Q2 2026 Etteplan Oyj Earnings Call Transcript
Key Points
- Demand improved notably towards the end of Q2, with R&D activity picking up and June showing growth, signaling a potential market recovery.
- China performed strongly, with hours sold increasing by 16% in Q2 and solid full-year development.
- AI-driven offerings are gaining traction, with all new major agreements including AI solutions and high customer interest, supporting future growth.
- Metal and Mining segment increased, historically a leading indicator of market recovery, and Aerospace & Defense grew 9%.
- Temporary layoffs in Finland decreased by the end of Q2, indicating improving market conditions and operational stabilization.
- Revenue declined 2.7% in Q2 and 3.7% in H1, with organic growth at -3.5%, reflecting continued weak market conditions.
- Profitability remained below expectations, with EBITA margin at 6.1% in Q2 and 5.1% in H1, impacted by one-time items and operational inefficiencies.
- Automotive sector, particularly in Germany and Sweden, continued to struggle, causing demand declines and profitability pressure.
- Technical Communication and Data Solutions revenue dropped 3.8% due to lower delivery volumes, especially from German automotive customers.
- Guidance was revised downwards due to high geopolitical risks and market uncertainty, with the upper end of revenue and EBIT ranges reduced.
¤ -
Welcome to this webcast presentation for Etteplan's Q2 results for 2026. My name is Juha Näkki, I'm the CEO of the company. At the end of the session, there will be a Q&A session where you will also be able to ask questions from our CFO, Helena Kukkonen. As we have gotten used to, this is the agenda for the presentation. We'll look at the Q2 highlights and overview first, a little bit more in detail to the financial development. We will have a look at our service areas and performance there. To end the presentation, we'll look at our strategy, how we did on our strategic targets, and also give out the financial guidance. After the presentation, there will be the Q&A session. If I start with the highlights of Q2.
It was still a difficult quarter for us after a really bad Q1 and all the events that took place during Q1. Q2 took off in a slow manner. During the quarter, and especially towards the end of the quarter, there was clearly an improving demand situation. We could see clearly that especially R&
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
