Tietoevry Oyj
TIETO
ISIN FI0009000277 / Valor 472478
Tietoevry Oyj
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About company
Tietoevry Oyj is a prominent technology firm with deep roots in the Nordic region, boasting a comprehensive global reach. The company is recognized for its expertise in cloud, data, and software solutions, employing around 24,000 professionals worldwide. Tietoevry caters to a diverse clientele, including thousands of enterprises and public-sector organizations across more than 90 countries. With an annual turnover of approximately EUR 3 billion, the company's financial performance underscores its significant role in the technology sector. Tietoevry is publicly traded, with its shares listed on the NASDAQ exchanges in Helsinki and Stockholm, as well as on the Oslo Børs. The firm prides itself on its core values of openness, trust, and diversity, aiming to drive digital innovation that benefits businesses, societies, and humanity at large.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (11.10.2025):
Tietoevry Oyj reported its half-year 2025 financial results, highlighting a challenging quarter with a decline in organic growth and profitability. The company has initiated significant actions aimed at improving execution and achieving substantial cost savings by the end of 2026, alongside leadership changes to drive future growth.
Revenue Decline
In the first half of 2025, Tietoevry Oyj experienced a 4% decrease in organic growth, with revenue falling to EUR 463.1 million compared to EUR 478.9 million in the same period the previous year.
Profitability Impact
The adjusted operating profit margin stood at 9.4%, which includes a 1.3 percentage point negative impact due to IFRS 5-related temporary costs. This reflects a decrease from 10.7% in the first half of 2024.
Cost Optimization Initiatives
Tietoevry has launched a cost optimization program targeting EUR 115 million in run-rate savings by the end of 2026. These measures are part of a broader strategy to enhance execution and performance rapidly.
Leadership Change
Endre Rangnes has been appointed as the new President and CEO of Tietoevry Oyj. The new leadership team is focused on strengthening customer relationships and driving growth initiatives.
Divestment of Tech Services
The company has divested its Tech Services business, reporting it as a discontinued operation from the first quarter of 2025. This strategic move is expected to positively impact future profitability and streamline operations.
Future Outlook
Tietoevry maintains its full-year 2025 outlook, anticipating improved growth in the second half of the year as market conditions stabilize and cost-saving measures take effect.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2440 M
Market cap (USD)
148,918
Daily traded volume (Shares)
17.17 / 16.71
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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