Etteplan Oyj Future Growth
Future criteria checks 3/6
Etteplan Oyj is forecast to grow earnings and revenue by 22.9% and 2.8% per annum respectively. EPS is expected to grow by 23% per annum. Return on equity is forecast to be 13.4% in 3 years.
Key information
22.9%
Earnings growth rate
23.01%
EPS growth rate
| Professional Services earnings growth | 25.0% |
| Revenue growth rate | 2.8% |
| Future return on equity | 13.38% |
| Analyst coverage | Low |
| Last updated | 08 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 07
ETTE: AI Documentation Outsourcing Will Support A Stronger Profit Outlook
Analysts have kept their price target for Etteplan Oyj steady at €8.17, citing largely unchanged fair value estimates along with minor adjustments to discount rate, revenue growth and future P/E assumptions. What's in the News Etteplan updated its 2026 guidance, keeping expected revenue in a range of €360 million to €380 million and adjusting the operating profit (EBIT) range to €19 million to €23 million, compared with reported revenue of €361.4 million and operating profit of €17.9 million for 2025.Narrative Update • May 16
ETTE: AI Documentation And Fiber Solutions Will Support A Balanced Outlook
Analysts have reduced their price target for Etteplan Oyj from €9.67 to €8.17, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E, which point to a lower fair value estimate. What's in the News Etteplan updated its 2026 guidance, keeping expected revenue in a range of €360m to €380m and narrowing expected operating profit (EBIT) to €19m to €23m compared with the earlier €19m to €25m range (Corporate guidance, 2026).Analysis Article • May 14
Etteplan Oyj's (HEL:ETTE) Earnings Offer More Than Meets The Eye
Investors signalled that they were pleased with Etteplan Oyj's ( HEL:ETTE ) most recent earnings report. This reaction...Analysis Article • May 12
Etteplan Oyj Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, Etteplan Oyj ( HEL:ETTE ) last week released its latest first-quarter, and things did not turn out...Narrative Update • Apr 28
ETTE: Fiber Demand And AI Documentation Solutions Will Support An Undervalued Outlook
Analysts have kept their €9.67 price target for Etteplan Oyj steady, citing largely unchanged assumptions on fair value, growth, margins and future P/E as the basis for their view. What's in the News Etteplan launched the next-generation Etteplan INFO service, an AI-based solution for outsourcing technical documentation and information management that is already in use with several customers and is intended to replace earlier outsourcing setups over time (Key Developments).Narrative Update • Apr 13
ETTE: Strong Fiber Solutions Demand Will Support A More Constructive Undervalued Outlook
Analysts have maintained their €9.67 price target for Etteplan Oyj, citing only small adjustments to assumptions such as the discount rate and future P/E. These changes leave their overall valuation view essentially unchanged.Narrative Update • Mar 30
ETTE: AI Research Collaboration Will Support A More Constructive Undervalued Outlook
Analysts have kept their €9.67 price target for Etteplan Oyj unchanged, citing only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions, without a clear shift in their overall view of the shares. What's in the News Company issued earnings guidance for 2026, with revenue estimated at €360m to €380m and operating profit (EBIT) estimated at €19m to €25m, compared with 2025 revenue of €361.4m and EBIT of €17.9m (company guidance).Narrative Update • Mar 15
