Annonce • Apr 30
Tieto Corporation Announces Board Changes Tieto Corporation announced that Johan Enger Nygaard has been appointed as interim Managing Director of Tieto Tech Consulting to accelerate the business' strategic transformation and aimed performance uplift, effective May 1, 2026. Johan has most recently served as the Managing Director of Tieto Indtech business and brings with him extensive proven C-level experience. Johan succeeds Pär Johansson who will pursue opportunities outside Tieto. Following this, Bent Philipps has been appointed interim Managing Director of Tieto Indtech, from May 1, 2026. Bent is familiar with Indtech environment and dynamics, as he is currently heading one of its leading software business units, Public 360. Bent has over 30 years of diverse leadership experience from IT industry, with deep expertise in digitalization, AI-driven transformation, and business model innovation. He has been with Tieto since 2019. Johan and Bent report to CEO Endre Rangnes and are members of Tieto's Group Executive Team. Annonce • Feb 12
Tietoevry Oyj Proposes Dividend for the Year Ended December 31, 2025, Payable on April 2, 2026 and October 2, 2026, Respectively The Board of Directors of TietoEVRY Oyj proposed to the Annual General Meeting that, based on the balance sheet to be adopted for the financial year, which ended 31 December 2025, a dividend in the total amount of EUR 0.88 per share be paid from the distributable funds of the company in two instalments as follows: The first dividend instalment of EUR 0.44 per share in aggregate shall be paid to shareholders who on the record date for the first dividend instalment on 26 March 2026 are registered in the shareholders' register maintained by Euroclear Finland Oy or the registers maintained by Euroclear Sweden AB or Euronext Securities Oslo/Verdipapirsentralen ASA (VPS). For shareholders whose shares are registered with Euroclear Finland Oy, the payment date is on 2 April 2026. Outside of Finland, the first instalment is paid to shareholders in accordance with the practices of Euroclear Sweden AB and VPS, and may occur at a later date. The second dividend instalment of EUR 0.44 per share in aggregate shall be paid to shareholders who on the record date for the second dividend instalment on 23 September 2026 are registered in the shareholders' register maintained by Euroclear Finland Oy or the registers maintained by Euroclear Sweden AB or Euronext Securities Oslo/Verdipapirsentralen ASA (VPS). For shareholders whose shares are registered with Euroclear Finland Oy, the payment date is on 2 October 2026. Outside of Finland, the second instalment is paid to shareholders in accordance with the practices of Euroclear Sweden AB and VPS, and may occur at a later date. The Board of Directors also proposes that the Annual General Meeting would authorize the Board of Directors to decide, if necessary, on a new record date and payment date for the second dividend instalment, for example if the rules of Euroclear Finland Oy or statutes applicable to the Finnish book-entry system change or otherwise so require. Annonce • Feb 04
Axcel VII, fund managed by Axcel Management A/S, Management team and employees of BEKK Consulting AS completed the acquisition of BEKK Consulting AS from TietoEVRY Oyj (HLSE:TIETO). Axcel VII, fund managed by Axcel Management A/S, Management team and employees of BEKK Consulting AS entered into an agreement to acquire BEKK Consulting AS from TietoEVRY Oyj (HLSE:TIETO) for NOK 1.7 billion on December 1, 2025. The consideration is on cash and debt free basis. ABG Sundal Collier acted as as Joint Bookrunner on the NOK 700 million senior secured bond issue. Net proceeds from the bond, together with equity from Axcel and management, will be used to finance the acquisition and for general corporate purposes.
For the period ending September 30, 2025, BEKK Consulting AS reported total revenue of NOK 1.06 billion, EBIT of NOK 150 million and has around 600 employees.
The transaction is expected to be completed in the first half of 2026. Tieto intends to use the proceeds to reduce debt and to distribute capital to shareholders.
