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Siili Solutions: Case intact despite minor miss in Q4 sales - SEB

Siili’s H2 results showed that the company continued to be negatively impacted by a halt in the Automotive sector. We remain confident that the client vertical will revive and expect the company to reach pre-Covid levels by 2022. Our fair value range remains intact at EUR 16-18. We emphasise our belief that, given the strong market growth fundaments, Siili will deliver healthy growth on a very asset light business model.

Siili’s H2 results showed that the company continued to be negatively impacted by a halt in the Automotive sector. We remain confident that the client vertical will revive and expect the company to reach pre-Covid levels by 2022. Our fair value range remains intact at EUR 16-18. We emphasise our belief that, given the strong market growth fundaments, Siili will deliver healthy growth on a very asset light business model.
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