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SENASTE
As we had expected Siili saw a continued market slowdown in Q3. The tough market with price pressure requires further savings measures, which were already visible in Q3. The market for digital IT services will improve at some point. However, calling the market turnaround is difficult in the current blurry visibility. We pencil in 2024E growth of 7%, which is likely to be tilted to H2. Our fair value range remains unchanged at EUR 15-17.
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