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Research

Epävarmuutta on, mutta tehostamistoimet purevat

By Joni GrönqvistAnalyst
Siili Solutions
Download report (PDF)This report is only available for Inderes Premium customers.

Siilin liikevaihto laski hieman odotuksia enemmän, mutta tehostamistoimet purivat odotuksia paremmin Q4:llä. Yhtiö on luottavainen kuluvaan vuoteen, vaikka trendi oli vielä pehmeä Q4:llä. Ennusteemme kuluvalle vuodelle ovat ohjeistuksen alalaidalla/keskitasolla ja markkinan painamana alle historiallisen tason. Ennusteillamme arvostuskuva on näkemyksemme mukaan houkutteleva (2024 EV/EBITA 8x). Talouden ja markkinan elpyessä on yhtiön operatiivisessa tekemisessä ja siten osakkeessa nousuvaraa.

Siili Solutions operates in the IT sector. The company develops and integrates software for information systems, and offers services related to the development of technology platforms, information management, IT architecture, and various project management. The expertise is found in data management, analysis, and artificial intelligence. The company was founded in 2005 and is headquartered in Helsinki.

Read more on company page

Key Estimate Figures27.02.2024

202324e25e
Revenue122.7121.7128.0
growth-%3.7 %-0.8 %5.2 %
EBIT (adj.)8.79.010.0
EBIT-% (adj.)7.1 %7.4 %7.8 %
EPS (adj.)0.660.790.92
Dividend0.260.300.35
Dividend %2.7 %13.0 %15.2 %
P/E (adj.)14.72.92.5
EV/EBITDA6.71.41.0

Forum discussions

Interim CEO Markku Savusalo was at the IT Service Evening to talk about his company as an investment opportunity
5/27/2026, 4:12 PM
by Sijoittaja-alokas
0
In practice, AI increases employee productivity, which means more sales are needed to keep the same headcount busy. Otherwise, the cycle of ...
5/27/2026, 3:52 PM
by StockTycoon
0
It is almost without exception the same sort of beating around the bush across the industry; the sense of direction is currently somewhat lost...
5/27/2026, 6:40 AM
by Kristian
0
I just watched the interim CEO’s presentation at the IT Services evening. The content was quite light (strengthening sales, sharpening focus...
5/26/2026, 1:45 PM
by TitoK
1
What I mainly remember about the CEO is a limp handshake. I don’t know if he was just having a bad day, but the value add for Siili was clearly...
5/8/2026, 8:05 PM
by Kristian
3
Here are Joni’s comments regarding the change of CEO at Siili. Siili Solutions announced on Monday that the company’s CEO, Tomi Pienimäki, is...
5/5/2026, 5:26 AM
by Sijoittaja-alokas
0
Siili really faces the risk (similar to Vincit, for example) that they won’t be able to adapt to the AI disruption, because the core of these...
5/4/2026, 10:06 AM
by TitoK
4