Siili: Tough times, but corrective actions made - SEB
Bildkälla: Stockfoto

Siili: Tough times, but corrective actions made - SEB

We forecast an improving H2 performance for Siili. Although the company’s headline Q2 performance does not support that, we see factors pointing to a slower sales decline and black profit numbers. The company remains in the middle of the AI transition, and we think the jury is still out about when Siili’s sales hit a bottom. Our fair value range declines to EUR 3.5-5.5 (4-6).

We forecast an improving H2 performance for Siili. Although the company’s headline Q2 performance does not support that, we see factors pointing to a slower sales decline and black profit numbers. The company remains in the middle of the AI transition, and we think the jury is still out about when Siili’s sales hit a bottom. Our fair value range declines to EUR 3.5-5.5 (4-6).
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