Siili Solutions Oyj

Siili Solutions Plc has extended its financial targets to cover the period from 2025 to 2028, keeping the same goals as before but acknowledging that achieving these targets may take longer due to ongoing challenges in the IT service market. The company's CEO, Tomi Pienimäki, noted the slow market recovery as a factor in this decision. Siili Solutions, a leader in AI-powered digital development, operates primarily in Finland, the Netherlands, the UK, and Germany, and is listed on the Nasdaq Helsinki Stock Exchange.

Siili Solutions Plc has announced its financial reporting schedule for 2025. The financial statement bulletin for 2024 and the half-yearly report for 2025 will be released around 9:00 am. Business reviews will follow on the same days by 10:00 am at the latest. The annual general meeting is scheduled for April 8, 2025, in Helsinki, Finland. Siili Solutions is a leader in AI-driven digital development, serving markets in Finland, the Netherlands, the UK, and Germany. The company's shares are traded on the Nasdaq Helsinki Stock Exchange, and it has experienced profitable growth since its establishment in 2005. For more information, contact Taru Kovanen, General Counsel.

Siili Solutions Plc has launched a new strategy focused on artificial intelligence and data amidst challenging market conditions. For 2024, the company revised its financial guidance, projecting revenue between EUR 106–116 million and adjusted EBITA of EUR 4.5–6.5 million, down from previous estimates. In the third quarter, Siili's revenue declined by 11% year-on-year to approximately EUR 24 million, with an adjusted EBITA of EUR 0.7 million. Despite slow decision-making by customers, Siili secured a significant contract with a German automotive company and formed partnerships with leading AI users. The company is enhancing its team's AI and data skills through training and recruitment. Siili recently appointed Maria Niiniharju as VP Private Business to support strategy execution. The firm achieved 10th place in a survey by Academic Work and plans to hold a Capital Markets Day on 26 November 2024 to discuss its strategy and financial position. Siili remains optimistic about market normalization despite delays and continues to focus on its strategic goals.

Siili Solutions Plc has announced the appointment of Maria Niiniharju as Vice President of Private Business and a member of the management team, effective November 1, 2024. Previously at Futurice, Niiniharju was responsible for new business development and client management for private sector clients. In her new role, she will oversee Siili’s Finance, Industry, and Services business units, enhancing the company's expertise in AI for private sector clients. Siili’s CEO, Tomi Pienimäki, expressed confidence in Niiniharju’s ability to accelerate the company’s strategy execution. Niiniharju is eager to contribute to Siili’s strategy with a focus on data and AI. Siili Solutions Plc is known for its AI-powered digital development, with its main markets in Finland, the Netherlands, the UK, and Germany. The company is listed on the Nasdaq Helsinki Stock Exchange.

The Shareholders’ Nomination Board of Siili Solutions Plc is composed of five members, with the four largest shareholders each nominating one member and the Chair of the Board of Directors serving as the fifth member in an expert capacity. The Board is responsible for preparing proposals for the Annual General Meeting or Extraordinary General Meeting regarding the number of directors, candidates, and their remuneration. On 20 September 2024, Heikki Westerlund was elected Chair of the Nomination Board. The Board will submit its proposals to the company's Board of Directors by 31 January 2025. Siili Solutions Plc is a company specializing in AI-powered digital development, with operations primarily in Finland, the Netherlands, the United Kingdom, and Germany. Its shares are listed on the Nasdaq Helsinki Stock Exchange.

Siili Solutions Plc announced on 18 September 2024 that Protector Forsikring ASA has acquired shares, increasing its holding in Siili to over 5% as of 17 September 2024. The announcement was made in accordance with the Finnish Securities Market Act. Protector Forsikring ASA is not controlled by any other entity and does not control any other undertakings with an interest in Siili. For further information, Aleksi Kankainen (CFO) and Taru Kovanen (General Counsel) can be contacted. Siili Solutions Plc specializes in AI-powered digital development and operates mainly in Finland, the Netherlands, the UK, and Germany. The company’s shares are listed on the Nasdaq Helsinki Stock Exchange.

Siili Solutions Plc has revised its financial guidance for 2024, lowering its expected group revenue to EUR 106-116 million and adjusted EBITA to EUR 4.5-6.5 million. The previous guidance was for a group revenue of EUR 120-140 million and adjusted EBITA of EUR 7.5-10.5 million. The adjustment is due to a slower-than-expected market turnaround, delayed decision-making and commitments from clients, and cost-cutting actions in the Finnish public sector. The company will publish its Q3 business review on 22 October 2024. Siili Solutions Plc specializes in AI-powered digital development and is listed on the Nasdaq Helsinki Stock Exchange.

Siili Solutions Plc announced that on 2 September 2024, it received a notification from Danske Bank A/S regarding its acquisition of Siili shares. As of 30 August 2024, Danske Bank A/S's Finnish Fund holdings in Siili's shares and voting rights reached 5% of the company's share capital. For further details, contact Aleksi Kankainen, CFO, or Taru Kovanen, General Counsel. Siili Solutions Plc, a leader in AI-powered digital development, operates in Finland, the Netherlands, the UK, and Germany, and is listed on the Nasdaq Helsinki Stock Exchange.

Siili Solutions Plc has released information regarding a transaction by Tomi Pienimäki, the Chief Executive Officer. The notification, which was issued on August 21, details the acceptance of a stock option linked to a financial instrument. The transaction occurred on August 19, 2024, involving a volume of 305 units at a unit price of 0.00 EUR. The aggregated transactions also reflect a volume of 305 units with a volume-weighted average price of 0.00 EUR.

Siili Solutions Plc announced a managers' transaction involving its Chief Executive Officer, Tomi Pienimäki. On August 19, 2024, Pienimäki acquired 305 shares of Siili Solutions Plc at a unit price of 7.8607 EUR per share. The transaction took place on the XHEL trading venue and was reported as an initial notification.