Etteplan Oyj

HLSE:ETTE Stock Report

Market Cap: €182.8m

Etteplan Oyj Past Earnings Performance

Past criteria checks 4/6

Etteplan Oyj's earnings have been declining at an average annual rate of -15.9%, while the Professional Services industry saw earnings declining at 15.9% annually. Revenues have been growing at an average rate of 5% per year. Etteplan Oyj's return on equity is 7.6%, and it has net margins of 2.6%.

Key information

-15.92%

Earnings growth rate

-16.12%

EPS growth rate

Professional Services Industry Growth6.02%
Revenue growth rate5.03%
Return on equity7.60%
Net Margin2.61%
Next Earnings Update05 Aug 2026

Recent past performance updates

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 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...

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...
User avatar
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...

Revenue & Expenses Breakdown

How Etteplan Oyj makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

HLSE:ETTE Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26357950
31 Dec 253611150
30 Sep 253601060
30 Jun 25358860
31 Mar 25359960
31 Dec 243611060
30 Sep 243651340
30 Jun 243651640
31 Mar 243621640
31 Dec 233601740
30 Sep 233561820
30 Jun 233561520
31 Mar 233561720
31 Dec 223501820
30 Sep 223441730
30 Jun 223312130
31 Mar 223172130
31 Dec 213002030
30 Sep 212851910
30 Jun 212741910
31 Mar 212611810
31 Dec 202601710
30 Sep 202611520
30 Jun 202681720
31 Mar 202691720
31 Dec 192631720
30 Sep 192541860
30 Jun 192451660
31 Mar 192431660
31 Dec 182361560
30 Sep 182321460
30 Jun 182271360
31 Mar 182191260
31 Dec 172151160
30 Sep 172091100
30 Jun 172041000
31 Mar 17200900
31 Dec 16184700
30 Sep 16171600
30 Jun 16161600
31 Mar 16145600
31 Dec 15141600
30 Sep 15136700

Quality Earnings: ETTE has high quality earnings.

Growing Profit Margin: ETTE's current net profit margins (2.6%) are higher than last year (2.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ETTE's earnings have declined by 15.9% per year over the past 5 years.

Accelerating Growth: ETTE's earnings growth over the past year (6.9%) exceeds its 5-year average (-15.9% per year).

Earnings vs Industry: ETTE earnings growth over the past year (6.9%) exceeded the Professional Services industry -2.1%.


Return on Equity

High ROE: ETTE's Return on Equity (7.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 18:24
End of Day Share Price 2026/07/07 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