Slide 1: Etteplan Q2 2026: Demand shows first signs of recovery amid uncertainty
Etteplan Q2 2026: Demand shows first signs of recovery amid uncertainty JUHA NÄKKI, CEO AUGUST 5, 2026 ESPOO, FINLAND
Slide 2: Agenda
Agenda 1. Highlights and overview Q2 2026 2. Financial development Q2 2026 3. Service areas Q2 2026 4. Etteplan’s strategy and financial guidance 2026 5. Q&A Etteplan Q2/2026 Investor Presentation
Slide 3: Highlights Q2 2026
Highlights Q2 2026 + Improving demand – Towards the end of the quarter, demand began to show slight signs of a recovery, particularly in product development – the first encouraging sign of an emerging turnaround in the market for a long time. + In China, the demand situation was better, and the numb
Slide 4: Operating environment and countries Q2 2026
Operating environment and countries Q2 2026 OPERATING ENVIRONMENT DEVELOPMENT OF DEMAND IN ETTEPLAN’S OPERATING COUNTRIES • The operating environment remained challenging in the second quarter. Geopolitical tensions and prolonged • Demand in our operating countries in Europe remained conflicts kept
Slide 5: Key figures Q2 2026
Key figures Q2 2026 Operating Operating EPS Revenue profit profit (Earnings 88.9 M€ (EBITA) (EBIT) per share) -2.7% 5.5 M€ 4.2 M€ 0.10 € 6.1% 4.7% Etteplan Q2/2026 Investor Presentation
Slide 6: Revenue and personnel Q2 2026
Revenue and personnel Q2 2026 Revenue by Revenue by country Personnel by country service area EUR 88.9 million 3,680 EUR 88.9 million Engineering solutions 58% (56%) Finland 45% (46%) Finland 47% (48%) Software and Embedded Solutions 22% (23%) Scandinavia 27% (27%) Scandinavia 19% (18%) Technical Co
Slide 7: Revenue by customer segment Q2 2026
Revenue by customer segment Q2 2026 0% 4% 8% 12% 16% 20% Energy 16% (16%) Automotive 13% (15%) Metal and Mining 11% (9%) Industrial Machinery 10% (10%) Aerospace and Defence 9% (7%) Forest Industry 9% (10%) Chemical 5% (5%) ICT and Electronics 5% (5%) Building technology 4% (5%) Marine and Transport
Slide 8: Financial development Q2/2026
Financial development Q2/2026
Slide 9: Key figures
Key figures M€ 4-6/2026 4-6/2025 Change % 1-6/2026 1-6/2025 Change % 1-12/2025 Revenue 88.9 91.4 -2.7 179.4 186.3 -3.7 361.4 Operating profit (EBITA) 5.5 6.0 -9.0 9.2 11.8 -22.3 24.2 EBITA, % 6.1 6.6 5.1 6.3 6.7 Operating profit (EBIT) 4.2 4.4 -4.4 6.4 8.5 -25.5 17.9 EBIT, % 4.7 4.8 3.5 4.6 4.9 Basi
Slide 10: Revenue – Market uncertainty continues
Revenue – Market uncertainty continues • Weak demand continued in REVENUE REVENUE January–June Q2 1-6 2026 • Revenue accrual picked up towards the end of the review 88.9 M€ 179.4 M€ period (91.4 M€) -2.7% (186.3 M€) -3.7% • At comparable exchange rates -3.2% • At comparable exchange rates -4.3% • In
Slide 11: EBITA – Result impacted by challenging market situation
EBITA – Result impacted by challenging market situation • Non-recurring items were -0.3 EBITA EBITA M€ (-0.9) in Q2 and -1.0 M€ Q2 1-6 2026 (-2.3) in H1 • The non-recurring items 5.5 M€ 9.2 M€ consisted of expenses related to organizational restructuring (6.0 M€) -9.0% (11.8 M€) -22.3% and adaptatio
Slide 12: EBIT
EBIT • In Q2, amortizations EBIT EBIT related to acquisitions Q2 1-6 2026 were -1.3 M€ (-1.6) 4.2 M€ 6.4 M€ (4.4 M€) -4.4% (8.5 M€) -25.5% EBIT-% 4.7% (4.8%) EBIT-% 3.5% (4.6%) • Non-recurring items -0.3 M€ (-0.9) • Non-recurring items -1.0 M€ (-2.3) • Amortizations related to acquisitions -1.3 M€ (
Slide 13: Earnings per share – At previous year's level in Q2
Earnings per share – At previous year's level in Q2 • For Q2, earnings per EARNINGS PER SHARE EARNINGS PER SHARE share at previous year's Q2 1-6 2026 level and for H1 below 0.10 € 0.14 € (0.10 €) 5.4% (0.19 €) -26.3% € 0.80 0.73 0.60 0.66 0.40 0.36 0.41 0.42 0.30 0.22 0.22 H1: 0.19 0.20 H1: 0.14 Q2:
Slide 14: Operating cash flow – Declined in Q2
Operating cash flow – Declined in Q2 • Weaker result and non-recurring OPERATING CASH OPERATING CASH items in H1 affected operating FLOW FLOW cash flow Q2 1-6 2026 • Operating cash flow accrues unevenly over the four quarters of the year due to periodic 3.7 M€ 7.8 M€ fluctuation in business (6.9 M€)
Slide 15: Personnel
Personnel • The number of personnel at the end of the 4,000 3,680 period was 3,680 (3,870) 3,929 3,902 3,803 3,777 China 3,000 Central • The average number of personnel during Europe the period was 3,722 (3,879) 2,000 Scandinavia • The number of personnel decreased by 4.9% compared to the end of Jun
Slide 16: Income statement
Income statement M€ 4-6/2026 4-6/2025 1-6/2026 1-6/2025 Change % 1-12/2025 Revenue 88.9 91.4 179.4 186.3 -3.7 361.4 Other operating income 0.3 0.2 1.1 0.4 1.2 Materials and services -11.8 -11.0 -23.0 -22.6 -45.7 Employee benefits expenses -59.4 -62.0 -123.2 -126.8 -242.5 Other operating expenses -9.
