Etteplan

8.58 EUR

0.00 %

4,941 following

ETTE

NASDAQ Helsinki

Industrial Goods & Services

Industrials

Overview

Financials & Estimates

Investor consensus

0.00 %

-9.11 %

-9.49 %

-10.62 %

-17.50 %

-19.44 %

-42.61 %

-41.43 %

+12.89 %

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

Market cap

217.51M EUR

Turnover

29.02K EUR

P/E (adj.) (26e)

11.07

EV/EBIT (adj.) (26e)

9.39

P/B (26e)

1.67

EV/S (26e)

0.75

Dividend yield-% (26e)

3.08 %

Coverage

Recommendation

Reduce

Target price

9.50 EUR

Updated

2026-02-12

Roni Peuranheimo

Analyst

Latest research

Latest analysis report

Released: 2026-02-13

Latest extensive report

Released: 2021-11-26

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

9/4

2026

General meeting '26

10/4

2026

Annual dividend

7/5

2026

Interim report Q1'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

3rd party

ShowingAll content types

Third party research2/13/2026, 8:56 AM

Etteplan: High uncertainty clouds 2026 outlook - Evli

Q4 results came in below expectations but showed slight y/y improvement. Guidance implies modest progress despite continued market challenges, with high uncertainty heading into 2026.

Etteplan Q4'25: Utmaningarna riskerar att bli långvariga

Research2/13/2026, 6:00 AM by

Roni Peuranheimo

Etteplan Q4'25: Utmaningarna riskerar att bli långvariga

Etteplans Q4-siffror var något lägre än våra estimat, och även mittpunkterna i 2026 års guidning var något lägre än våra estimat.

Etteplan Oyj, Webcast, Q4'25

Webcast2/12/2026, 1:00 PM

Etteplan Oyj, Webcast, Q4'25

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Third party research2/12/2026, 12:15 PM

Etteplan: Slightly softer improvement than expected - Evli

Etteplan's Q4 results came slightly below expectations, but showed progress from last year. Guidance implies a modest improvement despite the challenging market conditions.

Regulatory press release2/12/2026, 11:50 AM

Ending of Etteplan's share-based incentive plan 2023-2025

Regulatory press release2/12/2026, 11:00 AM

Etteplan 2025: Strong cash flow despite challenges

Etteplan inleder förhandlingar om nedskärningar inom sitt tjänsteområde Programvara och inbyggda lösningar

Analyst Comment2/10/2026, 6:37 AM by

Roni Peuranheimo

Etteplan inleder förhandlingar om nedskärningar inom sitt tjänsteområde Programvara och inbyggda lösningar

Den omvälvning som AI medför och den svaga efterfrågan tvingar företaget att inleda förhandlingar om nedskärningar.

Regulatory press release2/10/2026, 6:00 AM

Inside information: Etteplan initiates change negotiations in its Software and Embedded Solutions service area

Third party research2/9/2026, 7:37 AM

Etteplan: Still waiting for the market to turn - Evli

Etteplan is set to report its Q4 figures on February 12. We expect that the market and demand situation remained challenging in Q4, with no clear signs of recovery in 2026.

Press release2/5/2026, 11:00 AM

Etteplan's Financial Statement Release for 2025 to be published on February 12, 2026

Etteplan Q4'25 förhandskommentar: Osäkerhet kring utvecklingen i slutet av året, men utsikterna är avgörande

Analyst Comment2/4/2026, 6:12 AM by

Roni Peuranheimo

Etteplan Q4'25 förhandskommentar: Osäkerhet kring utvecklingen i slutet av året, men utsikterna är avgörande

Enligt vår bedömning minskade den organiska omsättningen ytterligare under Q4, och tillväxten är helt beroende av företagsförvärv.

Press release1/7/2026, 8:00 AM

Etteplan and Tampere University launch collaboration in AI research - Aiming to develop solutions for industrial AI challenges

Regulatory press release12/16/2025, 11:00 AM

Etteplan's Board of Directors resolved on key personnel incentive plan

Etteplan meddelade om uppdaterat ramavtal med Vattenfall

Analyst Comment11/28/2025, 5:45 AM by

Roni Peuranheimo

Etteplan meddelade om uppdaterat ramavtal med Vattenfall

Etteplan meddelade på torsdagen att de har tecknat ett nytt ramavtal med Vattenfall AB.

