Etteplan

Despite the profit warning released ahead of the Q3 report, there were also positives in the report considering the challenging market conditions. However, the short-term outlook and visibility of a potential market turn remain muted.

Etteplan issued a profit warning yesterday alongside preliminary Q3 figures. Today's full results were broadly in line with our estimates, which still reflected the old guidance. Profitability improved clearly from last year’s weak levels, supported ...

Etteplan reports Q3 figures on October 29. We expect improvement from an easier comparison period, although organic growth drivers remain few and visibility strained.

Etteplan’s H1 was disappointing, with the escalation of the trade war causing demand to weaken further in Q2 following an already soft Q1. The revised guidance requires a marked improvement over last year in H2.

There were no surprises in Etteplan’s Q2 figures, since the company earlier issued a profit warning and disclosed preliminary numbers. Although the figures were weak as expected, profitability was impacted by NRIs. In addition, on a positive note, the...