Slide 17: Balance sheet
Balance sheet M€ Jun 30, 2026 Jun 30, 2025 Dec 31, 2025 Goodwill 125.9 126.6 126.7 Other non-current assets 56.5 68.3 62.3 Non-current assets, total 182.4 194.9 189.0 Inventory 0.6 0.6 0.6 Trade and other receivables 85.6 92.5 83.9 Cash and cash equivalents 25.6 22.9 30.4 Current assets, total 111.8
Slide 18: Service areas Q2/2026
Service areas Q2/2026 @ etteplan
Slide 19: Engineering Solutions
Engineering Solutions • The demand situation remained challenging due to Q2 2026 customers' slow investment decisions and the • Revenue 51.7 M€ (51.6) +0.2% uncertain market environment. However, product development project activity increased towards the • Revenue from Managed Services 63% (65%) end
Slide 20: Software and Embedded Solutions
Software and Embedded Solutions • The market situation remained difficult: few new Q2 2026 product development projects were started, and • Revenue 19.5 M€ (21.5) -9.1% projects were also postponed and canceled. • Revenue from Managed Services 55% (50%) • The market situation was reflected in the se
Slide 21: Technical Communication and Data Solutions
Technical Communication and Data Solutions • The service area's revenue decreased slightly year - Q2 2026 on-year, and profitability was at a modest level. The • Revenue 17.7 M€ (18.4) -3.8% weak situation in the German automotive industry affected the development of the service area. • Revenue from
Slide 22: Etteplan's strategy and financial guidance 2026
Etteplan’s strategy and financial guidance 2026
Slide 23: Transformation with AI
Etteplan strategy 2025-2027 Vision Transformation The best service solutions to boost customers’ sustainability, productivity and digital business with AI Business Focus Widening solution portfolio to boost customers’ sustainable growth and improve efficiency Trusted partner Targeting a leading posi
Slide 24: Financial and strategic targets 2027
Financial and strategic targets 2027 35% 75% > 500 M€ >10% of revenue from AI-driven of revenue Revenue Operating profit service solutions from Managed Services (EBITA) 1-6/2026: 6% 1-6/2026: 66% Rolling 12 months: 1-6/2026: 5.1% 355 M€ Etteplan Q2/2026 Investor Presentation 24
Slide 25: Financial guidance and market outlook 2026
Financial guidance and market outlook 2026 FINANCIAL GUIDANCE (AUGUST 5, 2026) MARKET OUTLOOK Etteplan issues guidance for revenue and operating profit The most important factor affecting Etteplan’s business is the (EBIT) as a numerical range. global development of the machinery and metal industry.
Slide 26: Q&A
Q&A Etteplan Q2/2026 Investor Presentation
Slide 27: Revenue and operating profit (EBIT) 2000-2026
Revenue and operating profit (EBIT) 2000-2026 M€ Revenue Operating profit (EBIT) M€ 400 35 350 30 300 25 250 20 200 15 150 10 100 5 50 0 0 -5 *Includes continuing and discontinued operations **Rolling 12 months Etteplan Q2/2026 Investor Presentation 27
Slide 28: Investor Relations contacts
Investor Relations contacts Outi Torniainen SVP, Marketing and Communications Tel. +358 10 307 3302 Helena Kukkonen CFO Tel. +358 10 307 2003 Juha Näkki CEO Tel. +358 10 307 2077 Etteplan Q2/2026 Investor Presentation
Slide 29: We bring people and technology together to change things for the better.
We bring people and technology together to change things for the better.