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Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2024-10-24 Kvartalsrapport 2024-Q3
2024-09-20 Halvårsutdelning TIETOS 8.31483
2024-07-23 Kvartalsrapport 2024-Q2
2024-04-25 Kvartalsrapport 2024-Q1
2024-03-14 Halvårsutdelning TIETOS 8.31483
2024-03-13 Årsstämma 2024
2024-02-15 Bokslutskommuniké 2023
2023-10-26 Kvartalsrapport 2023-Q3
2023-09-22 Halvårsutdelning TIETOS 8.618075
2023-07-21 Kvartalsrapport 2023-Q2
2023-05-04 Kvartalsrapport 2023-Q1
2023-03-24 Halvårsutdelning TIETOS 8.13595
2023-03-23 Årsstämma 2023
2023-02-15 Bokslutskommuniké 2022
2022-10-27 Kvartalsrapport 2022-Q3
2022-09-23 Halvårsutdelning TIETOS 7.62846
2022-07-22 Kvartalsrapport 2022-Q2
2022-05-05 Kvartalsrapport 2022-Q1
2022-03-25 Halvårsutdelning TIETOS 7.24024
2022-03-24 Årsstämma 2022
2022-02-17 Bokslutskommuniké 2021
2021-10-26 Kvartalsrapport 2021-Q3
2021-09-24 Halvårsutdelning TIETOS 6.699858
2021-07-20 Kvartalsrapport 2021-Q2
2021-04-29 Kvartalsrapport 2021-Q1
2021-03-26 Halvårsutdelning TIETOS 6.718404
2021-03-25 Årsstämma 2021
2021-02-17 Bokslutskommuniké 2020
2020-10-27 Kvartalsrapport 2020-Q3
2020-09-25 Halvårsutdelning TIETOS 3.34514825
2020-07-24 Halvårsutdelning TIETOS 3.256407
2020-07-24 Kvartalsrapport 2020-Q2
2020-04-29 Årsstämma 2020
2020-04-28 Kvartalsrapport 2020-Q1
2020-02-14 Bokslutskommuniké 2019
2019-10-24 Kvartalsrapport 2019-Q3
2019-09-03 Extra Bolagsstämma 2019
2019-07-19 Kvartalsrapport 2019-Q2
2019-04-25 Kvartalsrapport 2019-Q1
2019-03-22 Bonusutdelning TIETOS 2.0937
2019-03-22 Ordinarie utdelning TIETOS 13.09 SEK
2019-03-21 Årsstämma 2019
2019-02-06 Bokslutskommuniké 2018
2018-10-24 Kvartalsrapport 2018-Q3
2018-07-20 Kvartalsrapport 2018-Q2
2018-04-26 Kvartalsrapport 2018-Q1
2018-03-23 Bonusutdelning TIETOS 2.0214
2018-03-23 Ordinarie utdelning TIETOS 12.13 SEK
2018-03-22 Årsstämma 2018
2018-02-06 Bokslutskommuniké 2017
2017-10-24 Kvartalsrapport 2017-Q3
2017-07-20 Kvartalsrapport 2017-Q2
2017-04-26 Kvartalsrapport 2017-Q1
2017-03-24 Ordinarie utdelning TIETOS 10.83 SEK
2017-03-24 Bonusutdelning TIETOS 2.0712
2017-03-22 Årsstämma 2017
2017-02-02 Bokslutskommuniké 2016
2016-10-27 Kvartalsrapport 2016-Q3
2016-07-15 Kvartalsrapport 2016-Q2
2016-05-31 Kapitalmarknadsdag 2016
2016-04-26 Kvartalsrapport 2016-Q1
2016-03-23 Bonusutdelning TIETOS 2.3562
2016-03-23 Ordinarie utdelning TIETOS 10.37 SEK
2016-03-22 Årsstämma 2016
2016-03-17 Analytiker möte 2016
2016-02-04 Bokslutskommuniké 2015
2015-10-22 Kvartalsrapport 2015-Q3
2015-07-22 Kvartalsrapport 2015-Q2
2015-04-28 Kvartalsrapport 2015-Q1
2015-03-20 Ordinarie utdelning TIETOS 9.43 SEK
2015-03-20 Bonusutdelning TIETOS 2.83
2015-03-19 Årsstämma 2015
2015-02-05 Bokslutskommuniké 2014
2014-10-23 Kvartalsrapport 2014-Q3
2014-07-18 Kvartalsrapport 2014-Q2
2014-05-27 Kapitalmarknadsdag 2014
2014-04-25 Kvartalsrapport 2014-Q1
2014-03-21 Ordinarie utdelning TIETOS 8.05 SEK
2014-03-20 Årsstämma 2014
2014-02-06 Bokslutskommuniké 2013
2013-10-23 Kvartalsrapport 2013-Q3
2013-07-19 Kvartalsrapport 2013-Q2
2013-04-25 Kvartalsrapport 2013-Q1
2013-03-26 Ordinarie utdelning TIETOS 7.03 SEK
2013-03-25 Årsstämma 2013
2013-02-06 Bokslutskommuniké 2012
2012-11-29 Kapitalmarknadsdag 2012
2012-10-23 Kvartalsrapport 2012-Q3
2012-07-20 Kvartalsrapport 2012-Q2
2012-04-25 Kvartalsrapport 2012-Q1
2012-03-23 Ordinarie utdelning TIETOS 6.65 SEK
2012-03-22 Årsstämma 2012
2012-02-08 Bokslutskommuniké 2011
2011-10-25 Kvartalsrapport 2011-Q3
2011-07-22 Kvartalsrapport 2011-Q2
2011-04-28 Kvartalsrapport 2011-Q1
2011-03-25 Ordinarie utdelning TIETOS 6.18 SEK
2011-03-24 Årsstämma 2011
2011-02-10 Bokslutskommuniké 2010
2010-10-27 Kvartalsrapport 2010-Q3
2010-07-21 Kvartalsrapport 2010-Q2
2010-04-27 Kvartalsrapport 2010-Q1
2010-03-26 Ordinarie utdelning TIETOS 5.06 SEK
2010-03-25 Årsstämma 2010
2010-02-10 Bokslutskommuniké 2009
2009-10-21 Kvartalsrapport 2009-Q3
2009-07-17 Kvartalsrapport 2009-Q2
2009-04-24 Kvartalsrapport 2009-Q1
2009-03-27 Ordinarie utdelning TIETOS 5.47 SEK
2009-03-26 Årsstämma 1

