Sitowise: Sweden is also cracking
On Thursday, Sitowise issued a profit warning concerning profitability. The softness of the Buildings market in Finland has continued and the Swedish market is also starting to crack. Due to the outlook, growth in the next few years seems challenging, as we estimate that internal and market challenges now also restrict profitability. We lowered our earnings estimates for the next few years by 10-20%. Sitowise will publish its Q3 report on November 2, 2023.
Sitowise Group
Sitowise Group operates in the construction and infrastructure industry. The company specializes in the development of major construction projects. Examples of projects that the company carries out, on its own and in collaboration with other companies in the industry, include road and building construction, as well as pipe and underground constructions. The largest operations are in the Nordic market, where customers are found among corporate customers and public actors.
Read more on company pageKey Estimate Figures19.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 204.4 | 213.6 | 209.2 |
growth-% | 13.99 % | 4.48 % | -2.05 % |
EBIT (adj.) | 17.5 | 14.3 | 17.9 |
EBIT-% (adj.) | 8.54 % | 6.71 % | 8.54 % |
EPS (adj.) | 0.34 | 0.23 | 0.31 |
Dividend | 0.10 | 0.12 | 0.14 |
Dividend % | 1.95 % | 4.30 % | 5.02 % |
P/E (adj.) | 15.02 | 11.92 | 8.92 |
EV/EBITDA | 11.28 | 7.07 | 6.02 |