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SENASTE
Siili’s Q3 business review confirmed that the company is accelerating its organic growth after couple of quarters that were impacted by Covid-19. In Q3 the company was successful in its recruiting despite the challenging market, which increases our confidence that the accelerated growth will continue. We continue to highlight that the company’s cash flow yield for 2022E is at 12% and repeat a fair value range of EUR 19-21 for the share.
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