Siili Solutions Oy · OMXHEX:SIILI
Siili Solutions Oy — H1 2018 Earnings Presentation
8 slides from Siili Solutions Oy's earnings presentation, Aug 16, 2018
Slide 1: Siili Solutions Result Comment – 16 August 2018
16.8.2018, 1 Siili Solutions Result Comment – 16 August 2018 SHARE VALA Group acquisition boosts outlook Figures in €m 2014 2015 2016 2017 2018e 2019e 2020e Company Siili Solutions Sales 29,5 41,9 48,4 57,8 71,8 88,1 99,9 Siili Solutions (“Siili”) first half growth was close to our estimate but prof
Slide 2: Deviation table, estimate changes and guidance
16.8.2018, 2 Siili Solutions Result Comment – 16 August 2018 Deviation table Deviation 1H18 1H18e Actual vs. 2018e 2018 Actual FIM FIMe FIM Guidance Sales was €34,2 million Sales 34,2 34,6 -1 % 71,8 66-72 somewhat below our estimates. EBITDA 2,3 2,9 -20 % 7,2 6,6-7,6 EBITDA was €2,3 million and EBIT
Slide 3: VALA Group in brief
16.8.2018, 3 Siili Solutions Result Comment – 16 August 2018 VALA Group in brief Historical and estimated financials of VALA Group VALA Group Ltd is an engineering company specialized in software quality assurance and software automation. Keys services are test automation, software testing, quality
Slide 4: New organizational structure
16.8.2018, 4 Siili Solutions Result Comment – 16 August 2018 New organizational structure Siili business segments (as of 1.7.2018) Siili announced a strategy update and a new organizational structure in June 2018. The old centrally led matrix organization is replaced with several independent busines
Slide 5: Peer group valuation
16.8.2018, 5 Siili Solutions Result Comment – 16 August 2018 Peer group valuation Peer group grow th and profitability estim ates Siili has relatively few close listed peers in Finnish stock exchange. We find the Sales Grow th EBITDA % EBIT % Net Incom e % closest peers to be Vincit and Gofore which
Slide 6: Financials and Estimates
16.8.2018, 6 Siili Solutions Result Comment – 16 August 2018 Financials and Estimates Estimates GROUP (EURm ) 2016 1H17 2H17 2017 1H18 2H18e 2018e 2019e We expect Siili to maintain high organic growth rate and Net sales 48,4 29,0 28,8 57,8 34,2 37,6 71,8 88,1 steady profitability. We expect organic
Slide 7: Disclaimer
16.8.2018, 7 Siili Solutions DISCLAIMER This report This report has been made by S-Bank Ltd (S-Bank). The information in this report is based on publicly available data and information from various sources deemed reliable, but has not been independently verified by S-Bank and/or its affiliate(s), (h
Slide 8: Contact information
16.8.2018, 8 Siili Solutions Contact information Sales Hans Segercrantz +358 9 439 01 422 Richard Johansson +358 9 613 46 202 Kari Lappalainen +358 9 439 01 425 Jussi Matinlompolo +358 9 613 46 428 Thomas Pirker +358 9 613 46 222 FIM Direct, Order Routing Janne Siik +358 9 613 46 206 Anna Pulkkinen