Brief: Sitowise Q2 Net Sales Down At EUR 50.9 Mln

Sitowise Oyj

13/08/2024 06:37

Aug 13 (Reuters) - Sitowise Group Oyj  SITOWS.HE :
    * STRATEGIC INITIATIVES PROGRESSING WELL, PROFITABILITY BURDENED BY LOW VOLUMES IN SWEDEN
    * IN BUILDINGS BUSINESS AREA, SECOND HALF OF YEAR WILL STILL BE WEAK
    * WE ARE SEEING SIGNS OF BOTTOMING OUT AND GRADUAL RECOVERY IN FINNISH CONSTRUCTION MARKET
AND
ESTIMATE GROWTH TO MATERIALIZE IN GREATER SCALE IN 2025
    * COST INFLATION, HIGHER NUMBER OF WORKING DAYS IN 2024 THAN IN PREVIOUS YEAR, POTENTIAL
CURRENCY
FLUCTUATIONS, HIGH INTEREST EXPENSES ARE EXPECTED TO IMPACT SITOWISE'S FINANCIAL PERFORMANCE
DURING LATTER HALF OF 2024
    * Q2 NET SALES DECREASED BY 9.9% TO EUR 50.9 (56.5) MILLION

Source text for Eikon:  ID:nWkr2DzWjV 
Further company coverage:  SITOWS.HE 

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