ETTE: AI Collaboration And 2026 Guidance Will Support An Undervalued Outlook
Analysts have maintained their €9.67 price target for Etteplan Oyj, citing largely consistent assumptions for revenue growth, profit margins and future P/E. The only change is a small adjustment to the discount rate in their models.Narrative Update • Mar 01
ETTE: AI Research And 2026 Guidance Will Support An Undervalued Outlook
Analysts have kept their price target for Etteplan Oyj unchanged at €9.67, citing only modest tweaks to their assumptions on discount rate, revenue growth, profit margin and future P/E that do not materially alter their overall valuation view. What's in the News Etteplan issued earnings guidance for 2026, estimating revenue in a range of €360 million to €380 million, compared with €361.4 million in 2025 (Key Developments).Analysis Article • Feb 16
Etteplan Oyj's (HEL:ETTE) Dividend Will Be €0.22
The board of Etteplan Oyj ( HEL:ETTE ) has announced that it will pay a dividend on the 20th of April, with investors...Narrative Update • Feb 15
ETTE: Fair Outlook Balances AI Collaboration, New Framework Deal And Guidance
Analysts now estimate Etteplan Oyj’s fair value at about €9.67 per share, down from €11. This reflects updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples in their models.Analysis Article • Nov 06
There May Be Reason For Hope In Etteplan Oyj's (HEL:ETTE) Disappointing Earnings
The market for Etteplan Oyj's ( HEL:ETTE ) shares didn't move much after it posted weak earnings recently. Our analysis...Analysis Article • May 08
Etteplan Oyj Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Etteplan Oyj ( HEL:ETTE ) last week released its latest first-quarter, and things did not turn out...Analysis Article • Mar 27
Etteplan Oyj's (HEL:ETTE) Dividend Is Being Reduced To €0.22
Etteplan Oyj ( HEL:ETTE ) is reducing its dividend from last year's comparable payment to €0.22 on the 17th of April...Analysis Article • Feb 21
We Think You Can Look Beyond Etteplan Oyj's (HEL:ETTE) Lackluster Earnings
Soft earnings didn't appear to concern Etteplan Oyj's ( HEL:ETTE ) shareholders over the last week. We think that the...
New Narrative • Feb 17
Focusing On AI And China Expansion Will Strengthen Market Position
Strategic focus on AI solutions and electrification offers opportunities for higher-margin growth and sector diversification.Analysis Article • Nov 03
€12.00: That's What Analysts Think Etteplan Oyj (HEL:ETTE) Is Worth After Its Latest Results
As you might know, Etteplan Oyj ( HEL:ETTE ) recently reported its quarterly numbers. Results were overall in line with...Analysis Article • Aug 16
Why Etteplan Oyj's (HEL:ETTE) Earnings Are Better Than They Seem
Etteplan Oyj's ( HEL:ETTE ) solid earnings announcement recently didn't do much to the stock price. Our analysis...Analysis Article • Aug 12
Etteplan Oyj Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's shaping up to be a tough period for Etteplan Oyj ( HEL:ETTE ), which a week ago released some disappointing...Analysis Article • Apr 03
Here's Why It's Unlikely That Etteplan Oyj's (HEL:ETTE) CEO Will See A Pay Rise This Year
Key Insights Etteplan Oyj to hold its Annual General Meeting on 9th of April Total pay for CEO Juha Nakki includes...Analysis Article • Feb 26
