Brief: Siili Solutions lowers 2024 financial guidance for revenue, adjusted EBITA

Siili Solutions Oyj

17/09/2024 10:48

Sept 17 (Reuters) - Siili Solutions Oyj  SIILI.HE :
    * INSIDE INFORMATION, PROFIT WARNING: SIILI SOLUTIONS PLC
LOWERS
ITS FINANCIAL GUIDANCE FOR 2024 REVENUE AND ADJUSTED EBITA
    * COMPANY EXPECTS NOW GROUP REVENUE FOR 2024 TO BE EUR
106-116
MILLION AND ADJUSTED EBITA EUR 4.5-6.5 MILLION
    * PREVIOUS GUIDANCE FOR CURRENT YEAR'S GROUP REVENUE WAS EUR
120-140 MILLION AND ADJUSTED EBITA EUR 7.5-10.5 MILLION.
    * MARKET TURNAROUND HAS TAKEN LONGER THAN EXPECTED, EVEN
THOUGH
POSITIVE SIGNS IN SALES ACTIVITY ARE VISIBLE
    * DECISION MAKING AND COMMITMENTS OF NEW PROJECTS WITHIN
SIILI
CLIENTELE HAS CONTINUED TO BE SLOW
    * CURRENT FINNISH PUBLIC SECTOR COST CUTTING ACTIONS HAVE
ALSO
WEAKENED GROWTH PROSPECTS IN CURRENT YEAR
    * FINNISH PUBLIC SECTOR COST CUTTING WEAKENS GROWTH
PROSPECTS

Source text for Eikon:  ID:nGNEt4tVX 
Further company coverage:  SIILI.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))