Vilppo has prepared a new company report on Sitowise after Q3.
Sitowise’s Q3 result was subdued overall. Finland performed well, but losses in Sweden deepened. At the bottom of the construction cycle, all cash flow is consumed by financing costs, but as demand recovers, results could improve quickly. However, we still need clearer signs of an earnings turnaround before taking a bolder view.
I took advantage of this Black Friday introductory offer.
For me, these consulting firms are fundamentally a definite no for my portfolio, but a market capitalization of just under 80 million euros in relation to revenue (of course, on the flip side, also considerable net debt) piqued my interest for a closer look. Usually, the first thing I check with a new prospect is who my business partners are. Therefore, I checked the list of the largest shareholders and its biggest changes. In November, Proprius Partners seems to have disappeared from the list of the 100 largest shareholders. Instead, Erkki Etola has added 378,000 pcs.