TietoEVRY Oyj Third Quarter 2024 Earnings: In Line With Expectations

TietoEVRY Oyj (HEL:TIETO) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: €0.32 (down from €0.37 in 3Q 2023).

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

TietoEVRY Oyj Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 1.9% 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 shares are up 7.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for TietoEVRY Oyj you should know about.

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