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Matti Hyytiäinen, President och CEO Etteplan Oyj, kommenterar kvartalsrapporten såhär:
"Orders received by Etteplan's central customers developed favourably in the second quarter of the year. Order books for several of our customers were still on low level compared to previous years, which reflected to Etteplan's revenue. Recovery of demand for design services, which took place in the beginning of the year, started to show as growth in Etteplan's revenue in the second quarter of the year. Our strengthened market position and determined adjustments improved the utilization rate of our design capacity and profitability. Intensifying of operations improved the cash flow in the beginning of the year too.
Productization of our services and investments to develop our sales organization have received a positive reception in the beginning of the year. Selling of new service products commenced well. In the review period Etteplan continued its investments to develop its offering. Cooperation agreement signed between Sjöland & Thyselius Holding AB and Etteplan's subsidiary LUTAB offers customers even quicker execution time in demanding product development projects. The first joint assignment for aviation sector commenced in the period under review.
We continued actions according to our strategy to strengthen our global delivery process. Etteplan increased its shareholding in Etteplan Vataple Technology Centre Ltd. in China to 70 per cent in the beginning of July. Our operations are based on high level design services close to customer combined with cost effective use of Etteplan's units in China. The number of companies using operating model that improves customers' cost competitiveness increased in the review period.
Etteplan is well positioned for the growth of the design services' demand and we are able to increase our design capacity without significant increase in fixed costs. According to our strategy, in addition to organic growth we aim to grow our business operations also with company acquisitions."
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