Brief: Sitowise Guidance Unchanged

Sitowise Oyj

16/08/2023 06:51

Aug 16 (Reuters) - Sitowise Group Oyj  SITOWS.HE :
    * LONG-TERM OUTLOOK FOR TECHNICAL CONSULTING IS FAVORABLE.
    * IN ALL OF OUR FOUR BUSINESS AREAS KEY GROWTH DRIVERS ARE, AMONG OTHERS, PROJECTS RELATED
TO
GREEN TRANSITION, RENOVATION BACKLOG, DIGITIZATION OF INDUSTRY, AND SECURITY
    * WE ESTIMATE THAT DIGITALIZATION AND INFRASTRUCTURE-RELATED GOALS INCLUDED IN FINLAND'S NEW
GOVERNMENT PROGRAM WILL HAVE A POSITIVE EFFECT ON OUR BUSINESS IN NEXT FEW YEARS
    * DURING Q2 OF 2023, SITOWISE'S ORDER BOOK REMAINED AT A GOOD LEVEL
    * SITOWISE GROUP OYJ - OUTLOOK FOR REST OF YEAR IN BUILDINGS BUSINESS AREA IS WEAK, AND WE
EXPECT
CHALLENGES TO CONTINUE ALSO IN 2024
    * IN OTHER BUSINESS AREAS WE SEE BOTH AREAS OF STRONGER AND WEAKER DEMAND, BUT AS A WHOLE,
OUTLOOK
FOR INFRA, DIGI AND SWEDEN BUSINESS AREAS REMAINS GOOD.
    * ESTIMATES THAT ITS NET SALES IN YEAR 2023 IN EUROS WILL INCREASE COMPARED TO 2022
    * SEES 2023 ADJUSTED EBITA MARGIN (%) WILL BE BROADLY AT SAME LEVEL AS ADJUSTED EBITA MARGIN
OF
2022
    * GUIDANCE (UNCHANGED, ISSUED ON 28 FEBRUARY 2023)

Source text for Eikon:  ID:nWkr7k1Sqp 
Further company coverage:  SITOWS.HE 

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