TietoEVRY Corp
F:TTEB

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TietoEVRY Corp Logo
TietoEVRY Corp
F:TTEB
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Price: 18.44 EUR -0.81%
Market Cap: 2.2B EUR

TietoEVRY Corp
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Profitability: All business units improved profitability in Q3, driven by successful cost optimization measures and the Tech Services divestment.

Revenue & Growth: Reported 4% top-line growth, but underlying organic growth was slightly negative due to weak market conditions.

Margins: Group margin reached 19.3%, with underlying margin at 15.2% after adjusting for a positive court ruling in Banking.

Order Backlog: Order backlog grew strongly, especially in Industry and Banking, up 11% organically year-over-year, but most revenue impact will come in 2027 and beyond.

Cost Program: EUR 75 million of the targeted EUR 115 million cost savings already achieved; workforce reduced by 1,500 FTEs year-over-year.

Guidance: Tracking towards the higher end of profit guidance for the year, but market uncertainty and weak demand in some areas remain.

Tech Services Divestment: Completed, resulting in EUR 223 million consideration and net debt reduction to EUR 552 million.

AI Initiatives: AI adoption is underway, with some productivity improvements already visible but limited immediate market impact.

Key Financials
Group Margin
19.3%
Underlying Margin
15.2%
Banking Underlying Margin
Over 16%
Order Backlog
Over EUR 2 billion
Banking Order Backlog
Above EUR 1 billion
Cost Optimization Savings (Run Rate)
EUR 75 million by end of Q3
Headcount Reduction
1,500 FTEs less year-over-year
Q3 Gross Savings (Cost Program)
EUR 15 million
Tech Services Divestment Proceeds
EUR 223 million consideration, EUR 201 million net cash impact
Net Debt
EUR 552 million
Net Debt to EBITDA
2.4 (or 2.2 excluding IFRS 5 effect)
Employee Attrition (LTM)
7.1–7.5% at the end of Q3
Other Earnings Calls

Management

Mr. Kimmo Alkio
CEO & President
No Bio Available
Mr. Endre Rangnes
Managing Director of Tietoevry Banking
No Bio Available
Mr. Tomi Hyrylainen
Chief Financial Officer
No Bio Available
Mr. Tommi Jarvenpaa M.Sc.
Head of Investor Relations
No Bio Available
Mr. Jussi Tokola
General Counsel
No Bio Available
Mr. Trond Vinje
Head of HR
No Bio Available
Ms. Tanja Lounevirta
Head of Financial Communications
No Bio Available
Ms. Satu Kiiskinen
Managing Director of Tietoevry Tech Services
No Bio Available
Ms. Päivi Huuhtanen
Head of Stakeholder Relations
No Bio Available
Mr. Johan Hoglund
VP, Head of Heathcare, Welfare & Education
No Bio Available

Contacts

Address
ETELA-SUOMEN
Espoo
Keilalahdentie 2-4, P.O.Box 2
Contacts
+3582072010.0
www.tietoevry.com