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Siili Solutions Q1: Well in line, supercharge having stronger contribution than expected - SEB

Siili’s Q1 numbers came in well in line with our estimates with EBITA marginally above. The organic growth was flat, which was slightly less than we had estimated. Yet, we note that Q1 had strong comparable numbers and COVID-19 situation still weighs. On the other hand the acquired Supercharge is contributing with stronger than expected to the numbers, making the deal look even better.

Siili’s Q1 numbers came in well in line with our estimates with EBITA marginally above. The organic growth was flat, which was slightly less than we had estimated. Yet, we note that Q1 had strong comparable numbers and COVID-19 situation still weighs. On the other hand the acquired Supercharge is contributing with stronger than expected to the numbers, making the deal look even better.
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