Etteplan

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.

ETTEPLAN OYJ, Press Release, May 28, 2024 at 2:00 p.m. (EEST)

Etteplan acquires AFFRA AB, a Swedish consulting company specializing in testing

Etteplan reinforces its position in Sweden by acquiring Gothenburg based AFFRA AB, which is a consulting company specializing in software testing and in particular Hardware in the Loop (HIL) testing for the automotive and transport industry. HIL testing ensures that quality assurance during software and hardware development is implemented efficiently and safely. With immediate effect all 23 AFFRA employees with competencies in testing, software development and embedded solutions will transfer to Etteplan.

"AFFRA opens up new potential and strengthens our capabilities to deliver solutions and services to a wider range of customers, particularly in the transport and automotive industry. The acquisition further complements our service offering especially within testing and embedded system development. AFFRA has expertise in niche areas of the automotive industry, such as Hardware in the Loop (HIL) testing, which we will develop further in order to strengthen our competitiveness. I am glad to welcome AFFRA to join our Swedish and global Etteplan team", says Magnus Frey, Vice President, Software and Embedded Solutions, Etteplan Sweden.

"We see a lot of opportunities arising as a part of Etteplan we can reach more customers and execute more complex projects, utilizing Etteplan's test laboratory for example. As a results of the deal, our business and colleagues will benefit from diverse opportunities for further development and growth", says Zoltan Raffai, owner of AFFRA. 

AFFRA will become a part of Etteplan Sweden's Software and Embedded Solutions service area and strengthen Etteplan's foothold in Sweden.

More information:

Magnus Frey, Vice President, Software and Embedded Solutions, Etteplan, Sweden, tel. tel. +46 7064 02324
Outi Torniainen, Senior Vice President, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Zoltan Raffai, owner AFFRA, tel. +46 735 255650
Adeel Zafar, owner AFFRA, tel. +46 721 799023

ETTEPLAN OYJ Interim Report May 8, 2024, at 1.00 p.m. (EEST)

ETTEPLAN Q1 2024: The year started as expected

• The Group's revenue increased by 2.3 percent and was EUR 97.1 million (1-3/2023: EUR 95.0 million). At comparable exchange rates, revenue increased by 2.3 percent.
• Operating profit (EBITA) increased by 8.1 percent and was EUR 8.2 (7.6) million, or 8.4 (8.0) percent of revenue.
• Operating profit (EBIT) increased by 7.0 percent and was EUR 6.7 (6.3) million, or 6.9 (6.6) percent of revenue.
• Operating cash flow improved and was EUR 8.1 (7.2) million.
• Basic earnings per share were EUR 0.16 (0.17).

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 1-3/2024 1-3/2023 1-12/2023
Revenue 97,118 94,954 359,951
Operating profit (EBITA) 8,185 7,569 30,883
EBITA, % 8.4 8.0 8.6
Operating profit (EBIT) 6,695 6,259 25,540
EBIT, % 6.9 6.6 7.1
Basic earnings per share, EUR 0.16 0.17 0.66
Equity ratio, % 39.2 39.7 40.9
Operating cash flow 8,056 7,179 35,571
ROCE, % 13.3 13.2 13.3
Personnel at end of the period 3,847 3,949 3,902

President and CEO Juha Näkki:

As expected, the year began in an expectant mood. Uncertainty caused by geopolitical tensions, high interest rates and our customers' declining orderbooks slowed our customers' decision-making on new investments, and the demand situation was difficult. Demand related to the defense industry, the energy industry and electrification remained at a high level, but the demand situation in other areas was weak.

Under the prevailing conditions, our operational efficiency was at a moderate level thanks to the implemented adaptation measures. We achieved a moderate result and our cash flow was strong. Revenue increased slightly, supported by acquisitions. During the review period, we acquired Strongit, which strengthens our market position in Denmark. Nevertheless, our organic revenue decreased, partly due to Easter and the related holidays falling in the review period.

We continued to develop the company and launched Etteplan's renewed brand and values during the review period. The company has developed and changed significantly over the past years. With the renewal, we aim to update our brand to reflect the company's current position as a leading global technology service company in its field and create opportunities for the company to develop further with the support of the renewed brand. During the review period, we also continued to invest in the development of our service offering, in which artificial intelligence plays a significant role. We implemented the first service solutions utilizing AI for our customers in the Technical Communication Solutions service area during the review period. The results are very promising, and we expect AI to create significant opportunities, both in terms of increasing value for customers and improving our internal efficiency.

