We think Siili’s Q4 report may provide indications of the sales decline ending. We forecast organic growth of 4-5% for 2025, which would require a broadly flat y/y performance in Q1-Q2. Siili will kick off 2025 from record low profitability, but we see material improvement potential in utilisation as demand picks up. Ahead of the Q4 report, our organic estimates are unchanged. We also repeat our fair value range of EUR 9-11.
LÄS MER