TietoEVRY Corp
F:TTEB
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TietoEVRY Corp
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TietoEVRY Corp
In the bustling realm of technology and digital transformation, TietoEVRY Corp. stands as a stalwart entity, intricately woven into the economic fabric of Northern Europe. Born from the merger of Tieto Corporation and EVRY ASA in 2019, this Helsinki-based company leverages over half a century of experience to drive innovation across various sectors. Its services span a broad spectrum ranging from cloud and infrastructure solutions to consulting and software development. The company adeptly caters to an array of industries, including healthcare, financial services, and the public sector, providing tailored solutions that enhance operational efficiencies and enable digital transformation for its clients.
At the heart of TietoEVRY's business model is its customer-centric approach—melding deep industry expertise with advanced technological capabilities. By offering a diverse portfolio of IT services and products, TietoEVRY capitalizes on the increasing demand for digital solutions. The company's revenue streams are predominantly anchored in long-term service agreements and project-based engagements, allowing it to cultivate lasting relationships with its clients while ensuring a steady flow of income. Simultaneously, its focus on innovation and sustainability not only enhances its competitive positioning but also aligns with broader societal shifts towards digital ecosystems. Through strategic investments and a commitment to delivering tangible business outcomes, TietoEVRY continues to play a pivotal role in enabling digital maturity across diverse sectors.
In the bustling realm of technology and digital transformation, TietoEVRY Corp. stands as a stalwart entity, intricately woven into the economic fabric of Northern Europe. Born from the merger of Tieto Corporation and EVRY ASA in 2019, this Helsinki-based company leverages over half a century of experience to drive innovation across various sectors. Its services span a broad spectrum ranging from cloud and infrastructure solutions to consulting and software development. The company adeptly caters to an array of industries, including healthcare, financial services, and the public sector, providing tailored solutions that enhance operational efficiencies and enable digital transformation for its clients.
At the heart of TietoEVRY's business model is its customer-centric approach—melding deep industry expertise with advanced technological capabilities. By offering a diverse portfolio of IT services and products, TietoEVRY capitalizes on the increasing demand for digital solutions. The company's revenue streams are predominantly anchored in long-term service agreements and project-based engagements, allowing it to cultivate lasting relationships with its clients while ensuring a steady flow of income. Simultaneously, its focus on innovation and sustainability not only enhances its competitive positioning but also aligns with broader societal shifts towards digital ecosystems. Through strategic investments and a commitment to delivering tangible business outcomes, TietoEVRY continues to play a pivotal role in enabling digital maturity across diverse sectors.
Profitability Surge: Q4 adjusted EBITA margin improved sharply to 16.2%, up nearly 4 percentage points year-over-year, as cost savings took effect.
Cost Savings: The company increased its cost savings target from EUR 115 million to EUR 130 million, with EUR 95 million delivered by year-end and a permanent cost base reset underway.
Dividend and Buyback: Tieto proposed a dividend of EUR 0.88 per share (80% payout) and announced a EUR 150 million share buyback program funded by divestments.
Revenue Decline: Q4 revenue was EUR 464 million, with organic growth of -2% due to ongoing market weakness and legacy contract runoffs, but order backlog grew 13%.
2026 Guidance: For 2026, revenue growth is expected to be slightly negative (-2% to 0%), but profitability is set to step up with adjusted EBITA margin guided to 14.8–15.8%.
Portfolio Actions: The company continued to simplify its business through divestments (notably Bekk Consulting) and a bolt-on acquisition in Spain to support international growth.