The mood in the market remained expectant at the start of the second quarter, but the first signs of improved investment activity can generally be seen in the European markets. There are no corresponding signs in Finland as of yet. Nevertheless, the European Central Bank's comments regarding interest rate cuts have improved the mood in the market, and we expect that the potential interest rate cuts would have a significant stimulating impact on industrial investment. Investments typically start with product development, and we expect this to lead to a clear improvement in the demand situation during the latter part of the year. 

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 and high interest rates are still 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. The markets expect interest rates to decrease in 2024, which we believe will accelerate investments. We have seen first signs of market improvement in Europe, and we expect the demand situation to improve to a good level during the rest of the year.

Financial guidance 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: EUR 25.5) million.

Disclosure procedure

This stock exchange release is a summary of Etteplan's January-March 2024 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 (https://www.etteplan.com/investors).

Conference call and live webcast today, May 8, 2024

Etteplan's President and CEO Juha Näkki will present the Company's results for January-March 2024 in a conference call and a live webcast, held in English language, on May 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=50048364 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048364&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ca5c0f49b190f4a8b6e5008dc646a7d11%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638495655756851225%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=NZpW233QYCRpJiIiA3fOYV6ET%2FN4jOlOsDQ7ZCIjLx0%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/q1-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq1-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ca5c0f49b190f4a8b6e5008dc646a7d11%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638495655756842831%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=6yVfcsMq2zp%2Fi9kUyEjaj3FKqfUsit2qQvembu7WAAw%3D&reserved=0). The webcast starts at 2.30 p.m. Finnish time (EEST). A recording of the webcast will be available later at www.etteplan.com (https://www.etteplan.com/Investors).

Espoo, May 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, April 30, 2024, at 1.00 p.m.

Etteplan's January-March 2024 interim report to be published on May 8, 2024

Etteplan Oyj will publish its January-March 2024 interim report on Wednesday May 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-March 2024 in a conference call and a live webcast, held in English language, on May 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=50048364 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpalvelu.flik.fi%2Fteleconference%2F%3Fid%3D50048364&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ca5c0f49b190f4a8b6e5008dc646a7d11%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638495655756851225%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=NZpW233QYCRpJiIiA3fOYV6ET%2FN4jOlOsDQ7ZCIjLx0%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/q1-2024 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fetteplan.videosync.fi%2Fq1-2024&data=05%7C02%7CMervi.Suuronen%40etteplan.com%7Ca5c0f49b190f4a8b6e5008dc646a7d11%7C1f23d6d3b1584e45b7e17631cf28c804%7C0%7C0%7C638495655756842831%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=6yVfcsMq2zp%2Fi9kUyEjaj3FKqfUsit2qQvembu7WAAw%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, April 30, 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 April 26, 2024, at 11 a.m. EEST

Registration of Etteplan Oyj's new shares with the trade register and into book-entry system 

Etteplan Oyj's 150,000 new shares subscribed in the directed share issue have been registered with the Trade Register on April 26, 2024 and will be entered into the book-entry system kept by Euroclear Finland Ltd without delay, at the latest on May 10, 2024.

The Directed Share Issue is related to the acquisition of StrongIT ApS. The stock exchange release concerning the acquisition and the key terms and conditions of thereto related directed share issue was published on January 8, 2024.

Following the registration of the new shares, the total number of shares in Etteplan Oyj is 25,350,793.

The trading with the new shares is possible only after three years when the lock-up period is no longer valid.

Espoo, April 26, 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

DISTRIBUTION
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Press Release, 25.4.2024 at 3.45 p.m. (EEST)

Škoda Transtech's engineering and documentation department's operations in Oulu, Finland will be partially transferred to Etteplan

Etteplan and Škoda Transtech have agreed on the partial transfer of the engineering and documentation department's operations of Škoda Transtech in Oulu, Finland to Etteplan. According to the agreement, 21 employees from Škoda Transtech will join Etteplan as existing employees as of May 1, 2024. The agreement is related to Škoda Transtech's concluded change negotiations.

Based on the newly established partnership agreement, Etteplan will be the preferred partner for providing product engineering, documentation, and technical services required for Škoda Transtech's delivery projects.

"The agreement strengthens Etteplan's position and expertise, especially in engineering, technical services, and documentation related to the rolling stock for rail transport. In return, we offer the customer our digitalization and artificial intelligence (AI) expertise as well as the related benefits and increased efficiency that can be obtained. I warmly welcome the transferring employees from Škoda Transtech to Etteplan," says Riku Riikonen, SVP for Engineering Solutions at Etteplan.

"The agreement with Etteplan improves our cost efficiency and competitiveness in the rail rolling stock engineering and delivery projects. It is important for us that the transferred personnel can continue their work with a new employer," says Juha Vierros, CEO of Škoda Transtech Oy.

