Finland's Siili Solutions Q1 revenue falls 14.1% on weak market

Siili Solutions Oyj

28/04/2026 07:39

Overview

Finland AI-powered digital developer's Q1 revenue fell 14.1% yr/yr amid weak market conditions

Adjusted EBITA for Q1 dropped to EUR -0.2 mln, reflecting weaker profitability

Company initiated cost adjustments and temporary layoffs to improve profitability

Outlook

Company expects 2026 revenue of EUR 102-126 mln

Siili Solutions forecasts 2026 adjusted EBITA of EUR 3.7-6.9 mln

Result Drivers

SLOW AI ADOPTION - Co said slower-than-expected AI transformation and lagging Finnish AI investments were main reasons for revenue and profitability declines

COST ADJUSTMENTS - Co initiated measures including temporary layoffs to address profitability challenges

SALES AND OFFERING FOCUS - Co strengthened sales organization and launched Managed AI service to meet demand and support growth

Company press release: ID:nGNE8dVbwb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 25.70 mln
EUR 28 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Siili Solutions Oyj is €4.80, about 34.8% above its April 27 closing price of €3.56

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)