Bildkälla: Stockfoto

Siili: Market moves from boom to overcapacity - SEB

Following Siili’s profit warning we have significantly cut our 2023-24 EBITA estimates. The tight pricing environment coupled with salary inflation is pressing profitability. Yet, we think the digital consultancy market will remain in structural growth and is set to recover again, like it did during the pandemic. By 2025 salary inflation should have eased, allowing margins to bounce back. Fair value range lowered to EUR 17-20 (20-23).

Following Siili’s profit warning we have significantly cut our 2023-24 EBITA estimates. The tight pricing environment coupled with salary inflation is pressing profitability. Yet, we think the digital consultancy market will remain in structural growth and is set to recover again, like it did during the pandemic. By 2025 salary inflation should have eased, allowing margins to bounce back. Fair value range lowered to EUR 17-20 (20-23).
Börsvärldens nyhetsbrev
ANNONSER