· Merger to create a leading Nordic digital services company completed in the
fourth quarter
  · Tieto stand-alone: revenue growth 2%, adjusted operating margin over 13% -
healthy performance driven by Hybrid Infra
  · EVRY stand-alone: revenue growth 4%, adjusted operating margin over 13% and
strong order backlog in Financial Services
  · Dividend proposal EUR 1.27 per share

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

About this report

To give an understanding of performance comparable with prior reporting of both
Tieto and EVRY, this report includes the following sections:

  · Stand-alone financial information for illustrative purposes on pages 6-10 in
the attached Financial Statements Release
  · In stand-alone financial information for EVRY, the full year and fourth
quarter of 2019 are reported in accordance with EVRY's accounting policies,
except for the period subsequent to the merger, which has been reported in
accordance with TietoEVRY's accounting policies. There are no material
differences between EVRY's and TietoEVRY's accounting policies.

  · All other sections in this report are based on the official financial
figures of TietoEVRY with EVRY being consolidated to TietoEVRY as from 5
December. Comparison figures have not been restated for the merger.
[][]
                          10-12/2019  10-12/2018   1-12/2019   1-12/2018
Net sales, EUR million      542.8      421.9      1 734.0     1 599.5
Change, %                    28.7        3.0          8.4         3.6
Operating profit (EBIT),     31.5       45.7        124.2       154.7
EUR million
Operating margin (EBIT),      5.8       10.8          7.2         9.7
%
Adjusted[1)] operating       71.4       51.0        196.4       168.0
profit (EBIT), EUR
million
Adjusted[1)] operating       13.1       12.1         11.3        10.5
margin (EBIT), %
Profit after taxes, EUR      12.0       35.6         79.1       123.2
million
EPS, EUR                     0.14       0.48         1.02        1.67
Net cash flow from          128.3       81.7        278.4       174.2
operations, EUR million
Return on equity, 12          7.3       25.7          7.3        25.7
-month rolling, %
Return on capital             6.8       20.9          6.8        20.9
employed, 12-month
rolling, %
Capital expenditure, EUR     17.9       16.7         51.4        45.0
million
Acquisitions, EUR           175.0        4.3        175.7        14.5
million
Interest-bearing net      1 070.0      137.4      1 070.0       137.4
debt, EUR million
Personnel on 31 December   23 996     15 190       23 996      15 190

[1)] Adjusted for amortization of acquisition-related intangible assets,
restructuring costs, capital gains/losses, goodwill impairment charges and other
items affecting comparability.


Full-year outlook for 2020

TietoEVRY expects its comparable full-year adjusted[1) ]operating profit (EBIT)
to increase from the previous year's level (Tieto's and EVRY's adjusted
operating profit combined amounted to a total of EUR 343.1 million in 2019).

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

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

"I am proud of the good performance TietoEVRY delivered in the fourth quarter -
ending this year of major transformation with a strong operating margin. The
major event of the year was the merger between EVRY and Tieto, which was
completed on 5 December 2019. The merger yields attractive benefits and the
integration programme is well on schedule.

In 2019, EVRY delivered solid performance with growth in strategic areas. During
the year, EVRY implemented a number of strategic initiatives to improve
profitable organic growth and I am happy to see that the choices have turned out
to be successful. The year ended with a strong order backlog, especially in the
Financial Services area.

Tieto's performance accelerated throughout the second half of 2019 with strong
profit contribution in the fourth quarter. Tieto's strategic and operational
renewal during the second quarter of 2019 was successfully carried out, enabling
good performance at the Group level and especially in the Hybrid Infra business.
We are also pleased with improved growth in the Industry Software business.

As TietoEVRY, we were able to accelerate the integration process during the
fourth quarter with leadership nominations taking place in October. As
anticipated, the pace of integration accelerated in December after the formal
merger approvals. Implementation of the integrated TietoEVRY operating model and
structures began in January 2020. We expect that we will complete the majority
of the structural integrations during the first half of the new year.

