TietoEVRY Oyj

Ticker/ISIN
TIETOS
FI0009000277
Marknad/Land
Main Market, Stockholm
Sweden
Senaste aktiekurs
238.80 SEK
2024-03-06

Hittills i år

-0.00 %

3 månader

-0.01 %

6 månader

-0.03 %

1 år

-0.28 %

3 år

-0.13 %

5 år

-0.19 %

Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform create tangible business benefits for our local and global customers. As a trusted transformation partner, we are close to our customers and understand their unique needs. With about 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT.

Senaste sammanfattade pressmeddelande

Tietoevry Corporation announced a change in its shareholding as Silchester International Investors LLP increased its holding to 17,845,007 shares, representing 15.04% of the total shares. Silchester acts as an investment manager for various funds and has full discretion over investments and voting rights. One of these funds, the Silchester International Investors International Value Equity Trust, holds 6.8% of the shares. The threshold was crossed on November 21, 2024. Tietoevry Corporation, a technology company with a strong Nordic presence, serves customers globally in cloud, data, and software, with an annual turnover of approximately EUR 3 billion. Its shares are listed on NASDAQ Helsinki, NASDAQ Stockholm, and Oslo Børs.
Tietoevry Corporation released its interim report for the third quarter of 2024, noting a slight decline in revenue to EUR 655 million from EUR 659.7 million in the same period of 2023. Organic growth was negative, with a decrease of 1% compared to a 2% increase the previous year. The operating profit was EUR 63.5 million, up from EUR 61.6 million, with an operating margin of 9.7%. The adjusted operating profit was EUR 88.4 million, and the adjusted operating margin improved to 13.5%. Earnings per share fell to EUR 0.32 from EUR 0.37. Cash flow from operating activities increased significantly to EUR 58.2 million from a negative EUR 2 million. The company updated its full-year outlook for 2024, expecting organic growth to be around -2% and an adjusted operating margin between 12.3% and 12.7%. This is a revision from the previous expectation of 0-3% organic growth. CEO Kimmo Alkio commented on the softer IT market sentiment and the company's focus on profitability and cost management. Tietoevry's software businesses showed growth, while its digital engineering and tech services faced challenges. The company is pursuing strategic transformation and innovation, particularly in AI, while maintaining a commitment to responsible technology development. Financial performance by segment showed mixed results, with Tietoevry Banking, Care, and Industry experiencing growth, while Tietoevry Create and Tech Services saw declines. The company continues to focus on efficiency and growth opportunities despite a challenging market environment.
Tietoevry Corporation announced its schedule for financial releases and meetings. The interim report for the fourth quarter and full year of 2024 will be published on February 14, 2025, with the Annual Report, including Financial Statements and other reports, released on March 4, 2025. The Annual General Meeting is set for March 25, 2025. In 2025, Tietoevry plans to release three interim reports on April 29, July 22, and October 23. Tietoevry is a leading technology company with a Nordic heritage, employing 24,000 experts globally and serving customers in about 90 countries. The company is listed on NASDAQ exchanges in Helsinki and Stockholm, and on Oslo Børs, with an annual turnover of approximately EUR 3 billion. For more information, contact Tommi Järvenpää, Head of Investor Relations.
Tietoevry Corporation reported a decline in organic growth of -1% in the third quarter due to a soft IT market, with expectations of continued weak market conditions for the rest of 2024. This primarily affects Tietoevry Create and Tietoevry Tech Services, with some impact on Tietoevry Care and Tietoevry Industry. Consequently, the company has revised its 2024 revenue growth outlook to approximately -2%, down from the previous range of 0-3%. The financial impact from customer settlements related to a ransomware event is expected to be recorded in the fourth quarter, affecting growth. Despite these challenges, Tietoevry's third-quarter profitability improved to 13.5% from 13.0% the previous year, due to cost management measures. The company has updated its profitability outlook for 2024, now expecting an adjusted operating profit margin of 12.3-12.7%, within its original guidance range. Tietoevry will release its third-quarter interim report on October 24, 2024.
Tietoevry Corporation announced that starting from 20 September 2024, its shares will be traded without the right to the second dividend instalment of EUR 0.735 per share, following the decision made at the Annual General Meeting on 13 March 2024 to distribute a total dividend of EUR 1.47 per share in two instalments. This disclosure complies with Section 5-12 of the Norwegian Securities Trading Act. For further information, Tommi Järvenpää, Head of Investor Relations, can be contacted. Tietoevry is a technology company with a strong Nordic heritage, employing 24,000 experts globally and generating an annual turnover of approximately EUR 3 billion. The company's shares are listed on Nasdaq Helsinki, Nasdaq Stockholm, and Oslo Børs.
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.

Threads

Main Market, Stockholm News

Main Market, Stockholm News

Nyhetsuppdatering från TietoEVRY Oyj

Övrig information som ska lämnas enligt börsens regler: Tietoevry appoints Cosimo De Carlo as Managing Director, Tietoevry Create

Tietoevry Corporation announced that Cosimo De Carlo will become the Managing Director of Tietoevry Create, the company's digital engineering branch, on 1 September 2024. De Carlo has over 20 years of experience in the engineering services industry, formerly serving as the CEO of EDAG Group and Group Vice President Automotive at Altran. Tietoevry Create provides business advisory and design, data engineering and specialized software R&D services globally and employs nearly 10,000 professionals. De Carlo will report to Tietoevry’s CEO Kimmo Alkio and join the Group Executive Management team. Harri Salomaa will continue as the acting Managing Director of Tietoevry Create until De Carlo assumes his position.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från TietoEVRY Oyj

Övrig information som ska lämnas enligt börsens regler: Tietoevry's Board of Directors decides on a directed share issue without payment as part of the share-based incentive schemes of the Group's key employees

On April 24, 2024, the Board of Directors of Tietoevry Corporation decided to issue 214,379 new shares without payment to pay the rewards of the Performance Share Plan 2021–2023 and Restricted Share Plan 2021–2023 for key employees. The shares will be distributed to 449 key employees. The shares will be registered on May 14, 2024, and trading of the new shares will begin on May 15, 2024. This issuance will increase the total number of shares in Tietoevry Corporation to 118,640,150.

Main Market, Stockholm News

Main Market, Stockholm News

Nyhetsuppdatering från TietoEVRY Oyj

Interimsrapport: Tietoevry's Interim Report 1/2024: Q1 performance as anticipated - Tietoevry Banking strategic review concluded

Tietoevry Corporation released its interim report for Q1 2024 on 25th April 2024. The company reported revenues of EUR 733.9 million, a decrease from EUR 744.3 million in Q1 2023. Organic growth was down by 2%, and total growth was -1%. Operating profit (EBIT) was EUR 62.7 million with an operating margin of 8.5%. The adjusted operating profit was EUR 88.6 million with an adjusted operating margin of 12.1%. The company's EPS was EUR 0.32, and net cash flow from operations was EUR 71.8 million. The full-year outlook for 2024 remains unchanged, with organic growth expected to be 0-3% and the full-year adjusted operating margin estimated to be 12.0-13.0%. The company experienced a ransomware attack in one of its data centres in Sweden, which impacted service for some customers. The company's various divisions reported mixed performance with some recording growth and others reporting declines.

1. Bifogad dokument