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 when Sanna Sormaala, who was appointed in August, started in her role. The management changes do not cause any adjustments to our view. We updated our forecasts to include the EUR 40 million goodwill impairment in Sweden announced in December, which also had no impact on our view. We reiterate our Reduce rating and target price of EUR 2.2.