TietoEVRY Oyj Full Year 2024 Earnings: €0.53 loss per share (vs €1.46 profit in FY 2023)

TietoEVRY Oyj (HEL:TIETO) Full Year 2024 Results

Key Financial Results

• Revenue: €2.80b (down 1.7% from FY 2023).
• Net loss: €62.8m (down by 137% from €172.2m profit in FY 2023).
• €0.53 loss per share (down from €1.46 profit in FY 2023).

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

TietoEVRY Oyj Earnings Insights

The primary driver behind last 12 months revenue was the Tietoevry Tech Services segment contributing a total revenue of €1.00b (36% of total revenue). Notably, cost of sales worth €2.10b amounted to 75% of total revenue thereby underscoring the impact on earnings.Explore how TIETO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland.

Performance of the Finnish IT industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with TietoEVRY Oyj.

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