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Siili: Continued double-digit organic growth - SEB

Ahead of its Q3 business update, we expect Siili Solutions to enjoy continued double-digit organic growth, albeit a bit slower pace than in Q2. Profitability is seasonally softer, but should still improve y/y. We continue to see the shares as attractively valued given the structural growth in the underlying market and the relatively limited downside risk. We trim our fair value range to EUR 20-23 (previously EUR 22-24).

Ahead of its Q3 business update, we expect Siili Solutions to enjoy continued double-digit organic growth, albeit a bit slower pace than in Q2. Profitability is seasonally softer, but should still improve y/y. We continue to see the shares as attractively valued given the structural growth in the underlying market and the relatively limited downside risk. We trim our fair value range to EUR 20-23 (previously EUR 22-24).
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