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Siili Solutions: Expectations down after peer reports - SEB

We make another round of estimate cuts on Siili ahead of the Q2 report with the key driver being continued sluggish sales performance of already reported peers. Yet, our slightly fine-tuned fair value range of EUR 13-14 still suggests significant upside for the company in a structurally growing market, which will likely get its next boost from evolving AI business. However, we flag that after reduced estimates we see FY24 sales coming in below the guidance range.

We make another round of estimate cuts on Siili ahead of the Q2 report with the key driver being continued sluggish sales performance of already reported peers. Yet, our slightly fine-tuned fair value range of EUR 13-14 still suggests significant upside for the company in a structurally growing market, which will likely get its next boost from evolving AI business. However, we flag that after reduced estimates we see FY24 sales coming in below the guidance range.
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