We continue to be committed to delivering the anticipated synergy benefits of
EUR 75 million and expect the synergy run-rate to be EUR 35-40 million at the
year end. Our joint innovation capabilities and combined solution portfolio
provide us with a strong position at the forefront of digitalization and in
improving our customers' competitiveness. This also provides TietoEVRY with
stronger growth potential in the longer term.

I am excited about the commitment and hard work of our employees in making this
merger a success. During the integration process we have already experienced the
strength of our common values, which promote openness, transparency, diversity
and continuous learning. Several recognitions testify to our ability to attract
and retain the best talent. Our recognitions in the Nordics include Tieto's
ranking in the top three global tech companies in Equileap's Global Gender
Equality Ranking, Tieto Sweden's EDGE Assessment Certificate, and EVRY's listing
as Norway's best technology company for women by the SHE Index.

Based on the combination of good business performance in the past quarter
coupled with Tieto and EVRY joining forces, we look forward to a very exciting
2020 - we will realize digital advantage for businesses and society."

Stand-alone financial information for illustrative purposes - Tieto

Tieto posted revenue growth of 2% in local currencies.

Financial performance of Tieto in October-December

[][][][]
                 Revenue,   Revenue,   Growth,  Adjusted[1)  Adjusted[1)]
Adjusted[1)]   Adjusted[1)]
                      EUR        EUR         %   ]operating      operating
operating      operating
                  million    million            profit, EUR    profit, EUR
margin, %      margin, %
                                                    million        million
                10-12/201  10-12/201  10-12/20   10-12/2018     10-12/2019
10-12/2018
                        9          8        19
Digital         122.6      129.8       -6       15.5         19.0           12.7
         14.6
Experience
Hybrid Infra    137.5      132.8        3       21.8         12.9           15.8
          9.7
Industry        124.6      122.2        2       20.6         22.0           16.5
         18.0
Software
Product          37.9       36.2        4        3.8          3.7           10.1
         10.1
Development
Services
Segments total  422.5      421.1        0       61.7         57.5           14.6
         13.6
Other             0.4        0.8      -48       -4.4         -6.5              -
            -
operations
Total           423.0      421.9        0       57.2         51.0           13.5
         12.1

Stand-alone financial information for illustrative purposes - EVRY

Figures for EVRY's key performance measures include the full period.

Financial performance of EVRY in October-December

[][][][][][]
              Revenue,   Revenue,    Organic  Adjusted[3)]   Adjusted[3)]
Adjusted[3)]   Adjusted[3)]
                   EUR        EUR   growth[2      operating      operating
operating      operating
           million[1)]    million      )], %    profit, EUR    profit, EUR
margin, %         margin
                                                    million        million
%
            10-12/2019  10-12/201  10-12/201     10-12/2018     10-12/2019
10-12/2018
                                8          9
EVRY        97.5             94.7        7.3           13.0           12.7
13.4           13.4
Financial
Services
EVRY        82.6             91.9       -4.6            5.9            5.7
7.1            6.3
Sweden
EVRY       139.5            134.6        8.3           16.0           16.3
11.4           12.1
Norway
Other       35.6             33.2          -           12.8           14.5
35.9           43.6
Total            355.2      354.5        3.9           47.7           49.2
13.4           13.9

[2)] Adjusted for currency effects and impacts from acquisitions and divestments
to provide figures comparable with EVRY's prior reporting

For further information, please contact:
Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen
(at)
tieto.com (http://file:///C:/Users/lounetan/Downloads/tomi.hyrylainen@tieto.com)
Kjell Arne Hansen, Investor Relations, tel. +47 9504 0372, kjell.hansen (at)
evry.com (http://file:///C:/Users/lounetan/Downloads/kjell.hansen@evry.com)

A teleconference for analysts and media will be held on Friday 14 February 2020
at 10.00 am EET (9.00 am CET, 8.00 am UK time). Kimmo Alkio, President and CEO,
Per Hove, former CEO of EVRY, and Tomi Hyryläinen, CFO, will present the results
online in English. The presentation (https://tieto.videosync.fi/q4-results-2019)
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 08 04
United States: +1 631 913 14 22
Conference code: 69530517#

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.

Tieto 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.tieto.com.