DNB Carnegie, Investment Arm acted as financial advisor for TietoEVRY Oyj. Advokatfirmaet Schjødt As acted as legal advisor for TietoEVRY Oyj. Lars Kristian Sande, Lars Olav Viset and Herman Wohl of Advokatfirmaet BAHR AS acted as legal advisor for Axcel Management A/S. ABG Sundal Collier ASA acted as financial advisor for Axcel Management A/S.
Axcel VII, fund managed by Axcel Management A/S, Management team and employees of BEKK Consulting AS completed the acquisition of BEKK Consulting AS from TietoEVRY Oyj (HLSE:TIETO) on February 2, 2026. Annonce • Sep 16
Tietoevry Corporation Revises Earnings Guidance for the Full Year 2025 Tietoevry Corporation revised earnings guidance for the full year 2025. For the year, company expects its organic1) growth to be in the range of -2% to 0% (revenue in 2024: EUR 1,879.5 million) against previous guidance of -2% to +1% (revenue in 2024: EUR 1,879.5 million). Annonce • Jun 19
Tietoevry Oyj Announces Executive Changes TietoEVRY Oyj announced that Johan Enger Nygaard has been appointed as interim Managing Director of Tietoevry Industry effective 19 June 2025. He succeeds Carsten Henke who will pursue opportunities outside the company. Johan enters the position from the role of Head of Data Platforms, Tietoevry Industry. He has gained well over two decades of strategic leadership experience across multiple industries, with a strong focus on technology and software, both as an entrepreneur and through listed-company senior leader roles. Johan has been with Tietoevry since 2011. Johan Enger Nygaard will report to Tietoevry's interim CEO Endre Rangnes and be a member of the Group Executive Team. Annonce • May 07
Tietoevry Banking Appoints Mario Blazevic as Interim Managing Director, Effective 6 May 2025 Tietoevry Corporation has appointed Mario Blazevic as interim Managing Director of Tietoevry Banking effective May 6, 2025. Mr. Blazevic, born in 1975, has been working at Tietoevry since 2010, most recently as the Head of Cards and Transaction Banking at Tietoevry Banking. Previously, he held several senior leadership positions in Cards at Tietoevry and EVRY. Mr. Blazevic is a Norwegian citizen. As interim Managing Director, Tietoevry Banking, Mr. Blazevic will report to Tietoevry interim CEO Endre Rangnes and be a member of the Group Executive Management team. Annonce • Apr 29
Tietoevry Corporation Revises Earnings Guidance for the Year 2025 Tietoevry Corporation revised earnings guidance for the year 2025. Tietoevry expects its organic growth to be in the range of -2% to +1% (revenue in 2024: EUR 1,879.5 million) as compared to previous outlook of organic growth to be in the range of -3% to +1% (revenue in 2024: EUR 2,802.6 million). Board Change • Dec 30
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Independent Deputy Chairperson Harri-Pekka Kaukonen is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: €0.32 (vs €0.37 in 3Q 2023) Third quarter 2024 results: EPS: €0.32 (down from €0.37 in 3Q 2023). Revenue: €656.6m (flat on 3Q 2023). Net income: €38.3m (down 12% from 3Q 2023). Profit margin: 5.8% (down from 6.6% in 3Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Oct 17
Tietoevry Corporation Revises Earnings Guidance for the Year 2024 Tietoevry Corporation revised earnings guidance for the year 2024. For the year, the company expects its organic growth to be around -2% (revenue in 2023: EUR 2,851.4 million) against previous expectation of its organic growth to be in the range of 0%-3% (revenue in 2023: EUR 2,851.4 million). Annonce • Sep 21
TietoEVRY Oyj Announces Dividend Payment TietoEVRY Oyj announced that the Annual General Meeting held on 13 March 2024 decided on a total dividend of EUR 1.47 per share to be paid in two instalments. Upcoming Dividend • Sep 13
Upcoming dividend of €0.73 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 03 October 2024. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Annonce • Sep 03
