Inside information, profit warning: Siili Solutions Plc lowers its financial guidance for 2024 revenue and adjusted EBITA
17 September 2024 - 7:30PM
UK Regulatory
Inside information, profit warning: Siili Solutions Plc lowers its
financial guidance for 2024 revenue and adjusted EBITA
Inside information, profit warning:
Siili Solutions Plc lowers its
financial guidance for 2024 revenue
and adjusted EBITA
Siili Solutions Plc Inside information
17 September 2024 at 12:30 EEST
Siili Solutions Plc lowers its
financial guidance for 2024 group revenue and adjusted EBITA. The
company expects now the group revenue for 2024 to be EUR 106-116
million and adjusted EBITA EUR 4.5-6.5 million. The previous
guidance for the current year’s group revenue was EUR 120–140
million and adjusted EBITA EUR 7.5-10.5 million.
The market turnaround has taken longer
than expected, even though positive signs in sales activity are
visible. In addition, the decision making and the commitments of
new projects within Siili clientele has continued to be slow. The
current Finnish public sector cost cutting actions have also
weakened the growth prospects in the current year.
New outlook for
2024:
Revenue for 2024 is expected to be EUR
106-116 million and EBITA EUR 4.5-6.5 million.
Previous outlook for
2024:
Revenue for 2024 is expected to be EUR
120–140 million and EBITA EUR 7.5-10.5 million.
The company publishes its Q3 business
review on 22 October 2024.
Further information:
CEO Tomi Pienimäki
Phone: +358 (0)40 834 1399, email:
tomi.pienimaki(at)siili.com
CFO Aleksi Kankainen
Phone: +358 (0)40 534 2709, email:
aleksi.kankainen(at)siili.com
Distribution:
Nasdaq Helsinki Ltd
Main media
www.siili.com/en
Siili Solutions in
brief:
Siili Solutions Plc is a forerunner in
AI-powered digital development. Siili is the go-to partner for
clients seeking growth, efficiency and competitive advantage
through digital transformation. Our main markets are Finland, the
Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s
shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has
grown profitably since its founding in 2005.
www.siili.com/en
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