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Finland's Sitowise Q3 net sales riseon Infra and Buildings growth; does not give forecast

By Reuters News


Overview

  • Finland technical consulting firm's Q3 net sales rose 5.3% yr/yr

  • Adjusted EBITA margin improved to 9.8% from 8.9% yr/yr

  • Growth driven by Infra and Buildings segments, aided by infrastructure and data center projects


Outlook

  • Sitowise has decided not to provide net sales or profitability guidance for 2026

  • Company expects technical consulting market to remain mixed through end-2026 and into 2027

  • Sitowise sees continued weak demand for residential construction in 2027, limiting recovery in new construction


Result Drivers

  • INFRA SEGMENT - Infra net sales rose 8.2%, supported by tramway, transport infrastructure and green transition projects, though regional infrastructure planning demand remained weak

  • BUILDINGS SEGMENT - Buildings revenue increased 7.6%, driven by data center projects and a more balanced project portfolio, which also supported higher utilization and profitability

  • DIGITAL SOLUTIONS - Digital Solutions net sales declined 3.4% as demand remained weak, but profitability was supported by a higher share of SaaS revenue and recent adjustment measures


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

EUR 37.60 mln

Q3 EPS

EUR 0.02

Q3 Net Income

EUR 900,000

Q3 Adjusted EBITA

EUR 3.70 mln

Q3 EBITA

EUR 3.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy."

  • Wall Street's median 12-month price target for Sitowise Group Oyj is €2.60, about 18.2% above its November 4 closing price of €2.20


Reuters Recommended Reads

  • Nov 5 - Norway's NRC Group Q3 revenue flat, EBIT rises on Finland demand

  • Nov 3 - Norway's Multiconsult Q3 EBITA drops on restructuring costs

  • Nov 3 - Sweden's Rejlers Q3 sales miss as war in Iran, delayed Norway projects weigh


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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