TietoEVRY Oyj First Quarter 2024 Earnings: EPS: €0.32 (vs €0.41 in 1Q 2023)

Simply Wall St

April 26, 2024

TietoEVRY Oyj (HEL:TIETO) First Quarter 2024 Results

Key Financial Results

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).
EPS: €0.32 (down from €0.41 in 1Q 2023).

earnings-and-revenue-growth — HLSE:TIETO Earnings and Revenue Growth April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

TietoEVRY Oyj Earnings Insights

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the IT industry in Finland.

Performance of the Finnish IT industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with TietoEVRY Oyj (including 1 which is a bit unpleasant).

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Find out whether TietoEVRY Oyj is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.