intelligence.

Originally founded in Japan, but today operating globally, Konoike Transport is a logistics company that offers storage and delivery services for the manufacturing industry as well as innovative operational services such as outsourced personnel solutions. The group has more than 24,000 employees and was founded in Japan in 1880.

The cooperation started with Etteplan focuses as the first project on digitalizing and optimizing the internal logistics processes of Konoike's warehouses located in Japan, such as product picking, sorting and temporary storage. Etteplan's task is to develop solutions and models based on artificial intelligence (AI)  and integrate them into Konoike's new generation cloud platform. The goal is to develop a scalable solution that can be used in all of Konoike's warehouses and distribution centers in Japan in the future. With the help of the solution, Konoike aims not only to improve cost efficiency, but also to strategically renew and optimize its internal logistics processes using new digital technology.

"The strategic cooperation agreement with Konoike is proof of the interest and innovation of Etteplan's service offering outside of our main market as well. We are happy to be able to offer our expertise to a major player like Konoike. Our role as Konoike's digitalization partner, business developer and supplier of solutions based on artificial intelligence is a very interesting opportunity for us to highlight our ability to utilize new technologies," says Juha Näkki, President and CEO of Etteplan.

"We defined our group's aspirations for 2030 vision as `People, leveraging technology to reach for new hights'. In order to achieve the vision, we have started a digital transformation journey and we see similarities between what Etteplan offers and our business digitization needs. We surveyed a very wide range of international digitalization partners and in Etteplan we found a partner who understands the possibilities of digitalization and artificial intelligence and supports the development needs of our business," says Tadatsugu Konoike, Senior Managing Executive Officer of Konoike Transport.

More information:
Juha Näkki, President and CEO, Etteplan, tel. +358 10 307 2077
Outi Torniainen, SVP Marketing and Communications, Etteplan, tel. +358 10 307 3302
Tadatsugu Konoike, Senior Managing Executive Officer, Konoike Transport Co, Ltd.,
For press inquiries, please use the inquiry form on the Contact page of the KONOIKE Group's Global website:　https://www.konoike.net/en/contact/ir_pr/

Konoike in brief (https://www.konoike.net/en)

The KONOIKE Group is a professional organization that continually challenges itself to solve society's problems and innovate, going beyond the boundaries of logistics and expanding into manufacturing, medical, airport operations, and more.