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Research

Sitowise: Moving forward with good prospects

By Olli KoponenAnalyst
Sitowise Group
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The result for 2021 was largely in line with our expectations and the future outlook seems positive, although there are uncertainties about future economic activity. Good market demand combined with Sitowise's strong order book, efficient business model, light balance sheet, and strong cash flow gives the company good preconditions to continue its strong and profitable growth both organically and through acquisitions. Looking into 2022 we feel the valuation offers sufficient expected return relative to the risks considering the growth opportunities offered by acquisitions.

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 page

Key Estimate Figures02.03.2022

202122e23e
Revenue179.3193.3203.8
growth-%12.0 %7.8 %5.4 %
EBIT (adj.)18.920.322.1
EBIT-% (adj.)10.6 %10.5 %10.8 %
EPS (adj.)0.290.410.44
Dividend0.100.140.16
Dividend %1.2 %6.0 %6.8 %
P/E (adj.)27.45.85.3
EV/EBITDA13.34.33.8

Forum discussions

Iikka and Olli chatted about Sitowise Inderes Ruotsi on Sitowisen kivireki - Inderes Aika: 30.03.2026 klo 16.10 Sitowise tekee Ruotsissa turskaa...
3/30/2026, 2:04 PM
by Sijoittaja-alokas
3
Hi everyone! Attached is our pre-silent period newsletter for Q1 2026 Q1/2026 Pre-silent period newsletter yt. Mari / Sitowise
3/27/2026, 3:46 PM
by Sitowise IR / Mari
5
Here are Olli’s comments on how Sitowise updated its financial targets. Sitowise announced on Tuesday its new medium-term strategic priorities...
3/17/2026, 7:23 AM
by Sijoittaja-alokas
2
Here are Olli’s comments on Sitowise’s new financing agreement. Sitowise announced on Wednesday morning that it has signed a new 89 MEUR secured...
3/11/2026, 9:35 AM
by Sijoittaja-alokas
1
Here is the latest company report on Sitowise by Olli following Q4 Sitowise’s Q4 proceeded in line with our expectations regarding the bottom...
2/12/2026, 7:52 AM
by Sijoittaja-alokas
2
Olli Vilppo interviewed Sitowise’s new CEO Anna Wäck after the Q4 results. Inderes Sitowise Q4'25: Uusi toimitusjohtaja - Inderes Aika: 11.02...
2/11/2026, 5:06 PM
by Sijoittaja-alokas
2
Inderes Sitowise Q4’25 -pikakommentti: Tulosrivit ja näkymät pitkälti odotusten... Sitowise raportoi aamulla odotuksiemme mukaiset tulosrivit...
2/11/2026, 7:40 AM
by Olli Vilppo
7
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