Etteplan Oyj (HEL:ETTE) Will Pay A Smaller Dividend Than Last Year
Etteplan Oyj's ( HEL:ETTE ) dividend is being reduced from last year's payment covering the same period to €0.30 on the...Analysis Article • Feb 15
We Think You Can Look Beyond Etteplan Oyj's (HEL:ETTE) Lackluster Earnings
Soft earnings didn't appear to concern Etteplan Oyj's ( HEL:ETTE ) shareholders over the last week. We did some...Analysis Article • Feb 12
Etteplan Oyj (HEL:ETTE) Will Pay A Smaller Dividend Than Last Year
Etteplan Oyj ( HEL:ETTE ) is reducing its dividend to €0.30 on the 18th of Aprilwhich is 17% less than last year's...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 388 | 20 | 24 | 37 | 3 |
| 12/31/2027 | 373 | 17 | 22 | 34 | 3 |
| 12/31/2026 | 361 | 12 | 19 | 28 | 3 |
| 3/31/2026 | 357 | 9 | 30 | 31 | N/A |
| 12/31/2025 | 361 | 11 | 31 | 32 | N/A |
| 9/30/2025 | 360 | 10 | 28 | 29 | N/A |
| 6/30/2025 | 358 | 8 | 24 | 26 | N/A |
| 3/31/2025 | 359 | 9 | 26 | 28 | N/A |
| 12/31/2024 | 361 | 10 | 29 | 31 | N/A |
| 9/30/2024 | 365 | 13 | 27 | 29 | N/A |
| 6/30/2024 | 365 | 16 | 34 | 37 | N/A |
| 3/31/2024 | 362 | 16 | 34 | 36 | N/A |
| 12/31/2023 | 360 | 17 | 34 | 36 | N/A |
| 9/30/2023 | 356 | 18 | 31 | 34 | N/A |
| 6/30/2023 | 356 | 15 | 29 | 31 | N/A |
| 3/31/2023 | 356 | 17 | 25 | 27 | N/A |
| 12/31/2022 | 350 | 18 | 26 | 28 | N/A |
| 9/30/2022 | 344 | 17 | 28 | 30 | N/A |
| 6/30/2022 | 331 | 21 | 24 | 26 | N/A |
| 3/31/2022 | 317 | 21 | 32 | 34 | N/A |
| 12/31/2021 | 300 | 20 | 25 | 27 | N/A |
| 9/30/2021 | 285 | 19 | 30 | 31 | N/A |
| 6/30/2021 | 274 | 19 | 30 | 31 | N/A |
| 3/31/2021 | 261 | 18 | 35 | 37 | N/A |
| 12/31/2020 | 260 | 17 | 36 | 38 | N/A |
| 9/30/2020 | 261 | 15 | 36 | 38 | N/A |
| 6/30/2020 | 268 | 17 | 37 | 39 | N/A |
| 3/31/2020 | 269 | 17 | 28 | 30 | N/A |
| 12/31/2019 | 263 | 17 | N/A | 33 | N/A |
| 9/30/2019 | 254 | 18 | N/A | 31 | N/A |
| 6/30/2019 | 245 | 16 | N/A | 30 | N/A |
| 3/31/2019 | 243 | 16 | N/A | 25 | N/A |
| 12/31/2018 | 236 | 15 | N/A | 23 | N/A |
| 9/30/2018 | 232 | 14 | N/A | 19 | N/A |
| 6/30/2018 | 227 | 13 | N/A | 19 | N/A |
| 3/31/2018 | 219 | 12 | N/A | 20 | N/A |
| 12/31/2017 | 215 | 11 | N/A | 18 | N/A |
| 9/30/2017 | 209 | 11 | N/A | 16 | N/A |
| 6/30/2017 | 204 | 10 | N/A | 13 | N/A |
| 3/31/2017 | 200 | 9 | N/A | 9 | N/A |
| 12/31/2016 | 184 | 7 | N/A | 6 | N/A |
| 9/30/2016 | 171 | 6 | N/A | 4 | N/A |
| 6/30/2016 | 161 | 6 | N/A | 6 | N/A |
| 3/31/2016 | 145 | 6 | N/A | 8 | N/A |
| 12/31/2015 | 141 | 6 | N/A | 10 | N/A |
| 9/30/2015 | 136 | 7 | N/A | 9 | N/A |
| 6/30/2015 | 134 | 7 | N/A | 10 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETTE's forecast earnings growth (22.9% per year) is above the savings rate (2.3%).
Earnings vs Market: ETTE's earnings (22.9% per year) are forecast to grow faster than the Finnish market (14% per year).
High Growth Earnings: ETTE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ETTE's revenue (2.8% per year) is forecast to grow slower than the Finnish market (4.7% per year).
High Growth Revenue: ETTE's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ETTE's Return on Equity is forecast to be low in 3 years time (13.4%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 23:06 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Etteplan Oyj is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Emil Immonen | DNB Carnegie |
| Markku Järvinen | Evli Bank plc |
| Atte Jortikka | Evli Bank plc |