Correction to stock exchange release

Siili Solutions Plc: Business review, 1 January – 31 March 2024

Correction to stock exchange release: Siili Solutions Plc: Business review, 1 January – 31 March 2024

Siili Solutions Plc Stock exchange release 24 April 2024 at 16:55

This is a correction to the stock exchange release published by Siili Solutions Plc on 24 April 2024 at 9:45 am by which the company published its business review for the period 1 January – 31 March 2024. In section “Key events for January-March” it was stated that “75% of Siili employees have completed a GenAI certificate”. The correct information is that “51% of Siili employees in Finland have completed a GenAI certificate”.

In addition, in the CEO review it was stated that “By the end of March, 75% of Siili’s employees in Finland had achieved the first-level certification.” The completion percentage was incorrect and the correct information is that “By the end of March, 51% of Siili’s employees in Finland had achieved the first-level certification.”

The corrected release is stated below as a whole and the revised report is attached to this release.

Siili’s result decreased as expected, good development within AI

Key figures

EUR million	Q1/2024	Q1/2023
Revenue	29.8	33.6
Revenue growth, EUR million	-3.8	4.3
Revenue growth, %	-11.3%	14.5%
Organic revenue growth, EUR million	-3.8	2.7
Organic revenue growth, %	-11.3%	8.6%
Adjusted EBITA1	1.6	3.3
Adjusted EBITA, % of revenue	5.3%	10.0%
EBITA	1.4	3.3
EBITA, % of revenue	4.6%	10.0%
Average number of employees during the period	990	1,050
Number of employees at the end of the period	973	1,054
Number of full-time employees (FTE) at the end of the period	950	1,024
Number of full-time subcontractors (FTE) at the end of the period2	137	187