TietoEVRY Oyj

On 9 September 2024, Tietoevry Corporation announced the composition of its Shareholders’ Nomination Board, determined based on holdings as of 2 September 2024. The Board includes four members nominated by the largest shareholders and the Chairperson of Tietoevry’s Board of Directors. The nominated members are Annareetta Lumme-Timonen from Solidium, Alexander Kopp from Incentive, Mikko Lantto from Ilmarinen, and Alexander Svensson from Cevian Capital, along with Tomas Franzén, the Chairperson of Tietoevry’s Board. The representative of the largest shareholder will act as chairperson unless decided otherwise. Established in 2010, the Nomination Board prepares proposals for the election and remuneration of the Board of Directors and its employee representatives for the Annual General Meeting. Tietoevry is a leading technology company with a strong Nordic heritage, specializing in cloud, data, and software, serving customers globally. The company’s shares are listed on NASDAQ Helsinki, NASDAQ Stockholm, and Oslo Børs. For more information, contact General Counsel Jussi Tokola.

Tietoevry Corporation announced that Klaus Andersen, CEO of Tietoevry Banking since February 2023, is leaving the company to pursue other opportunities. Effective 3 September 2024, Endre Rangnes has been appointed as the new Managing Director of Tietoevry Banking. Rangnes, who has over two decades of experience in the technology and fintech sectors, has been a long-term member of Tietoevry's Board of Directors and will resign from the Board to take on this new role. He will also join the Group Executive Management team and report to CEO Kimmo Alkio. Rangnes expressed enthusiasm about developing Tietoevry Banking further and collaborating closely with customers. CEO Kimmo Alkio thanked Klaus Andersen for his contributions and welcomed Rangnes, highlighting his strong experience in fintech and strategic business leadership. Tietoevry Banking specializes in Software-as-a-Service solutions for banks and financial institutions and aims to become a leading international fintech software player. The Board of Directors will continue with eight members elected by the Annual General Meeting and two representing personnel. For more information, contact Tommi Järvenpää, Head of Investor Relations, or Tietoevry Communications. Tietoevry is a technology company with a strong Nordic heritage, serving thousands of customers globally with an annual turnover of approximately EUR 3 billion. The company's shares are listed on NASDAQ Helsinki, NASDAQ Stockholm, and Oslo Børs.

On 13 March 2024, Tietoevry Corporation's Annual General Meeting decided to forfeit shares in the company's joint account that had not been validly transferred into the book-entry system by the deadline. No transfer requests were received by the deadline, affecting 10,560 shares (about 0.01% of total shares). These shares have been transferred to Tietoevry's ownership as treasury shares, bringing the company's total to 45,239 own shares (approximately 0.04% of total shares). The total number of Tietoevry shares remains unchanged. For more information, contact Tommi Järvenpää, Head of Investor Relations, or Tietoevry Communications. Tietoevry is a technology company with a global presence, specializing in cloud, data, and software, with an annual turnover of approximately EUR 3 billion.

Tietoevry Corporation released its half-year report for 2024 on 23 July. Key financial highlights include a revenue increase to EUR 715.0 million in Q2 2024 from EUR 695.2 million in Q2 2023, with an overall revenue of EUR 1,448.9 million for the first half of 2024. The company reported an operating profit (EBIT) of EUR 47.8 million for Q2 2024, up from EUR 41.2 million in Q2 2023, and an operating margin of 6.7%. The adjusted operating profit (EBITA) was EUR 78.3 million, with an adjusted operating margin of 11.0%. Earnings per share (EPS) stood at EUR 0.24, and cash flow from operating activities was EUR 68.1 million. CEO Kimmo Alkio commented on the steady performance and highlighted growth in the software businesses, particularly Tietoevry Banking and Tietoevry Industry, despite a decline in consulting and managed services due to weaker market demand. The company is undergoing a strategic transformation and has launched a new operating model for Tietoevry Create. Tietoevry remains committed to its sustainability agenda and has received recognition for its efforts in climate action and social impact. Segment-wise, Tietoevry Create, Banking, Care, and Industry showed growth, while Tech Services experienced a decline. The company maintains its full-year outlook for 2024, expecting organic growth of 0-3% and an adjusted operating margin of 12.0-13.0%. For further details, the full interim report is available, and a teleconference will be held on 23 July 2024 to discuss the results.

Tietoevry Corporation announced that the strategic review of Tietoevry Tech Services is advancing with an active sales process. The timeline for conclusions, initially set for the second quarter of 2024, has been extended, with further updates expected by the third-quarter interim report on 24 October 2024. For more information, contact Chief Financial Officer Tomi Hyryläinen or the Tietoevry Newsdesk. Tietoevry is a leading technology company with a Nordic heritage, specializing in cloud, data, and software, serving customers in over 90 countries, with an annual turnover of approximately EUR 3 billion. The company’s shares are listed on NASDAQ Helsinki, NASDAQ Stockholm, and Oslo Børs.