Tietoevry Corporation Announces Management Changes Klaus Andersen, who has served as the CEO of Tietoevry Banking since February 2023, has concluded to pursue opportunities outside of Tietoevry. Following this, Endre Rangnes is appointed as the Managing Director of Tietoevry Banking effective 3 September 2024. Endre Rangnes has been a long-term member of Tietoevry’s Board of Directors, and he resigns from the Board member position upon this appointment. Endre Rangnes brings with him over two decades of experience from the technology sector, specifically from fintech businesses, including various CEO positions. Owing to his long contribution in the Tietoevry Board, Endre Rangnes has gained extensive insights into the company and the Banking business, enabling him to enter the position efficiently. As Managing Director, Tietoevry Banking, Endre Rangnes will become a member of the Group Executive Management team, reporting to CEO Kimmo Alkio. The Board of Directors of Tietoevry Corporation will continue with eight members elected by the Annual General Meeting and two Board members representing personnel. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: €0.24 (vs €0.21 in 2Q 2023) Second quarter 2024 results: EPS: €0.24 (up from €0.21 in 2Q 2023). Revenue: €715.0m (up 2.8% from 2Q 2023). Net income: €28.3m (up 12% from 2Q 2023). Profit margin: 4.0% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. Annonce • May 15
Tietoevry Corporation Appoints Cosimo De Carlo as Managing Director, Tietoevry Create, Effective 1 September 2024 Tietoevry Corporation announced Cosimo De Carlo is appointed as managing director of Tietoevry Create, effective 1 September 2024. Cosimo has over 20 years of experience in the engineering services industry, most recently starting from year 2018 as the CEO of EDAG Group, the independent engineering services provider to the automotive sector operating globally. Prior to EDAG Cosimo had a leadership position with Altran (today Capgemini Engineering) as Group Vice President Automotive with responsibility for leading the Automotive vertical globally alongside regional responsibility for Germany, Austria and the Czech Republic. Cosimo has further led several key acquisitions and worked with clients worldwide across many industries like Automotive and Aerospace. Cosimo holds master's degrees in computer science engineering and business engineering. As Managing Director, Tietoevry Create, Cosimo De Carlo will report to Tietoevry's CEO Kimmo Alkio and be a member of the Group Executive Management team. Cosimo is based in Munich, Germany. Harri Salomaa will continue as the acting Managing Director of Tietoevry Create until Cosimo enters his position. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: €0.32 (vs €0.41 in 1Q 2023) First quarter 2024 results: EPS: €0.32 (down from €0.41 in 1Q 2023). Revenue: €736.5m (down 1.0% from 1Q 2023). Net income: €38.3m (down 21% from 1Q 2023). Profit margin: 5.2% (down from 6.5% in 1Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 15
Dividend of €0.73 announced Shareholders will receive a dividend of €0.73. Ex-date: 20th September 2024 Payment date: 3rd October 2024 Dividend yield will be 7.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 31% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • Mar 07
Upcoming dividend of €0.73 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 03 April 2024. The company is paying out more than 100% of its profits and is paying out 94% of its cash flow. Trailing yield: 6.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.4%). Board Change • Feb 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Elisabetta Castiglioni was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €1.45 (vs €1.59 in FY 2022) Full year 2023 results: EPS: €1.45 (down from €1.59 in FY 2022). Revenue: €2.87b (down 1.9% from FY 2022). Net income: €172.2m (down 8.7% from FY 2022). Profit margin: 6.0% (down from 6.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Jan 09
TietoEVRY Oyj Announces Executive Changes Tietoevry Create, the digital engineering arm of Tietoevry, provides business advisory and design, data engineering and specialized software R&D services globally across a range of industry sectors. The business employs nearly 10 000 professionals worldwide. After altogether nine years in the company, Christian Pedersen, Managing Director of Tietoevry Create since the business started operations in 2022, has decided to pursue interests outside of Tietoevry. Following this, Harri Salomaa has been appointed as Acting Managing Director of Tietoevry Create effective 9 January 2024. Harri has been working at Tietoevry since 2020, most recently as Head of International Markets in