Finland · Delayed Price · Currency is EUR Etteplan Oyj Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue and profitability decline due to global political tensions and weak customer demand, though AI-driven solutions grew to 6% of revenue. Restructuring and adaptation measures impacted results, but investments in new offerings and positive customer engagement support a cautiously optimistic outlook.
Fiscal Year 2025
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Revenue grew slightly to EUR 361.4 million in 2025, with strong cash flow and a 5% AI-driven revenue share. Market conditions were challenging, but acquisitions and efficiency measures supported results. 2026 guidance anticipates EBIT of EUR 19–25 million and continued AI strategy execution.
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Profitability improved in Q3, driven by operational efficiency and AI-driven solutions, but market uncertainty and declining demand led to a profit warning and lowered guidance. Technical Communication and Data Solutions outperformed, while Software and Embedded Solutions struggled.
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Q2 2025 saw revenue and profitability decline amid weak demand, project delays, and market uncertainty, prompting a profit warning and lowered guidance. AI-driven revenue doubled to 4%, and restructuring measures were completed, positioning the company for future improvement.
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Q1 2025 saw revenue decline 2.3% and profitability drop sharply due to high non-recurring costs and a major credit loss in Germany. Market uncertainty from geopolitical tensions and trade war led to postponed investments, but China and defense sectors remained strong.
Fiscal Year 2024
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2024 saw slight revenue growth despite challenging markets, with profitability hit by significant restructuring costs. Defense, energy, and China performed well, while Europe lagged. The new strategy targets AI-driven solutions and improved margins, with cautious 2025 guidance.
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Q3 2024 saw flat revenue but sharp declines in profitability due to weak demand, restructuring, and one-time costs. Guidance was lowered twice, with no market improvement expected in 2024, though China and defense showed relative strength.
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Q2 2024 saw modest revenue growth driven by acquisitions, but organic revenue and profitability declined due to weak market demand and slow customer decision-making. Investments in AI and international expansion continued, with new outsourcing wins and partnerships outside core markets.