Siili Solutions: Stabilised, but not picking up yet - SEB
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Siili Solutions: Stabilised, but not picking up yet - SEB

Although Siili’s Q4 results were in line with our expectations, we cannot yet make the call of improving market momentum. The company has virtually zero net debt and we see downside risks as limited in a business that has solid cash flow conversion over the cycle. We remain confident that the market for AI-focused consultants will pick up at some point. Consequently, our fair equity value range remains unchanged at EUR 9-11 per share.

Although Siili’s Q4 results were in line with our expectations, we cannot yet make the call of improving market momentum. The company has virtually zero net debt and we see downside risks as limited in a business that has solid cash flow conversion over the cycle. We remain confident that the market for AI-focused consultants will pick up at some point. Consequently, our fair equity value range remains unchanged at EUR 9-11 per share.
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