Here are Roni’s comments on Etteplan’s negative outlook.
Etteplan issued a profit warning yesterday and lowered its revenue and operating profit guidance for 2025 due to weaker-than-expected market demand. The profit warning was thus issued a day before the company’s Q3 results, which are reported today at 1:00 PM. The company also provided preliminary information on its Q3 figures, which, however, did not significantly deviate from our forecasts. However, the new guidance ranges are still quite wide, leaving room for uncertainty regarding the development for the rest of the year. The profit warning and Q3 results will likely lead to a reduction in our forecasts.