Siili’s Q3 sales came in line with our estimate, declining by 8% y/y, which marks a clear easing from the double-digit declines in H1. Adjusted EBITA of EUR 1.1m was above our estimate of EUR 0.4m, as the efficiency measures are taking effect. The company also noteed signs of a market recovery, with demand for and sizes of AI modernisation projects strengthening. Guidance was repeated. At first read, we see a positive share reaction.
LÄS MER
