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Siili just announced that the current CEO, Mr. Somerma, will step down and Pasi Ropponen has been appointed as acting CEO. Siili re-shaped its strategy roughly a year ago and the company is on track to improving profitability of Core with the latest acquisitions performing strongly. However, our take is that the company has higher growth ambitions in Siili Core, which has experienced somewhat slower growth than the closest peers during the pandemic.
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