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

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

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.)