Sitowise - The Smart City Company

Based on the procurement decision, the price tag for the design is €3.2 million.

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Here is Vilppo’s preview as Sitowise reports its Q4 results on Wednesday. :slight_smile:

We expect the company’s revenue to have decreased slightly from the comparison period, driven by Sweden and the Buildings business, but adjusted EBIT to have improved clearly from a weak comparison period as Finnish operations improve. However, the reported result is weighed down by the significant write-down announced in December. Interest in the report is focused on potential guidance for 2026, as well as comments on the timeline for market recovery and the development of the order book. This is also the first appearance for the renewed management at an earnings release.

2.8 million euro block trade in Sitowise shares

There’s definitely a sense of some kind of ownership restructuring going on here. Since we are on the verge of a construction upturn, Sitowise could be bought out from the stock exchange quite cheaply.

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Olli Vilppo interviewed Sitowise’s new CEO Anna Wäck after the Q4 results. :slight_smile:

Topics:

00:00 Start
00:13 New CEO
01:05 Changes in the management team
02:39 Q4 figures
03:59 Segments
05:35 Buildings business loss-making
07:30 Turnaround in Sweden sooner?
07:57 Strong cash flow
08:44 Write-down in Sweden
10:46 Capital allocation
11:23 No guidance provided

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Here is the latest company report on Sitowise by Olli following Q4 :slight_smile:

Sitowise’s Q4 proceeded in line with our expectations regarding the bottom line, and the long-awaited turnaround took its first steps. Year-end cash flow was clearly better than we expected, which was positive from the perspective of a tight balance sheet. Nevertheless, investors cannot breathe a sigh of relief just yet, as financing risks remain high. Now that the earnings decline has stabilized, however, we are ready to look at the company’s potential. We raise our recommendation to Accumulate (prev. Reduce) and our target price to EUR 2.6 (prev. EUR 2.20).

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Here are Olli’s comments on Sitowise’s new financing agreement. :slight_smile:

Sitowise announced on Wednesday morning that it has signed a new 89 MEUR secured financing agreement, which replaces the company’s current financing arrangement maturing in June 2027. The new agreement effectively extends the debt maturity by one year to June 2028. The agreement strengthens our confidence that the company has the support of banks through the challenging cycle, but the balance sheet still plays a significant role in the stock’s risk profile. The announcement does not result in changes to our forecasts.

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Here are Olli’s comments on how Sitowise updated its financial targets. :slight_smile:

Sitowise announced on Tuesday its new medium-term strategic priorities and financial targets, as well as its new mission and vision. The updates are expected, as the recently appointed new management aims to steer the company back onto a path of profitable growth. In our assessment, the updated strategy guides the company in the right direction and the updated targets are more realistic than before. The announcement does not cause changes to our forecasts or view.

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Hi everyone! Attached is our pre-silent period newsletter for Q1 2026 Q1/2026 Pre-silent period newsletter yt. Mari / Sitowise

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Iikka and Olli chatted about Sitowise :slight_smile:

Topics:

00:00 Introduction
00:12 Sitowise’s development
01:19 Losses in Sweden
03:22 Finland
04:17 Interest rates have started to rise
06:15 Recommendation is Accumulate

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Here are Olli’s preview comments as Sitowise reports its results on Wednesday, May 6, 2026 :slight_smile:

We expect the company’s revenue to have remained at the level of the comparison period and adjusted EBITA to be stable. In the report, attention will focus particularly on the development of the order backlog, the progress of the updated strategy, and comments regarding the timeline for market recovery.

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First impressions here: Sitowise Group Q1'26 -pikakommentti: Orastavia merkkejä paremmasta - Inderes

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Here is Olli’s company report on Sitowise after Q1 :slight_smile:

Sitowise’s Q1 proceeded largely in line with our expectations, although write-downs made to projects in the Buildings business slightly weakened the figures. We made no major changes to our forecasts. We reiterate our Accumulate recommendation and target price of EUR 2.6.

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