Tietoevry Create, and prior to this as Head of Tietoevry’s global Product Development Services (PDS) business, merged to Tietoevry Create operations in 2022. As Head of PDS, Harri was also a member of the Group Leadership team in 2020–2021. As Acting Managing Director, Tietoevry Create, Harri Salomaa will report to Tietoevry CEO Kimmo Alkio and be a member of the Group Executive Management team. The company has initiated an international search for the permanent position to drive the global expansion opportunities of the business. New Risk • Oct 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by cash flows (445% cash payout ratio). Annonce • Oct 17
TietoEVRY Oyj Appoints Carsten Henke as Managing Director of Tietoevry Industry, Effective 1 November 2023 TietoEVRY Oyj announced Effective 1 November 2023, Carsten Henke is appointed as the Managing Director of Tietoevry Industry. Carsten Henke enters the role after working 28 years for Tietoevry, including various leadership roles, latest as the Head of Pulp, Paper & Fibre business unit within Tietoevry Industry. As Managing Director of Tietoevry Industry Carsten succeeds Ari Järvelä who will focus on his role as Managing Director of Tietoevry Care. The appointment is effective 1 November 2023. In his role as Managing Director, Tietoevry Industry, Carsten Henke will report to Kimmo Alkio and become a member of the Group Executive Management team. Annonce • Sep 19
TietoEVRY Oyj Revises Revenue Guidance for the Year 2023 TietoEVRY Oyj revised revenue guidance for the year 2023. For the year, the company now expects its organic growth to be approximately 4% (revenue in 2022: EUR 2,928.1 million). The company previously expects its organic growth to be 5% to 7%. Upcoming Dividend • Sep 15
Upcoming dividend of €0.72 per share at 6.4% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 05 October 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.2%). Annonce • Aug 27
Silchester International Investors LLP acquired additional 5.01% stake in TietoEVRY Oyj (HLSE:TIETO). Silchester International Investors LLP acquired additional 5.01% stake in TietoEVRY Oyj (HLSE:TIETO) on August 24, 2023. Following this transaction, Silchester's ownership in TietoEVRY has reached to 10.61%.
Silchester International Investors LLP completed the acquisition of additional 5.01% stake in TietoEVRY Oyj (HLSE:TIETO) on August 24, 2023. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.18 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (up from €0.18 in 2Q 2022). Revenue: €700.3m (down 5.2% from 2Q 2022). Net income: €25.3m (up 16% from 2Q 2022). Profit margin: 3.6% (up from 2.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: €0.41 (vs €0.28 in 1Q 2022) First quarter 2023 results: EPS: €0.41 (up from €0.28 in 1Q 2022). Revenue: €744.3m (up 1.8% from 1Q 2022). Net income: €48.5m (up 47% from 1Q 2022). Profit margin: 6.5% (up from 4.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • May 05
TietoEVRY Oyj Reaffirms Earnings Guidance for the Year 2023 TietoEVRY Oyj reaffirmed earnings guidance for the year 2023. The company expects its organic growth to be 5% to 7% (revenue in 2022: EUR 2,928.1 million). Buying Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be €36.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Board Change • Apr 02
High number of new directors Independent Director Elisabetta Castiglioni was the last director to join the board, commencing their role in 2023. Upcoming Dividend • Mar 17
Upcoming dividend of €0.72 per share at 5.2% yield Eligible shareholders must have bought the stock before 24 March 2023. Payment date: 05 April 2023. Payout ratio and cash payout ratio are on the higher end at 91% and 91% respectively. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 17
Full year 2022 earnings released Full year 2022 results: Net income: €188.6m (down 35% from FY 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Feb 16
