Finland's Siili Solutions Q2 revenue falls, cuts guidance

Siili Solutions Oyj

11/08/2026 07:11

Overview
Finland AI-powered digital developer's Q2 revenue fell 12% yr/yr on weak client demand
Adjusted EBITA for Q2 turned negative, reflecting lower-than-expected revenue
Company cut 2026 revenue and adjusted EBITA guidance due to market uncertainty

Outlook
Siili now expects 2026 revenue of EUR 95-105 mln, down from prior guidance of EUR 102-126 mln
Company sees 2026 adjusted EBITA at EUR 0.5-3.3 mln, lowered from previous EUR 3.7-6.9 mln forecast
Siili says client uncertainty and delayed investment decisions continue to weigh on demand

Result Drivers
CLIENT BUDGET CUTS - Co said revenue declined due to customers' budget cuts, delayed investment decisions, reductions in individual client relationships, and general market uncertainty
EFFICIENCY MEASURES - Co launched efficiency measures, including temporary layoffs, to improve profitability, but said full effects will be seen in H2
AI PROJECT DEMAND - Co said demand for and scale of AI modernization and transformation projects increased in Q2

Company press release: ID:nGNE2TcVjy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
EUR 24.38 mln
EUR 25 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 €3.40, about 16% above its August 10 closing price of €2.93
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
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Aug 10 - Monday.com Q2 revenue rises as AI focus grows

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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.)