Growth slowed down on COVID and Siili Auto
After very resilient H1 performance, Siili’s Core operations were hit by the effects of COVID-19. With customers downsizing projects and holding back on launching new projects, the growth in Siili Core flattened and the negative impact hit later than we had assumed. However, we remind that Q3 is a seasonally quiet quarter from which we cannot draw far-reaching conclusions. We also remain confident that demand on the Automotive side will cheer up after few months of normalised car sales and that growth will normalise in 2021.
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