"The agreements we make with our customers demonstrate that Etteplan's offering has effective and functional solutions for companies in situations of change, such as Škoda Transtech in Oulu," adds Riikonen.

For more information:
Riku Riikonen, SVP, Engineering Solutions, Etteplan, tel. +358 50 522 8255
Jarno Jukola, Director, Service Solutions, Engineering Solutions, Etteplan, tel. +358 10 307 2049
Kimmo Kallio, Vice President, Technical Communication Solutions, Etteplan, tel. +358 10 307 2928
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Juha Vierros, CEO, Škoda Transtech, tel. +358 8 870 6900

ETTEPLAN OYJ, Stock Exchange Release, April 9, 2024 at 4.00 p.m. EEST

Resolutions of the organization meeting of Etteplan Oyj's Board of Directors

The Annual General Meeting of Etteplan Oyj, held on April 9, 2024, re-elected Matti Huttunen, Robert Ingman, Päivi Lindqvist, Tomi Ristimäki, Sonja Sarasvuo, and Mikko Tepponen as members of the Board of Directors.

The Board of Directors of Etteplan Oyj has in its organization meeting subsequent to the AGM elected Robert Ingman as Chairman of the Board of Directors.

Matti Huttunen was elected the Chairman and Robert Ingman and Mikko Tepponen as members of the Nomination and Remuneration Committee of Etteplan Oyj.

Päivi Lindqvist was elected the Chairman and Sonja Sarasvuo and Tomi Ristimäki as members of the Audit Committee of Etteplan Oyj.

The Board has in its organization meeting evaluated the independence of the Directors according to the Finnish Corporate Governance Code. The Board has stated that all members of the Board are independent of the Company. Matti Huttunen, Päivi Lindqvist, Tomi Ristimäki, and Mikko Tepponen are independent of significant shareholders.

Espoo, April 9, 2024

Etteplan Oyj

Board of Directors
 

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2777
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
 

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

ETTEPLAN OYJ, Stock Exchange Release, April 9, 2024 at 2.45 p.m. EEST

Resolutions of Etteplan Oyj's Annual General Meeting of Shareholders

The Annual General Meeting of Etteplan Oyj (the "Company") was held today, April 9, 2024, at Leonardo auditorium, Innopoli 1, Espoo, Finland.

The Annual General Meeting approved the financial statements and discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2023.

The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to pay a dividend of EUR 0.30 per share for the financial year 2023. The remaining funds shall be left to the unrestricted equity. The dividend will be paid to shareholders registered on the record date in the Company's shareholders' register maintained by Euroclear Finland Ltd. The record date of the payment of dividend is April 11, 2024 and the dividend shall be paid on April 18, 2024.

In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting resolved that the Board of Directors shall consist of six (6) members.

In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting resolved that the annual remuneration of the Board of Directors remain the same as previous year and shall be EUR 42,000 for each member of the Board and EUR 84,000 for the Chairman.

Additionally, the Annual General Meeting resolved on the remuneration of the Board of Directors, its Nomination and Remuneration Committee and Audit Committee per meeting as follows:

The Board of Directors
Chairman                             EUR 1,200 per meeting
Members                             EUR 600 per meeting

Nomination and Remuneration Committee
Chairman                             EUR 1,200 per meeting
Members                             EUR 600 per meeting

Audit Committee
Chairman                             EUR 1,200 per meeting
Members                             EUR 600 per meeting

In accordance with the proposal of the Nomination and Remuneration Committee of the Board of Directors, the Annual General Meeting re-elected Matti Huttunen, Robert Ingman, Päivi Lindqvist, Tomi Ristimäki, Sonja Sarasvuo and Mikko Tepponen as members of the Board of Directors.

KPMG Oy Ab, Authorized Public Accountants, with Authorized Public Accountant Kim Järvi as the main responsible auditor, was elected as the Company's auditor. The auditor's fees were resolved to be paid according to invoice approved by the Company. KPMG Oy Ab will also carry out the assurance of the Company's sustainability reporting for the financial year 2024 in accordance with the transitional provision of the act changing the Limited Liability Companies Act (1252/2023). KPMG Oy Ab will be paid for this task according to invoice approved by the Company.

The Annual General Meeting authorized the Board of Directors to resolve on the repurchase of the Company's own shares in one or more tranches using the Company's unrestricted equity. A maximum of 2,000,000 shares in the Company may be repurchased. The Company may deviate from the obligation to repurchase shares in proportion to the shareholders' current holdings, i.e., the Board has the right to decide on a directed repurchase of the Company's own shares.

