ETTEPLAN Oyj Stock exchange release 19.12.2016 at 1.00 P.M.
The Board of Directors of Etteplan Oyj has in its meeting on December 19, 2016 decided to update Etteplan's strategic and financial targets. The new targets are:
- Growth: Average annual revenue growth 15 per cent.
- Profitability: EBIT from business operations 10 per cent of revenue.
- Managed Services: The share of Managed Services of Revenue i.e. Managed Services index (MSI) 65 per cent by the 2019.
- Balance sheet: Equity ratio >30 per cent.
The targets for growth and profitability remain the same as before. The target for Managed Services was previously 50 per cent. The target related to equity ratio is new.
Vantaa December 19, 2016
Etteplan Oyj
Board of Directors
For more information: Juha Näkki, CEO and President, tel. +358 400 606 372
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan's services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are the world's leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers' products and engineering processes throughout the product life cycle. The results of Etteplan's innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2015, Etteplan had turnover of EUR 141.1 million. The company has about 2,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETT1V ticker. www.etteplan.com