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Siili Solutions: International operations drive earnings growth

Siili Solutions
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Siili has grown nicely over the last two years while continuously improving its profitability. The company has also implemented two acquisitions in line with its strategy, accelerating internationalization and strengthening its public sector business. Siili is now clearly on a more solid footing and ready to pursue the growth and profitability targets of coming years, which were raised in spring. However, in the short term, economic uncertainty increases uncertainty and we expect slightly more moderate growth and profitability than the targets suggest. The expected return (~15%) and highly attractive valuation (22-23e EV/EBIT 9x and 7x) support a strong positive view of the share while providing a safety margin against risks.

Siili Solutions operates in the IT sector. The company develops and integrates software for information systems, and offers services related to the development of technology platforms, information management, IT architecture, and various project management. The expertise is found in data management, analysis, and artificial intelligence. The company was founded in 2005 and is headquartered in Helsinki.

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Key Estimate Figures2022-11-16

202122e23e
Revenue99.3118.1133.2
growth-%19.2 %18.9 %12.8 %
EBIT (adj.)9.312.313.7
EBIT-% (adj.)9.3 %10.5 %10.3 %
EPS (adj.)0.981.051.25
Dividend0.180.250.30
Dividend %1.2 %5.6 %6.7 %
P/E (adj.)15.04.33.6
EV/EBITDA9.62.11.4

Forum discussions

Siili has declared itself an AI company. It’s still a long way from significant and profitable AI revenue. Time will tell. Hopefully, it brings...
12/15/2025, 2:01 PM
by Jussi_P
2
Siili Group’s strategic direction and the culture of its subsidiary Vala Group are now tangibly reflected in two significant recruitments: Virpi...
12/14/2025, 9:52 PM
by Seinäkadun Keisari
8
Behind a paywall, so the more detailed content is unknown. Tivi – 12 Dec 25 Siili Group nappasi Goforelta kovan luokan osaajat – Tekoälystrategia...
12/14/2025, 9:41 PM
by Elwood
2
Hardworking night owl Joni has completed Siili’s company report late at night with the attitude: ora et labora He prepared the report regarding...
12/10/2025, 5:45 AM
by Sijoittaja-alokas
4
Hey, yeah, I also contacted the company about this, and it’s clearly explained in the English announcement
12/3/2025, 6:55 PM
by Frans-Mikael Rostedt
9
On the one hand, I see that the company would have exceeded the market’s expectations baked into the share price by hitting the lower end of...
12/3/2025, 10:09 AM
by exai_
2
That’s what you get for leaving communications in the capable hands of Siili AI In itself, the Finnish and English versions are not contradictory...
12/3/2025, 8:37 AM
by Critter
1
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