Beskrivning

LandFinland
ListaLarge Cap Stockholm
SektorTjänster
IndustriIT-konsult & onlinetjänster
Tietoevry är verksamt inom IT-sektorn. Inom bolaget erbjuds ett utbud av mjukvaru- och molnbaserade lösningar, med störst specialistkompetens inom SaaS-lösningar. Kompetens återfinns inom affärsprocesser, applikationstjänster, infrastrukturlösningar, samt front-end lösningar. Kunderna återfinns inom ett flertal marknader på global nivå. Bolaget kom till under 2019 via en sammanslagning av Tieto och EVRY. Huvudkontoret ligger i Helsingfors.
2020-07-24 07:00:13
· Adjusted operating profit EUR 80.4 million / 11.7% - solid performance across
all businesses
  · Integration well on schedule - synergy target increased to EUR 100 million
  · Large one-time items for the second quarter and full year 2020 - for future
profit contribution
  · Dividend of EUR 0.635/share, totaling EUR 75 million, decided for 2019

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

About this report

Tieto's and EVRY's merger was concluded on 5 December 2019. The attached report
is based on the official financial figures of TietoEVRY, with EVRY being
consolidated as from 5 December 2019.

Comparable financial information for illustrative purposes:

The new operating model became effective on 1 January 2020 and financial
reporting has been prepared in accordance with the new structure as from this
interim report. As additional information, the report includes comparable
financial information for TietoEVRY with figures for 2019 restated to account
for the current segments.

[][][][]
                                                   4-6/2020  4-6/2019
Revenue, EUR million                               686.4     730.4
   Change, %                                        -6.0            -
   Organic growth[1)], %                            -1.0            -
Operating profit (EBIT), EUR million                -9.8      43.9
Operating margin (EBIT), %                          -1.4       6.0
Adjusted[2)] operating profit (EBIT), EUR million   80.4      69.8
Adjusted[2)] operating margin (EBIT), %             11.7       9.6
One-time items, EUR million                         90.1            -
Order backlog, EUR million                         3 310            -
Net debt/EBITDA[3)]                                  2.9            -

[1)] Adjusted for currency effects and impact from acquisitions and
divestments
[2)] Adjusted for amortization of acquisition-related intangible assets,
restructuring costs, capital gains/losses, goodwill impairment charges and other
items affecting comparability.
[3) ]EBITDA is 12-month average including the full period for both Tieto and
EVRY. This is in line with the additional debt due to the merger being included
in net debt.


