Finland · Delayed Price · Currency is EUR Sitowise Group Oyj Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw a return to growth with improved adjusted EBITA margin, strong Infra performance, and higher order intake, despite a significant goodwill impairment in Sweden. The outlook for 2026 remains mixed, with growth expected in energy, industry, and digital segments.
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Infra and digital solutions outperformed targets, with strong order intake and product business growth, while group net sales declined 3% year-over-year. Swedish operations weighed on profitability, but improvements in utilization and order book signal potential for turnaround.
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Net sales declined 2% year-over-year, but profitability and cash flow improved, driven by strong Infra and Digital Solutions performance. Market outlook is mixed, with gradual recovery expected in Buildings and Sweden, and continued focus on cost control and strategic growth.
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Net sales declined 7.6% year-over-year, with profitability pressured by weak Swedish operations, but Finnish and digital segments showed improvement. Order book grew to EUR 157 million, and new financing was secured, while cost-saving actions led to one-off charges. Focus remains on profitability and business diversification.
Fiscal Year 2024
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Net sales and profitability declined in 2024 due to weak construction markets, especially in buildings and Sweden, but strong cash flow and growth in infra and digital segments provided resilience. No dividend is proposed, and no financial guidance is issued for 2025 amid high uncertainty.
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Net sales declined 8.4% year-over-year, with profitability pressured by weak Sweden and Buildings segments, but Infra and Digital outperformed their markets. Strategic restructuring and AI initiatives are underway, with Q4 expected to remain challenging and market recovery in Buildings anticipated in H2 2025.
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Net sales declined 10% year-on-year, with adjusted EBITA margin at 5% due to weak performance in Sweden and Buildings. Infra and Digital Solutions showed resilience, while new SaaS and AI products contributed to growth. Full-year outlook remains cautious, with recovery expected mainly in 2025.