Tietoevry Oyj Proposes Dividend for the Financial Year Ended December 31, 2022, Payable on 5 April 2023 and October 5, 2023 TietoEVRY Oyj announced that at its Annual General Meeting to be held on 23 March 2023, Board of Directors proposes to the AGM that, based on the balance sheet to be adopted for the financial year, which ended 31 December 2022, a dividend in the total amount of EUR 1.45 per share be paid from the distributable funds of the company in two instalments as follows: The first dividend instalment of EUR 0.725 per share shall be paid to shareholders who on the record date for the first dividend instalment on 27 March 2023 are registered in the shareholders’ register maintained by Euroclear Finland Oy or the registers maintained by Euroclear Sweden AB or Euronext Securities Oslo/Verdipapirsentralen ASA (VPS). The first dividend instalment shall be paid beginning from 5 April 2023 in accordance with the procedures applicable in Euroclear Finland, Euroclear Sweden and the VPS. The second dividend instalment of EUR 0.725 per share shall be paid to shareholders who on the record date for the second dividend instalment on 25 September 2023 are registered in the shareholders’ register maintained by Euroclear Finland Oy or the registers maintained by Euroclear Sweden AB or Euronext Securities Oslo/Verdipapirsentralen ASA (VPS). The second dividend instalment shall be paid beginning from 5 October 2023 in accordance with the procedures applicable to Euroclear Finland, Euroclear Sweden and the VPS. Dividends payable to Euroclear Sweden-registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish crowns. Dividends payable to VPS-registered shares will be forwarded by Nordea Bank Plc's branch in Norway and paid in Norwegian crowns. Annonce • Feb 15
TietoEVRY Oyj Provides Revenue Guidance for the Full Year 2023 TietoEVRY Oyj provides revenue guidance for the full year 2023. The company estimates its organic growth to be 5% to 7%. Annonce • Feb 14
TietoEVRY Oyj Appoints Satu Kiiskinen as Managing Director of the Combined Business Effective 1 April 2023 Tietoevry is conducting a strategic review of its Tietoevry Transform and Tietoevry Connect as a combined business, including a potential sale or listing as a spin-off. Satu Kiiskinen is appointed as Managing Director to lead the combined business and drive the strategic review. The combined business, to be called Tietoevry Tech Services, is planned to be operational during the second quarter of 2023. Tietoevry Tech Services will drive dedicated focus on managed services and transformation across applications, infrastructure and cloud. Satu Kiiskinen is currently Managing Director, Tietoevry Transform and has been with the company since 2013, having held executive roles in various business areas over the years. She will continue to be a member of the Tietoevry Group Executive Management Team and report to Kimmo Alkio, CEO of Tietoevry. Annonce • Feb 01
Tietoevry Corporation Announces Board Changes Tietoevry Corporation announced that Timo Ahopelto, Angela Mazza Teufer and Niko Pakalén have informed that they are not available for re-election. Annonce • Jan 18
Vela Software International Inc. signed an agreement to acquire Wood supply software business of Tietoevry from TietoEVRY Oyj (HLSE:TIETO). Vela Software International Inc. signed an agreement to acquire Wood supply software business of Tietoevry from TietoEVRY Oyj (HLSE:TIETO) on January 17, 2023. Tietoevry and Vela Software will now focus on ensuring a smooth transition for transferring the employees and customers at the time of closing The transaction is expected to close in January 2023. Annonce • Jan 12
Tietoevry Announces Management Changes Tietoevry announced the appointment of Klaus Andersen as the Chief Executive Officer (CEO) of Tietoevry Banking effective 1 February 2023. In this new role, Klaus Andersen will have the overall responsibility for the Banking business at Tietoevry, including driving a successful outcome for the ongoing strategic review. He has most recently, since 2019, served as the CEO of Basware. Prior to Basware, he held various leadership positions with global software companies in financial services at Itiviti and at SimCorp. The new CEO of Tietoevry Banking role will replace the role of Managing Director, Tietoevry Banking, currently held by Christian Segersven. The transition will take place in the coming months, and Segersven's future plans and role will be communicated in due course. In his role as CEO of Tietoevry Banking, Klaus Andersen will report to Kimmo Alkio, CEO of Tietoevry Group, and will become a member of the Group Executive Management Team. As the strategic review of Tietoevry Banking proceeds towards listing, its CEO will report to the business' external Board of Directors, which will be established at a later date. Annonce • Dec 02
