Sitowise has set the following long-term financial targets:

  • Growth: Annual net sales growth of over 10 percent, including acquisitions.
  • Profitability: Adjusted EBITA margin of at least 12 percent.
  • Leverage: Net debt in relation to adjusted EBITDA should not exceed 2.5x, except temporarily in conjunction with acquisitions. [1]

[1] Net debt (excluding lease liabilities).

Prospects

The visibility of future market development remains low, due to lack of reliable forecasts regarding the duration of the coronavirus pandemic. However, Sitowise has successfully adapted to the changed circumstances and operating environment.

Despite the current uncertainty, the Company sees stable long-term demand for designing sustainable societies. The demand is driven by megatrends such as urbanization, renovation backlog, sustainability and digitalization.