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    SITOWS   FI4000480215


Delayed Nasdaq Helsinki  -  05/18 10:08:42 am EDT
5.740 EUR   -1.37%
12:01pSitowise Group Plc - Acquisition of own shares on 18 May 2022
06:00aTRANSCRIPT : Sitowise Group Oyj, Q1 2022 Earnings Call, May 18, 2022
01:31aSITOWISE'S INTERIM REPORT JANUARY-MARCH 2022 : On organic growth path
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Heikki Haasmaa appointed as the new CEO of Sitowise Group to lead company's Nordic growth strategy

01/04/2022 | 05:01am EDT

Sitowise Group Plc Stock Exchange Release 4 January 2022 at 12:00 pm (EET)

Heikki Haasmaa appointed as the new CEO of Sitowise Group to lead company's Nordic growth strategy


Sitowise's Board of Directors has appointed M.Sc. Heikki Haasmaa, 43, as the CEO of Sitowise Group. Haasmaa comes from a position as a Senior Vice President in KONE where he has been responsible of KONE's global Maintenance Business. Prior to his current role, he has worked in KONE for 19 years in multiple international management roles.


Pekka Eloholma, 61, has led Sitowise since 2019. Prior to his role as CEO, he was part of Sitowise's Board of Directors for two years, first as a member, then for almost a year as Chairman of the Board.


"My decision to recede from such an exciting job developed gradually over the last summer. After the successful IPO on spring 2021, Sitowise is now facing a new Nordic growth path, for which we have laid a strong foundation together during recent years. I am proud of Sitowise, and the opportunity I've got to lead this company forward on its exciting growth journey. I'm especially grateful to all Sitowise's employees for their great attitude and expertise, which is the basis for our success", Pekka Eloholma says.


Since 2017, Sitowise has doubled the number of employees, growing into an organization of 2,000 experts. During these last years, Sitowise has according to corporate strategy, strengthened its position as a provider of digital solutions, expanded its operations to Sweden, and got listed on the Helsinki Stock Exchange on March 2021.


"I would like to thank Pekka Eloholma on behalf of the entire board, for his great work during last years and especially his contribution in the successful listing process. Pekka has led Sitowise throughout significant growth and change years and has had the confidence of both the Board of Directors and the company's personnel for the work he has done. We searched for a new CEO in a good cooperation with Pekka", says Chairman of the Board Eero Heliövaara.


Eloholma will continue in his position until Heikki Haasmaa takes office, no later than May 4, 2022. Haasmaa has a long career in the listed company KONE in various management positions. He is currently the Senior Vice President of KONE's global Maintenance Business, which employs 30,000 people.


"It is important to us that Sitowise's new CEO shares our passion to develop the company to be the forerunner in the built environment, challenging the entire industry to address the demands and opportunities of both sustainability and digitalization. Heikki Haasmaa has a versatile experience from a global listed company. He brings knowhow of international business development and a broad understanding of the possibilities in digital solutions", Eero Heliövaara emphasizes.






Born 1978

M.Sc. (Technology)

Finnish citizen


Primary career

KONE Corporation, Senior Vice President, Maintenance Business (2017-)

KONE Elevators Ltd, Finland and Baltic Countries

   2013-2017 Managing Director

   2010-2013 Service Director

   2008-2010 Development Manager

KONE Corporation / Service Development, Project Manager (2005-2008)

KONE Corporation / Global R&D, Design Engineer (2003-2005)


For more information, please contact:


Minttu Vilander, Chief Communications and Sustainability Officer, puh. +358 40 575 6660

Eero Heliövaara, Chairman of the Board, puh. +358 50 128 5




Nasdaq Helsinki

Major media



Information about Sitowise


Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise's operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia. The group's net sales was approximately EUR 160 million in 2020 and the company employs over 2,000 experts. Sitowise is listed in Helsinki Stock Exchange (SITOWS) www.sitowise.com


(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
KONE OYJ -1.30% 43.9 Delayed Quote.-29.44%
SITOWISE GROUP OYJ -1.37% 5.74 Delayed Quote.-27.70%
12:01pSitowise Group Plc - Acquisition of own shares on 18 May 2022
06:00aTRANSCRIPT : Sitowise Group Oyj, Q1 2022 Earnings Call, May 18, 2022
01:31aSITOWISE'S INTERIM REPORT JANUARY-MA : On organic growth path
01:30aSitowise Group Oyj Reports Earnings Results for the First Quarter Ended March 31, 2022
01:30aSitowise Group Oyj Provides Earnings Guidance for the Year 2022
05/17Sitowise Group Plc - Acquisition of own shares on 17 May 2022
05/16Sitowise Group Plc - Acquisition of own shares on 16 May 2022
05/16Interim report 1-3/2022 to be released 18 May 2022
05/13Sitowise Group Plc - Acquisition of own shares on 13 May 2022
05/12Sitowise Group Plc - Acquisition of own shares on 12 May 2022
More news
Sales 2022 196 M 206 M 206 M
Net income 2022 14,7 M 15,4 M 15,4 M
Net Debt 2022 49,4 M 51,9 M 51,9 M
P/E ratio 2022 13,9x
Yield 2022 2,50%
Capitalization 203 M 213 M 213 M
EV / Sales 2022 1,29x
EV / Sales 2023 1,18x
Nbr of Employees 2 034
Free-Float 86,7%
Duration : Period :
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Technical analysis trends SITOWISE GROUP OYJ
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Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 5,74 €
Average target price 8,40 €
Spread / Average Target 46,3%
EPS Revisions
Managers and Directors
Heikki Hannu Antonio Haasmaa Chief Executive Officer
Heidi Kaarina Karlsson Chief Financial Officer
Eero Juhani Heli÷vaara Chairman
Turo Tinkanen Chief Information Officer
Tomi Henrik Terho Independent Director