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SITOWS: Net sales and margins declined, but SaaS and AI products drove growth in resilient segments

SITOWS: Net sales and margins declined, but SaaS and AI products drove growth in resilient segments

Sitowise Group OyjAugust 13, 20243
SITOWS: Net sales and margins declined, but SaaS and AI products drove growth in resilient segments

About this update from Sitowise Group Oyj

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.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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