Finland's Etteplan Q1 revenue falls on weak market conditions

Etteplan Oyj

07/05/2026 11:12

Overview

Finland technology services firm's Q1 revenue fell 4.6% yr/yr amid weak market conditions

Q1 operating profit (EBIT) dropped 47.8% due to postponed and canceled customer projects

Company narrowed 2026 EBIT guidance to EUR 19-23 mln, citing continued market uncertainty

Outlook

Etteplan sees 2026 revenue at EUR 360-380 mln

Company narrows 2026 EBIT guidance to EUR 19-23 mln from EUR 19-25 mln

Company says market uncertainty and risk levels remain high due to geopolitical tensions

Result Drivers

MARKET UNCERTAINTY - Co said geopolitical tensions and armed conflicts led to postponed and canceled customer projects, weakening demand and impacting revenue and profit

RESTRUCTURING MEASURES - Co implemented adaptation and organizational restructuring, especially in Software and Embedded Solutions, to address weak demand

AI INVESTMENTS - Despite market challenges, co continued investing in AI-driven service solutions, increasing their share of revenue to 6%

Company press release: ID:nWkrJBnYx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 90.51 mln
Q1 EBIT
EUR 2.17 mln
Q1 EBITA
EUR 3.70 mln
Q1 EBIT Margin
2.40%
Q1 ROCE
4.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for Etteplan Oyj is €9.50, about 33.1% above its May 6 closing price of €7.14

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)