Siili Solutions Oyj Full Year 2023 Earnings: Misses Expectations

Siili Solutions Oyj (HEL:SIILI) Full Year 2023 Results

Key Financial Results

Revenue: €122.7m (up 3.7% from FY 2022).
Net income: €4.99m (up 33% from FY 2022).
Profit margin: 4.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €0.61 (up from €0.49 in FY 2022).

revenue-and-expenses-breakdown — HLSE:SIILI Revenue and Expenses Breakdown March 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Siili Solutions Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.2%.

The primary driver behind last 12 months revenue was the Finland segment contributing a total revenue of €89.9m (73% of total revenue). Notably, cost of sales worth €98.4m amounted to 80% of total revenue thereby underscoring the impact on earnings.Explore how SIILI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the IT industry in Finland.

Performance of the Finnish IT industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Siili Solutions Oyj you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether Siili Solutions Oyj is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

View Profile