Etteplan Oyj

HLSE:ETTE Stock Report

Market Cap: €194.4m

Etteplan Oyj Management

Management criteria checks 3/4

Etteplan Oyj's CEO is Juha Nakki, appointed in Jan 2008, has a tenure of 18.58 years. total yearly compensation is €626.00K, comprised of 85.6% salary and 14.4% bonuses, including company stock and options. directly owns 0.85% of the company’s shares, worth €1.66M. The average tenure of the management team and the board of directors is 7.3 years and 2.3 years respectively.

Key information

Juha Nakki

Chief executive officer

€626.0k

Total compensation

CEO salary percentage85.62%
CEO tenure18.6yrs
CEO ownership0.9%
Management average tenure7.3yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

Narrative Update Jun 24

ETTE: AI-Powered Outsourcing Contracts Will Support A Stronger Profit Outlook

Analysts have kept their price target for Etteplan Oyj broadly unchanged at €8.17, reflecting only minimal technical adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Etteplan Oyj agreed a collaboration with J5L Production Oy, taking responsibility for coordinating and managing J5L Production's engineering work using the AI-based Etteplan LEAN service solution.
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...
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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...

CEO Compensation Analysis

How has Juha Nakki's remuneration changed compared to Etteplan Oyj's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€9m

Dec 31 2025€626k€536k

€11m

Sep 30 2025n/an/a

€10m

Jun 30 2025n/an/a

€8m

Mar 31 2025n/an/a

€9m

Dec 31 2024€635k€544k

€10m

Sep 30 2024n/an/a

€13m

Jun 30 2024n/an/a

€16m

Mar 31 2024n/an/a

€16m

Dec 31 2023€2m€669k

€17m

Sep 30 2023n/an/a

€18m

Jun 30 2023n/an/a

€15m

Mar 31 2023n/an/a

€17m

Dec 31 2022€873k€749k

€18m

Sep 30 2022n/an/a

€17m

Jun 30 2022n/an/a

€21m

Mar 31 2022n/an/a

€21m

Dec 31 2021€607k€519k

€20m

Sep 30 2021n/an/a

€19m

Jun 30 2021n/an/a

€19m

Mar 31 2021n/an/a

€18m

Dec 31 2020€879k€805k

€17m

Sep 30 2020n/an/a

€15m

Jun 30 2020n/an/a

€17m

Mar 31 2020n/an/a

€17m

Dec 31 2019€557k€476k

€17m

Compensation vs Market: Juha's total compensation ($USD721.78K) is about average for companies of similar size in the Finnish market ($USD573.09K).

Compensation vs Earnings: Juha's compensation has been consistent with company performance over the past year.


CEO

Juha Nakki (53 yo)

18.6yrs
Tenure
€626,000
Compensation

Mr. Juha Nakki, M.Sc. (Eng.) has been the President and Chief Executive Officer at Etteplan Oyj since 2012. Mr. Nakki has been the Chairman of the Management Group at Etteplan Oyj since 2012 and also as it...


Leadership Team

NamePositionTenureCompensationOwnership
Juha Nakki
President18.6yrs€626.00k0.85%
€ 1.7m
Helena Kukkonen
CFO & Member of Management Board5yrsno data0.012%
€ 22.8k
Mikael Vatn
Senior VP of Technical Communication & Data Solutions and Member of Mngt. Group14.6yrsno data0.031%
€ 60.5k
Riku Riikonen
Senior VP of Engineering Solutions & Member of Management Group11.6yrsno datano data
Outi Torniainen
Senior VP of Communications & Marketing and Member of Management Group10.1yrsno data0.034%
€ 65.9k
Jukka Lahtinen
Senior VP of Global Sales & Management Group Member7.6yrsno data0.032%
€ 61.3k
Minna Tornikoski
Senior VP of Human Resources & Member of Management Group7yrsno data0.018%
€ 35.0k
Eric Tengstrand
Senior VP of Solutions & Technologies Group Function and Member of Group Management2.6yrsno data0.0058%
€ 11.3k
Harri Saikkonen
Senior VP of Software & Embedded Solutions and Member of Group Managementless than a yearno datano data
Per-Anders Gådin
Senior VP of Mergers2.6yrsno datano data
7.3yrs
Average Tenure
55yo
Average Age

Experienced Management: ETTE's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Outi Henriksson
Independent Director1.3yrs€39.90kno data
Robert Ingman
Independent Chairman of the Board17.6yrs€99.00k0.26%
€ 500.5k
Tomi Ristimäki
Independent Director3.3yrs€51.60kno data
Sonja Sarasvuo
Independent Director3.3yrs€51.60kno data
Katri Piirtola
Independent Director1.3yrs€37.50kno data
Samuli Hanninen
Directorless than a yearno datano data
2.3yrs
Average Tenure
49.5yo
Average Age

Experienced Board: ETTE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/04 02:43
End of Day Share Price 2026/08/04 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
Emil ImmonenDNB Carnegie
Markku JärvinenEvli Bank plc
Atte JortikkaEvli Bank plc