Tietoevry CorporationHALF-YEAR REPORT     23 July 2024, 9.00 a.m. (EEST)

  · Organic growth of 1% driven by software businesses
  · Improved profitability of 11% supported by Tietoevry Tech Services
  · Strong customer wins and order intake - book-to-bill 1.3
  · Strategic review of Tietoevry Tech Services progressing - active sales
process ongoing

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

                          4-6/2024  4-6/2023  1-6/2024  1-6/2023
Revenue, EUR million      715.0     695.2     1448.9    1439.5
     Organic growth1), %  1         3         -1        5
     Acquisitions and     2         0         2         0
divestments, %
     Foreign exchange     0         -8        -1        -7
rates, %
Total growth, %           3         -6        1         -2
Organic growth adjusted   -1        4         -1        6
for working days4), %
Operating profit (EBIT),  47.8      41.2      110.4     109.9
EUR million
Operating margin (EBIT),  6.7       5.9       7.6       7.6
%
Adjusted2) operating      78.3      72.9      167.0     164.7
profit (EBITA3)), EUR
million
Adjusted2) operating      11.0      10.5      11.5      11.4
margin (EBITA3)), %
EPS, EUR                  0.24      0.21      0.56      0.62
Cash flow from operating  68.1      11.5      139.9     115.2
activities, EUR million
Capital expenditure, EUR  24.5      18.9      48.7      39.6
million

Full-year outlook for 2024 unchanged

Tietoevry expects its organic1) growth to be in the range of 0-3% (revenue in
2023: EUR 2 851.4 million).

The company estimates its full-year adjusted operating margin2) (adjusted
EBITA3)) to be 12.0-13.0% (12.6% in 2023).

1) Adjusted for currency effects, 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

4) Company estimate

CEO's comment

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

"We delivered steady second-quarter performance in a mixed market environment.
The company returned to growth and improved its profitability to 11%. Our
software businesses, Tietoevry Banking and Tietoevry Industry posted healthy
growth of 5%. Furthermore, Tietoevry Banking signed significant customer
contracts and achieved a record-high order book. Our consulting and managed
services businesses declined in a market with weaker demand. We continue our
focus on efficiency to remain resilient across all businesses, with the biggest
profitability improvement in the second quarter seen in Tietoevry Tech Services.

As announced on 1 July, the strategic review of Tietoevry Tech Services is
progressing with an active sales process ongoing. As a company, we are in the
middle of a multi-year strategic transformation, which we embarked on with our
specialization strategy at the beginning of 2022. We are making consistent
progress in our ambition of repositioning Tietoevry as a leading software and
digital engineering company. During the quarter, we launched a new unified
operating model for Tietoevry Create to realize its global scale, competitive
offerings and efficiency. The software businesses further expanded their
footprint with customer wins, SaaS models and AI-enabled products. As an
example, in healthcare we have co-created with our customers AI-augmented
diagnosis and treatment solutions for patient-centred care.

Our hearts and minds remain with our colleagues and people in Ukraine as the
devastating situation in the country continues.

We are also proud of the progress in our sustainability agenda - we remain
focused on climate action, ethical conduct and social impact as outlined in our
Sustainability Pledge launched in March. Tietoevry was recognized as one of
Europe's Climate Leaders 2024 in a listing by the Financial Times and as one of
the World's Most Sustainable Companies of 2024 by Time Magazine - both compiled
in partnership with Statista. We also continue to have diversity and inclusion
in focus, demonstrated, for example, by our long-term participation in Pride."

Financial performance by segment

              Revenue,  Revenue,  Growth,   Organic   Adjusted   Adjusted
Adjusted   Adjusted
                                  %         growth,   operating  operating
operating  operating
              EUR       EUR                 %
              million   million                       profit,    profit,
margin, %  margin, %

                                                      EUR        EUR
                                                      million    million
              4-6/2024  4-6/2023  4-6/2024  4-6/2023  4-6/2024   4-6/2023

Tietoevry     213.9     204.8     4         -2        24.3       24.4       11.4
11.9
Create
Tietoevry     148.2     139.8     6         5         14.7       14.8       9.9
10.6
Banking
Tietoevry     58.6      58.2      1         1         15.3       17.0       26.2
29.1
Care
Tietoevry     67.3      63.8      5         5         10.1       9.4        15.1
14.7
Industry
Tietoevry     256.1     265.4     -4        -4        19.8       13.1       7.7
4.9
Tech
Services
Eliminations  -29.2     -37.0     -         -         -6.0       -5.7       -
-
and
non
-allocated
costs
Group total   715.0     695.2     3         1         78.3       72.9       11.0
10.5

For further information, please contact:

Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen
(at) tietoevry.com

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com

A teleconference for analysts and media will be held on 23 July 2024 at 10.00
a.m. EEST (09.00 a.m. CEST, 08.00 a.m. UK time). Kimmo Alkio, President and CEO,
and Tomi Hyryläinen, CFO, will present the results online in English. The
presentation (https://tietoevry.videosync.fi/q2-2024) can be followed on
Tietoevry's website (http://www.tietoevry.com/investors).

To take part in the questions and answers session after the presentation you
will need to dial in by phone. You can access the teleconference by registering
on this link (https://palvelu.flik.fi/teleconference/?id=50049008). After the
registration you will be provided phone numbers, user ID and a conference ID to
access the conference.

The event 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

Nasdaq Stockholm

Oslo Børs

Principal Media

Tietoevry creates purposeful technology that reinvents the world for good. We
are a leading technology company with a strong Nordic heritage and global
capabilities. Based on our core values of openness, trust and diversity, we work
with our customers to develop digital futures where businesses, societies, and
humanity thrive.

Our 24 000 experts globally specialize in cloud, data, and software, serving
thousands of enterprise and public-sector customers in more than 90 countries.
Tietoevry's annual turnover is approximately EUR 3 billion and the company's
shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as
on Oslo Børs. https://www.tietoevry.com