The authorization includes the right for the Board to resolve on the repurchase of the Company's own shares through a tender offer made to all shareholders on equal terms and conditions and at the price determined by the Board, or in public trading organized by the NASDAQ OMX Helsinki Ltd at the market price valid at any given time, so that the Company's total holding of own shares does not exceed ten (10) percent of all the shares in the Company.

The minimum price for the shares to be repurchased is the lowest market price quoted for the shares in the Company in public trading and, correspondingly, the maximum price is the highest market price quoted for the shares in the Company in public trading during the validity of the authorization.

Should the shares in the Company be repurchased in public trading, such shares will not be purchased in proportion to the shareholders' current holdings. In that case there must be a weighty financial reason for the Company to repurchase its own shares. The shares may be repurchased in order to be used as consideration in potential acquisitions or in other structural arrangements. The shares may as well be used for carrying out Company's incentive schemes for its personnel. The repurchased shares may be retained by the Company, invalidated or transferred further.

The repurchase of the Company's own shares will reduce the non-restricted equity of the Company.

The authorization is valid for eighteen (18) months from the date of the resolution of the Annual General Meeting starting on April 9, 2024 and ending on October 8, 2025. The authorization will replace the corresponding previous authorization.

The Annual General Meeting authorized the Board of Directors to resolve on the issuance of a maximum of 2,500,000 shares through issuance of shares, option rights or other special rights entitling to shares under Chapter 10, Section 1 of the Finnish Companies Act in one or more issues. The authorization includes a right to issue new shares or assign Company's own shares held by the Company.

The authorization includes a right to deviate from the existing shareholders' pre-emptive subscription right as set forth in Chapter 9, Section 3 of the Finnish Companies Act. Therefore, the Board of Directors has a right to direct the share issue, or issuance of the option rights or other special rights entitling to shares. The authorization includes also a right to determine on all the terms of share issue, option rights or other special rights entitling to shares. The authorization includes therefore a right to determine on share subscription prices, persons entitled to subscribe the shares and other terms and conditions applicable to the subscription. In order to deviate from the shareholders' pre-emptive subscription right, the Company must have a substantial financial reason such as financing of a company acquisition, other arrangement in connection with the development of the Company's business or equity or an incentive scheme to the personnel. In connection of the share issuance the Board of Directors is entitled to decide that the shares may be subscribed against contribution in kind or otherwise under special terms and conditions. The authorization includes a right to determine whether the subscription price will be entered into the share capital or into the reserve of invested non-restricted equity.

The authorization is valid for eighteen (18) months from the date of the resolution of the Annual General Meeting starting on April 9, 2024 and ending on October 8, 2025.

Espoo, April 9, 2024

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2777
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
 

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
 

Etteplan Oyj, Stock Exchange Release, 19 March 2024 at 2:00 p.m. (EET)

Etteplan's Annual Report 2023 has been published

Etteplan's Annual Report 2023 has been published today in Finnish and English. The report consists of two parts. Our Annual Review called Smarter together covers our strategy and operations, and also includes a sustainability report prepared in accordance with GRI standards. The Financial Review 2023 includes the financial statements and other investor information. We publish our financial statements in the European Single Electronic Format (ESEF).

Both reports are available in PDF format as attachments to this stock exchange release and at https://www.etteplan.com/investors/reports-and-presentations/. The Annual Review will also be published in print later.

In addition, Etteplan has published separate statements on corporate governance and non-financial information as well as the remuneration report for the year 2023 on February 8, 2024. The statements and report can be found here (https://www.etteplan.com/about-us/news/2024/02/08/etteplan-oyjs-corporate-governance-statement-statement-of-non-financial-information-and-remuneration-report-for-2023-published/).

Etteplan's Annual General Meeting 2024 will be held on Tuesday, April 9, 2024 in Espoo.

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, February 8, 2024 at 4 p.m.

Etteplan Oyj's updated Remuneration policy published

Etteplan Oyj has published its updated Remuneration policy. The updated policy clarifies and describes the reward strategy principles and targets related to, i.e., the Company's growth, strategy and sustainability agenda. The Remuneration policy has been published as attachment to this stock exchange release and it is also available on the Company's website www.etteplan.com (https://www.etteplan.com/investors/corporate-governance/remuneration/). The Remuneration policy is available in Finnish and in English.

The Remuneration policy will be presented to the Annual General Meeting on April 9, 2024.

Espoo, February 8, 2024

Etteplan Oyj
 

For more information, please contact:
Juha Näkki, President and CEO, tel. +358 10 307 2777
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
 

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com