TietoEVRY Oyj

OB:TIETO Stock Report

Market Cap: NOK 23.5b

TietoEVRY Oyj Management

Management criteria checks 1/4

TietoEVRY Oyj's CEO is Kimmo Alkio, appointed in Nov 2011, has a tenure of 13.08 years. total yearly compensation is €3.63M, comprised of 23.4% salary and 76.6% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth NOK25.28M. The average tenure of the management team and the board of directors is 5.8 years and 1.8 years respectively.

Key information

Kimmo Alkio

Chief executive officer

€3.6m

Total compensation

CEO salary percentage23.4%
CEO tenure13.1yrs
CEO ownership0.1%
Management average tenure5.8yrs
Board average tenure1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kimmo Alkio's remuneration changed compared to TietoEVRY Oyj's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€160m

Jun 30 2024n/an/a

€165m

Mar 31 2024n/an/a

€162m

Dec 31 2023€4m€850k

€172m

Sep 30 2023n/an/a

€192m

Jun 30 2023n/an/a

€208m

Mar 31 2023n/an/a

€204m

Dec 31 2022€2m€825k

€189m

Sep 30 2022n/an/a

€203m

Jun 30 2022n/an/a

€192m

Mar 31 2022n/an/a

€288m

Dec 31 2021€2m€807k

€292m

Sep 30 2021n/an/a

€257m

Jun 30 2021n/an/a

€228m

Mar 31 2021n/an/a

€96m

Dec 31 2020€3m€777k

€95m

Sep 30 2020n/an/a

€52m

Jun 30 2020n/an/a

€55m

Mar 31 2020n/an/a

€87m

Dec 31 2019€5m€702k

€79m

Sep 30 2019n/an/a

€103m

Jun 30 2019n/an/a

€114m

Mar 31 2019n/an/a

€120m

Dec 31 2018€2m€638k

€123m

Sep 30 2018n/an/a

€124m

Jun 30 2018n/an/a

€126m

Mar 31 2018n/an/a

€122m

Dec 31 2017€2m€600k

€108m

Compensation vs Market: Kimmo's total compensation ($USD3.78M) is above average for companies of similar size in the Norwegian market ($USD796.08K).

Compensation vs Earnings: Kimmo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Kimmo Alkio (61 yo)

13.1yrs

Tenure

€3,631,462

Compensation

Mr. Kimmo Alkio, BBA, MBA has been the Chief Executive Officer and President of TietoEVRY Oyj (formerly known as Tieto Oyj) since November 1, 2011. Mr. Alkio has been the President and Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Kimmo Alkio
CEO & President13.1yrs€3.63m0.11%
NOK 25.3m
Endre Rangnes
Managing Director of Tietoevry Bankingless than a year€82.90k0.0075%
NOK 1.8m
Tomi Hyrylainen
Chief Financial Officer5.8yrsno data0.019%
NOK 4.5m
Tommi Jarvenpaa
Head of Investor Relationsno datano datano data
Jussi Tokola
General Counselno datano datano data
Trond Vinje
Head of HRno datano data0.032%
NOK 7.6m
Tanja Lounevirta
Head of Financial Communicationsno datano datano data
Satu Kiiskinen
Managing Director of Tietoevry Tech Servicesno datano data0.025%
NOK 5.9m
Päivi Huuhtanen
Head of Stakeholder Relationsno datano datano data
Johan Hoglund
VP, Head of Heathcareno datano datano data
Cristina Petrescu
Executive Vice President of Publicno datano datano data
Esa Hyttinen
Deputy General Counsel and Head of Corporate Governance & IPRno datano datano data

5.8yrs

Average Tenure

56yo

Average Age

Experienced Management: TIETO's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tomas Franzen
Independent Chairman of the Board5.8yrs€173.00k0.011%
NOK 2.7m
Harri-Pekka Kaukonen
Non-Executive Independent Deputy Chairperson8.8yrs€106.40k0.0097%
NOK 2.3m
Liselotte Engstam
Non-Executive Independent Director6.8yrs€77.30k0.0040%
NOK 930.4k
Anders Palklint
Director1.8yrs€15.00kno data
Ilpo Waljus
Deputy Directorless than a year€7.50kno data
Elisabetta Castiglioni
Independent Director1.8yrs€74.90k0.00050%
NOK 117.5k
Bertil Carlsen
Independent Director1.8yrs€75.70k0.0010%
NOK 237.3k
Tommy Aldrin
Deputy Directorless than a year€15.00kno data
Petter Söderström
Independent Director1.8yrs€81.30k0.0014%
NOK 336.0k
Katharina Mosheim
Independent Director4.7yrs€77.30k0.0020%
NOK 467.6k
Gustav Moss
Independent Director1.8yrs€81.30k0.0010%
NOK 237.3k
Thomas Slettemoen
Directorless than a year€7.50kno data

1.8yrs

Average Tenure

58yo

Average Age

Experienced Board: TIETO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 22:26
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TietoEVRY Oyj is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karl BerglundABG Sundal Collier
Raimo LenschowBarclays
Andrew GardinerBarclays