Press release11/27/2025, 7:00 AM

Etteplan signs framework agreement with one of Europe's leading energy companies for technical consulting and engineering services

Third party research10/30/2025, 9:09 AM

Etteplan: Near-term outlook remains muted - Evli

Despite the profit warning released ahead of the Q3 report, there were also positives in the report considering the challenging market conditions. However, the short-term outlook and visibility of a potential market turn remain muted.

Etteplan Q3'25: Mycket att se fram emot under resten av året

Research10/30/2025, 6:00 AM by

Roni Peuranheimo

Etteplan Q3'25: Mycket att se fram emot under resten av året

Etteplans Q3-rapport innehöll ingen större dramatik trots den negativa vinstvarningen, och marginalen var till och med måttlig. Vinstvarningen gällde främst utsikterna för slutet av året, vilket understryker att företaget inte återhämtar sig på kort sikt och att visibiliteten för resten av året är svag.

Etteplan Oyj, Webcast, Q3'25

Webcast10/29/2025, 12:30 PM

Etteplan Oyj, Webcast, Q3'25

Third party research10/29/2025, 12:23 PM

Etteplan: Profitability resilient despite weak demand - Evli

Etteplan issued a profit warning yesterday alongside preliminary Q3 figures. Today's full results were broadly in line with our estimates, which still reflected the old guidance. Profitability improved clearly from last year’s weak levels, supported ...

Regulatory press release10/29/2025, 11:00 AM

Etteplan Q3 2025: Profitability developed positively despite the weak market situation

Forum discussions

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

11/27/2025, 8:22 AM

by Critter

5

Here is a fresh company report from Roni on Etteplan and its Q4 Etteplan’s Q4 figures fell slightly short of our forecasts, and the midpoints of the 2026 guidance were also slightly lower than our estimates. There is no immediate recovery visible in the market outlook, and the company...

2/13/2026, 7:22 AM

by Sijoittaja-alokas

3

Here are Roni’s comments on Etteplan’s new updated framework agreement with Vattenfall. Etteplan announced on Thursday that it had signed a new framework agreement with Vattenfall AB. The agreement is a continuation of the companies’ long-standing cooperation, and therefore does ...

11/28/2025, 5:51 AM

by Sijoittaja-alokas

3

Roni Peuranheimo’s guest was Etteplan CEO Juha Näkki Inderes Etteplan Q4'25: Haastava markkina vaivasi - Inderes Aika: 12.02.2026 klo 16.59 Investointien käynnistymiset antoivat odottaa itseään vuonna 2025, mikä näkyi vaikeana markkinana Etteplanille. Etteplanin toimitusjohtaja Juha...

2/12/2026, 3:49 PM

by Sijoittaja-alokas

2

Roni has been quick to write a comment regarding the release above Etteplan announced that it is initiating change negotiations in its Software and Embedded Solutions service area in Finland. The negotiations cover 336 employees and could lead to a maximum of 40 redundancies and ...

2/10/2026, 6:50 AM

by Sijoittaja-alokas

2

Inderes Sisäpiiritieto: Etteplan käynnistää muutosneuvottelut Ohjelmisto- ja... Etteplan Oyj, Pörssitiedote/Sisäpiiritieto, 10.2.2026 klo 08.00Sisäpiiritieto: Etteplan käynnistää muutosneuvottelut Ohjelmisto- ja sulautetut ratkaisut -palvelualueellaan Etteplan aloittaa ... Inside...

2/10/2026, 6:15 AM

by Sijoittaja

2

Here are Roni’s comments on Etteplan’s negative outlook. Etteplan issued a profit warning yesterday and lowered its revenue and operating profit guidance for 2025 due to weaker-than-expected market demand. The profit warning was thus issued a day before the company’s Q3 results, ...

10/29/2025, 5:45 AM

by Sijoittaja-alokas

2

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