Olli has published a new company report on Sitowise. ![]()
Sitowise announced on Monday that the company’s CEO Heikki Haasmaa will leave his position during Q1, and the search for his successor has been initiated. The company’s CFO also changed last week, as Sanna Sormaala, who was appointed in August, started in her role. The management turnover does not affect our view. We updated our forecasts to include the 40 MEUR goodwill write-down in Sweden announced in December, which also had no impact on our view. We reiterate our Reduce recommendation and target price of EUR 2.2.