Aktuellt
SENASTE
Q4 marked the first quarter for a long time when Siili’s EBITA margin declined slightly y/y. This was due to a less-than-optimal talent-demand match, which resulted in weaker utilisation and increased outsourcing. We see this as a temporary challenge and the demand outlook remains healthy, although macro uncertainty is elevated. Our fair value range for Siili is intact at EUR 20-23 with the mid-point corresponding to a 2023E EV/EBITDA of 10x.
LÄS MER
