Siili Solutions Q3 revenue edges past estimates; profitability improves

Siili Solutions Oyj

28/10/2026 07:38

Overview
Finland AI-powered digital developer's Q3 revenue fell 7.8% yr/yr to EUR 22.0 mln
Adjusted EBITA margin improved to 4.9% from 2.4% a year earlier
Revenue decline attributed to loss and reduction of key clients earlier in the year

Outlook
Siili Solutions expects 2026 revenue of EUR 95–105 mln
Company sees 2026 adjusted EBITA at EUR 0.5–3.3 mln
Company says focus remains on improving revenue and profitability in Q4 2026

Result Drivers
EFFICIENCY MEASURES - Co said ongoing efficiency measures contributed to improved profitability
SALES DEVELOPMENT - Strengthened offering and sales organisation led to positive sales development, per interim CEO
AI PROJECT DEMAND - Demand and size of AI modernisation projects continued to strengthen, with significant growth in share of AI projects

Company press release: ID:nGNE3dpHDf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
EUR 22.03 mln
EUR 22 mln (1 Analyst)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 30.3% above its October 27 closing price of €2.61
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Oct 27 - Finland's TietoEVRY Q3 revenue falls on soft demand
Oct 27 - Finland's Digia Q3 EBIT rises on operational efficiency despite flat revenue
Oct 28 - Finland's Tecnotree Q3 revenue rises, raises 2026 forecast

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)