· Revenue organically down by 6% as anticipated - growth outlook for H2 2021
maintained
  · Adjusted operating margin 11.5%
  · Cloud & Infra transformation continues - efficiency measures initiated
  · Continued healthy cash flow

The full interim report with tables is available at the end of this release.

[][][][][][][][]
                                                        1-3/2021  1-3/2020
Revenue, EUR million                                    711.5     744.2
Change, %                                                -4.4      82.2
Organic growth[1)], %                                    -5.6       2.7
Operating profit (EBIT), EUR million                     56.7      50.0
Operating margin (EBIT), %                                8.0       6.7
Operating profit (EBITA[3)]), EUR million                68.5      61.6
Operating margin (EBITA[3)]), %                           9.6       8.3
Adjusted[2)] operating profit (EBITA[3)]), EUR million   82.1      78.2
Adjusted[2)] operating margin (EBITA[3)]), %             11.5      10.5
Adjustment items[2)], EUR million                        13.6      16.6
Order backlog, EUR million                              3 217     3 353
Net debt/EBITDA                                           2.3       2.7

[1)] Adjusted for currency effects and impact from acquisitions and divestments.
[2)] Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability.
[3) ]Profit before interests, taxes and amortization of acquisition-related
intangible assets.
Full-year outlook for 2021 unchanged

TietoEVRY expects its organic[1)] growth to be -1% to +2%[2)] (revenue in 2020:
EUR 2 786.4 million). The company estimates its full-year adjusted operating
margin (adjusted EBITA)[3)][ ]to increase to 13-14% (12.7% in 2020).

[1)] Adjusted for currency effects, acquisitions and divestments.
[2)] Highly dependent on the development of the Covid-19 pandemic. Assumes that
the business environment will return to normal as from the third quarter of
2021.
[3) ]Adjusted EBITA is fully comparable with the previous definition of adjusted
EBIT. According to both definitions, amortization of acquisition-related
intangible assets, restructuring costs, capital gains/losses, impairment charges
and other items affecting comparability are excluded - whereas amortization of
other intangible assets is included.

CEO's comment

Comment regarding the interim report by Kimmo Alkio, President and CEO:

"We are pleased to start the year with healthy profitability and cash flow,
while revenue development remained negative as we had anticipated. In light of
the pandemic, we anticipate the business environment to normalize in the second
half of the year. Several businesses ended the quarter with strong order intake
- supporting our growth ambition for the second half of this year. Our software
businesses delivered organic growth of 3% and we expect the positive trend in
this business to continue. We also experienced attractive development in our
international businesses. First-quarter profitability development continued to
be favourable at the Group level - supported by integration-related synergy
realization. Profitability improvement was driven by a strong 20% margin in
Industry Software and continued positive development in Digital Consulting with
a margin of 15%. The Cloud & Infra business continues to undergo significant
operational and technology partner-related transformation. To accelerate
improvement in performance, further efficiency measures have been initiated.

In the first quarter, we announced significant contracts in IT modernization and
multi-cloud services demonstrating our capabilities in cloud advisory and
complex enterprise transformations. In line with market opportunities, we are
making further targeted investments to support our growth plan. Investments are
visible specifically in Financial Services Solutions, supported by a significant
order backlog.

We are inspired by the high level of engagement continuing across our teams. Our
culture journey continues and we have started gearing our thoughts to life after
the pandemic, engaging our teams to co-create our future ways of working,
combining remote and office work in a flexible and sustainable way. During the
quarter, we had a high focus on personal development through the implementation
of individual learning paths, as well as activating our learning communities.
Curiosity and appetite for learning is a continuous necessity in our dynamic
industry - for the benefit of our customers."

Financial performance by segment

[][][][][][][][][][]
               Revenue,  Revenue,   Growth,     Organic  Adjusted[1)]
Adjusted[1)]  Adjusted[1)]  Adjusted[1)]
                    EUR       EUR         %     growth,     operating
operating     operating     operating
                million   million                 %[3)]   profit[2)],
profit[2)],   margin[2)],   margin[2)],
                                                          EUR million   EUR
million             %             %
               1-3/2021  1-3/2020  1-3/2021  1-3/2020   1-3/20
1-3/2020
                                                            21
Digital        174.9        183.5   -5            -6     26.5
23.9  15.1          13.0
Consulting
Cloud & Infra  216.2        253.0  -15              -13   8.6
23.7   4.0           9.4
Industry       136.0        129.7    5               -1  27.3
13.1  20.1          10.1
Software
Financial      112.1        106.9    5               -3  12.3
11.7  10.9          11.0
Services
Solutions
Product         36.8         38.7   -5              -10   4.4
5.0  12.0          12.9
Development
Services
Other[4)]       35.6         32.4   10               16   3.1
0.7     -                     -
Total          711.5        744.2   (4)              -6  82.1
78.2  11.5          10.5

[1)] Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability.
[2)] Profit before interests, taxes and amortization of acquisition-related
intangible assets.
[3) ]Adjusted for currency effects and impact from acquisitions and
divestments.
[4)] "Other" consists of International Operations, including digital consulting
services for markets outside the Nordics. "Other" also includes unallocated
Group costs.

For further information, please contact:
Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen
(at) tietoevry.com (tomi.hyrylainen%40tietoevry.com)
Kjell Arne Hansen, Head of Investor Relations, tel. +47 9504 0372, kjell.hansen
(at) tietoevry.com (kjell.hansen%40tietoevry.com)

A teleconference for analysts and media will be held on Thursday 29 April 2021
at 09.30 am EET (08.30 am CET, 07.30 am UK time). Kimmo Alkio, President and
CEO, and Tomi Hyryläinen, CFO, will present the results online in English. The
 (https://tieto.videosync.fi/2021-q1
-results)presentation (https://tieto.videosync.fi/2021-q1-results) can be
followed on TietoEVRY's website. (https://www.tietoevry.com/en/investor
-relations/)

Teleconference numbers
Finland: +358 981 710 310
Sweden: +46 856 642 651
Norway: +47 235 002 43
United Kingdom: +44 333 300 0804
United States: +1 631 913 1422
PIN: 75106535#

To ensure that you are connected to the conference call, please dial in a few
minutes before the start of the press and analyst conference. The teleconference
is recorded and it will be available on demand later during the day.
TietoEVRY publishes its financial information in English and Finnish.

TIETOEVRY CORPORATION

DISTRIBUTION
Nasdaq Helsinki
Oslo Børs
Principal Media

TietoEVRY creates digital advantage for businesses and society. We are a leading
digital services and software company with local presence and global
capabilities. Our Nordic values and heritage steer our success.

Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The
company serves thousands of enterprise and public sector customers in more than
90 countries. TietoEVRY's annual turnover is approximately EUR 3 billion and its
shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo
Børs. www.tietoevry.com