Full-year outlook for 2020 withdrawn on 27 March

Due to the Covid-19 pandemic, the current economic outlook in TietoEVRY's main
markets involves significant uncertainties. Given the uncertainties in the
market outlook, it is not possible to estimate the potential impact of the
pandemic on the company's profitability. Hence the full-year guidance was
withdrawn on 27 March. Further guidance will be issued once visibility to the
market outlook for the second half has improved and significant uncertainties
are cleared.

CEO's comment

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

"We are pleased to report a good quarter in a demanding environment, supported
by our successful measures to adjust for the impact of Covid-19 and ensure the
well-being of our employees. Our integration continues to proceed well and we
are increasing the outlook for merger synergies. Overall, the second quarter
lays a strong operational foundation for future performance.

Group financial performance in the second quarter improved, with the adjusted
operating margin increasing to 11.7%, up from 9.6% in the prior year, while
revenues were organically down by 1%. All businesses performed well during the
active integration period - and demonstrated fair resilience against the impact
of Covid-19.

The merger integration is a major focus area throughout 2020 - we completed the
implementation of our unified structure and new integrated financial model
during the second quarter. We have executed the integration at a fast pace and
are able to increase the target for our merger synergies from the prior level of
EUR 75 million to EUR 100 million - with the end of year 2020 run-rate
anticipated to reach the level of EUR 70-80 million.
As a result of the merger and our major transformation agenda we experience
unusually high one-time costs during the second quarter and full year 2020.
These one-time items are necessary to build improved future scale, quality and
financial performance for the company. We expect that one-time items will return
to normalized levels in 2021 as the integration process continues.

We are pleased to confirm the decision on the 2019 dividend pay-out at 50% of
the level authorized by the Annual General Meeting 2020, reflecting the impact
of Covid-19 and the expected large one-time items for 2020. We continue to
believe in an attractive mid- and long-term dividend outlook for the company.

With the good operational foundation of TietoEVRY, we are committed to
delivering a strong performance for the benefit of our customers, employees and
shareholders. I'd like to thank our customers and employees for rapidly adapting
to the new remote ways of working during the pandemic and continuing to ensure
the high availability of services critical to society."

Financial performance (comparable financial information)

[][][][][]
             Revenue,  Revenue,   Growth,     Organic  Adjusted[1)]
Adjusted[1)]  Adjusted[1)]  Adjusted[1)]
                  EUR       EUR         %     growth,     operating
operating     operating     operating
              million   million                 %[2)]   profit, EUR   profit,
EUR     margin, %      margin %
                                                            million
million
             4-6/2020  4-6/2019  4-6/2020  4-6/2019     4-6/  4-6/2
                                                          20    019
                                                          20
Digital      162.7        185.2  -12            -6     17.9
15.5  11.0                   8.4
Consulting
Cloud &      232.0        249.2   -7               -3  26.6
25.3  11.5                  10.2
Infra
Industry     122.0        125.5   -3                3  18.4
14.8  15.1                  11.8
Software
Financial    101.9        105.3   -3                6  12.0
13.2  11.8                  12.6
Services
Solutions
Product       34.4         35.4        -3          -2   4.0
2.7  11.5                   7.6
Development
Services
Other         33.4         29.7   12               12   1.6
-1.8             -             -
Total        686.4        730.4        -6          -1  80.4
69.8  11.7                   9.6

[1)] Adjusted for amortization of acquisition-related intangible assets,
restructuring costs, capital gains/losses, goodwill impairment charges and other
items affecting comparability
[2)] Adjusted for currency effects and impact from acquisitions and
divestments


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 Friday 24 July 2020 at
10.00 am EEST (9.00 am CET, 8.00 am UK time). Kimmo Alkio, President and CEO,
and Tomi Hyryläinen, CFO, will present the results online in English. The
presentation (https://tieto.videosync.fi/2020-q2-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
Conference code: 98211130#

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 Börs
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
Börs. www.tietoevry.com