Sitowise’s Interim Report January-September 2022: Net sales up by 16 percent, healthy organic growth
Sitowise Group Plc, Interim Report, 1 January – 30 September, 2022, 2 November 2022 at 8.30 a.m. (EET) Q3: NET SALES UP BY 16 PERCENT, HEALTHY ORGANIC GROWTH July–September (Q3) in brief · Net sales increased by 16% to EUR 45.9 (39.6) million. · Organic net sales growth was 6% (0%). · Adjusted EBITA was EUR 4.9 (4.9) million, or 10.7% (12.4%) of net sales. · The order book increased by 14% to EUR 175 (153) million. · Leverage (net debt / adjusted EBITDA) was 2.9x (2.0x), due to seasonality and acquisitions made after the comparison period. January–September (Q1–Q3)