Tietoevry Oyj Announces Change of A Personnel Deputy Member in the Board of Directors In addition to the members of the Board of Directors elected by the Annual General Meeting, the personnel of Tietoevry has a right to elect two members and two personal deputy members to the Board of Directors of the parent company. Sigve Sandvik Lærdal, a personnel deputy member of Tietoevry Corporation's Board of Directors, has decided to resign from the company and the Board of Directors. The company's personnel has elected Thomas Slettemoen as his successor for the remaining term of office that ends at the close of the next Annual General Meeting. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.50 (vs €0.41 in 3Q 2021) Third quarter 2022 results: EPS: €0.50 (up from €0.41 in 3Q 2021). Revenue: €697.4m (up 7.6% from 3Q 2021). Net income: €59.1m (up 23% from 3Q 2021). Profit margin: 8.5% (up from 7.4% in 3Q 2021). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Oct 20
TietoEVRY Oyj Revises Financial Guidance for 2022 TietoEVRY Oyj revised financial guidance for 2022. For the year, the company expected its organic growth to be 5% to 6% compared to previous guidance of 3% to 5%. Annonce • Sep 23
TietoEVRY Oyj Announces Payment of Second Dividend Installment TietoEVRY Oyj announced that at Annual General Meeting held on 24 March 2022 decided on a total dividend of EUR 1.40 per share to be paid in two instalments. From 23 September 2022, the shares in Tietoevry will be traded excluding the right to the second dividend instalment of EUR 0.70 per share. Upcoming Dividend • Sep 16
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 05 October 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: €0.18 (vs €0.99 in 2Q 2021) Second quarter 2022 results: EPS: €0.18 (down from €0.99 in 2Q 2021). Revenue: €743.6m (up 3.0% from 2Q 2021). Net income: €21.8m (down 82% from 2Q 2021). Profit margin: 2.9% (down from 16% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Jul 22
Tietoevry Corporation Revises Earnings Guidance for the Year 2022 Tietoevry Corporation revised earnings guidance for the year 2022. Following strong organic growth of 4.6% in the first half of 2022 and anticipated revenue development in the second half, the company upgrades its growth outlook for the year 2022. The company estimates its full-year organic growth to be 3% to 5% (previously 2% to 4%). Profitability outlook for 2022 remains unchanged. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: €0.28 (vs €0.31 in 1Q 2021) First quarter 2022 results: EPS: €0.28 (down from €0.31 in 1Q 2021). Revenue: €736.2m (up 3.5% from 1Q 2021). Net income: €32.9m (down 11% from 1Q 2021). Profit margin: 4.5% (down from 5.2% in 1Q 2021). Over the next year, revenue is forecast to grow 1.9%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • May 05
TietoEVRY Corporation Provides Earnings Guidance for the Year 2021 TietoEVRY Corporation provided earnings guidance for the year 2021. For the period, the company expects its organic growth to be 2% to 4% (revenue in 2021: EUR 2 823.4 million). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Angela Teufer was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 18
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 06 April 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.46 (up from €0.80 in FY 2020). Revenue: €2.82b (up 1.2% from FY 2020). Net income: €291.6m (up 209% from FY 2020). Profit margin: 10% (up from 3.4% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Feb 01
TietoEVRY Oyj Announces Leif Teksum Is Not Available for Re-Election At the Annual General Meeting of 2022 TietoEVRY Oyj announced that Leif Teksum has informed that he is not available for re-election at the Annual General Meeting of 2022. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS €0.41 (vs €0.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: €648.1m (flat on 3Q 2020). Net income: €48.1m (up 153% from 3Q 2020). Profit margin: 7.4% (up from 3.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 17
Upcoming dividend of €0.66 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 06 October 2021. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%).