Siili Solutions

The IT service sector's Q3 earnings season began with cautious optimism, as the market looked for signs of a gradual turnaround in the IT service market. Unfortunately, the sentiment remained mostly cautious.

Siilins Q3 var tudelat vad gäller siffrorna. Viktigt var dock att omsättningsminskningen dämpades, vilket gör att effektiviseringsåtgärderna får bättre effekt. Vi ser fortfarande en risk avseende guidningen, men i den stora bilden är resultatnivån nu på en stabilare grund.

Siili Solutions publicerar sin Q3-affärsöversikt imorgon, tisdag, uppskattningsvis senast klockan 9.00. Siilis förra år var svårt och innevarande år verkar också bli svagt.

In the rest of the Nordic countries, organic revenue development turned downward and profitability weakened in Q2. Thus, even applying the Rule of 20, the situation in the IT services market remains distinctly challenging, with only one company achieving good performance and two achieving satisfactory performance.

The IT service sector entered the Q2 earnings season in a cautious mood, albeit with expectations of a turnaround. In reality, however, the situation deteriorated even further, with revenue falling more than before and beyond our expectations and profitability remaining at a very low level.