contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Olli Koponen

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.

I took advantage of this Black Friday introductory offer. For me, these consulting firms are fundamentally a definite no for my portfolio, but a market capitalization of just under 80 million euros in relation to revenue (of course, on the flip side, also considerable net debt) piqued my interest for a closer look. Usually, the first thing I check with a new prospect is who my business partners are. Therefore, I checked the list of the largest shareholders and its biggest changes. In November, Proprius Partners seems to have disappeared from the list of the 100 largest shareholders. Instead, Erkki Etola has added 378,000 pcs.

Black Friday stock showing -15% on the board, without any news? Apparently, someone has a strong need to get rid of the shares.

Sitowise’s CEO Heikki Haasmaa spoke about his company at the Sijoittaja 2025 event                    Inderes              Sitowise sijoituskohteena | Sijoittaja 2025 - Inderes    Aika: 28.11.2025 klo 11.17 Sitowisen toimitusjohtaja Heikki Haasmaa kertoo yhtiön liiketoiminnasta Sijoittaja 2025 -tapahtumassa.

Isa and Olli chatted in English about Sitowise regarding Q3.    \n\n\nhttps://www.inderes.fi/videos/sitowise-q325-at-the-bottom-of-the-cycle\n\nThis video can also be found here: https://www.youtube.com/@inderesnordic

Vilppo has prepared a new company report on Sitowise after Q3.  Sitowise’s Q3 result was subdued overall. Finland performed well, but losses in Sweden deepened. At the bottom of the construction cycle, all cash flow is consumed by financing costs, but as demand recovers, results could improve quickly. However, we still need clearer signs of an earnings turnaround before taking a bolder view. https://www.inderes.fi/research/sitowise-q325-tarkkailuasemissa-syklin-poh

Olli interviewed Sitowise’s CEO Heikki Haasmaa regarding Q3                    Inderes              Sitowise Q3'25: Ruotsi tappiolla - Inderes    Aika: 06.11.2025 klo 15.28 Sitowise raportoi aamulla Q3-tuloksen. Yhtiön liikevaihto laski noin 3 %:n verran ja oikaistu EBITA-liikevoitto laski myös hieman. Ruotsissa suunta näyttää olevan yhä alaspäin. Sitowisen toimitusjohtaja Heikki Haasmaa...                             Topics: 00:00 Introduction  00:14 Q3 development  02:25 Infra and Digital Businesses  04:23 Finnish House Business  06:07 Sweden is at a loss  08:54 Orders received are picking up  09:20 The balance sheet has sufficient company value  10:18 Order book and outlook  11:01 Market situation

Here are Vilppo’s comments on the Q3 results.  Sitowise reported a subdued result overall in the morning, which also fell slightly short of our low expectations. The company’s revenue decreased by approximately 3%, and its adjusted EBITA operating profit also declined slightly from a weak comparison period. Based on what was reported, Infrastructure and Digital Solutions continued to perform well, but in Sweden, the trend still appears to be clearly downwards. The outlook remained largely unchanged across different segments, and there was no significant boost to the order book yet either. The Net Debt/EBITDA ratio, which indicates the current weak financial performance, already rose to 7.2x, which is very high and underscores the need for successful profit improvement measures.                   Inderes              Sitowise Q3’25 -pikakommentti: Ruotsi veti koko konsernin tulosta edelleen...    Sitowise raportoi aamulla kokonaisuutena vaisun tuloksen, joka jäi hieman myös matalista odotuksistamme. Yhtiön liikevaihto laski noin 3 %:lla ja oikaistu EBITA-liikevoitto laski myös sen myötä hieman heikosta vertailukaudesta. Kerrotun perusteella...

Sitowise Group

. The Q3 report was in line with expectations in terms of growth, earnings and the outlook. Sitowise’s guidance updated before the result remained unchanged. The order book is at a strong record...

<p>. The Q3 report was in line with expectations in terms of growth, earnings and the outlook. Sitowise’s guidance updated before the result remained unchanged. The order book is at a strong record level, but possible slowdown in demand in Finland and drop in profitability create uncertainty about the earnings level in coming years. When uncertainty dispels and projects start, we expect billable utilization and profitability to improve toward previous levels. In addition to the order book, growth is supported by completed acquisitions next year. Considering the growth, the company’s potential and quality, we believe there is upside in the valuation, which together with the dividend raises the expected return to a very attractive level.</p> 

	2021	22e	23e
Revenue	179.3	201.8	214.7
growth-%	12.0 %	12.5 %	6.4 %
EBIT (adj.)	18.9	18.3	20.9
EBIT-% (adj.)	10.6 %	9.1 %	9.8 %
EPS (adj.)	0.29	0.35	0.41
Dividend	0.10	0.14	0.16
Dividend %	1.2 %	5.7 %	6.6 %
P/E (adj.)	27.4	6.9	6.0
EV/EBITDA	13.3	5.5	4.2

Sitowise: Growth through acquisitions

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Key Estimate Figures27.10.2022

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