Sitowise appoints new CTO
By Olli Vilppo
Translation: Original published in Finnish on 1/19/2026 at 8:55 am EET.
Sitowise announced on Monday that Mikko Korhonen has been appointed as the company's new Chief Technology Officer (CTO) and a member of the Management Team. The appointment complements recent changes in the company's management and emphasizes the role of technology in the company's strategy. The news does not cause changes to our estimates or our view of the company.
New CTO will start in March
Sitowise announced on Monday that Mikko Korhonen has been appointed as the company's new Chief Technology Officer, effective March 1, 2026. Korhonen joins the company from Sofigate, where he has served as CIO and IT Director. He replaces former CIO Turo Tinkanen, whose departure the company announced in October.
The change in role emphasizes the importance of digital
This is the first time Sitowise has specifically appointed a Chief Technology Officer (CTO) instead of a Chief Information Officer (CIO). We see the change in title and Korhonen's appointment as a signal that the company wants to integrate technology, data, and artificial intelligence more strongly into its core business. The appointment aligns with the company's strategy, where digital solutions play a key role. Korhonen's background and new role support the company's goal of leveraging automation and AI to enhance expert work and create new customer value.
No impact on forecasts
The appointment has no impact on our forecasts or view of the company. However, we consider it a positive development that the company is filling key management positions and strengthening its expertise in a strategically important technology area. The success of the new CTO will be evaluated in the long term by how well the company commercializes its digital solutions and improves the efficiency of expert work through technology.
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Sitowise Group operates in the construction and infrastructure sector. The company specializes in the development of large construction projects. Examples of projects that the company carries out include road and building construction, as well as pipe and underground construction. The projects are carried out independently and in collaboration with other players in the industry. The largest operations are found in the Nordic market, where customers are found among corporate customers and public actors.
Read more on company pageKey Estimate Figures12.01.
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 192.9 | 186.4 | 191.8 |
| growth-% | -8.5 % | -3.4 % | 2.9 % |
| EBIT (adj.) | 4.6 | 4.3 | 9.1 |
| EBIT-% (adj.) | 2.4 % | 2.3 % | 4.8 % |
| EPS (adj.) | -0.01 | -0.02 | 0.07 |
| Dividend | 0.00 | 0.00 | 0.02 |
| Dividend % | 0.9 % | ||
| P/E (adj.) | neg. | neg. | 33.3 |
| EV/EBITDA | 11.9 | 11.4 | 8.0 |
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