Information for existing and potential investors

Outlook published on 12 February
 

Tieto expects its organic1) growth to be in the range of -2% to 0% (revenue in 2025: EUR 1 852.3 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 14.8–15.8% (13.8% in 2025).

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
3) Profit before interests, taxes, amortization of acquisition-related intangible assets, goodwill and other intangible asset impairment
4) Company estimate
5) Cash flows combine the continuing and the discontinued operations; balance sheet comparative information not restated.

Outlook published on 20 November

Tietoevry expects its organic 1) growth to be in the range of -2% to -1% (revenue in 2024: EUR 1 879.5 million). The company estimates its full-year adjusted operating margin 2) (adjusted EBITA3)) to be 13.3–13.8% (12.0% in 2024).

The profitability outlook includes a negative impact of approximately 1.0 percentage points on the adjusted operating margin (EBITA) related to IFRS 5 for Tech Services divestment. The impact comprises the costs that the company was not able to allocate to discontinued operations until the divestment closing on 2 September, and transition services income after that date.

1) Adjusted for currency effects, acquisitions and divestments.

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 23 October

Tietoevry expects its organic1) growth to be in the range of -2% to 0% (revenue in 2024: EUR 1 879.5 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.7–13.3% (12.0% in 2024).

The profitability outlook includes a negative IFRS 5-related impact of approximately 1.1 percentage points on the adjusted operating margin (EBITA) due to the Tech Services divestment. The impact comprises the costs that the company was not able to allocate to discontinued operations prior to the closing of the divestment on 2 September, and transition services income after that date.

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
3) Profit before interests, taxes, amortization of acquisition-related intangible assets, goodwill and other intangible asset impairment
4) Company estimate
5) Cash flows combine the continuing and the discontinued operations; balance sheet comparative information not restated.

Outlook published on 15 September

Tietoevry expects its organic1) growth to be in the range of -2% to 0% (revenue in 2024: EUR 1 879.5 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.7-13.3% (12.0% in 2024).

The profitability outlook includes a negative impact of approximately 1.1 percentage points on the adjusted operating margin (EBITA) related to IFRS 5 for Tech Services divestment. The impact comprises the costs that the company was not able to allocate to discontinued operations until the divestment closing on 2 September, and transition services income after that date.

1) Adjusted for currency effects, acquisitions and divestments.

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 22 July

Tietoevry expects its organic1) growth to be in the range of -2% to +1% (revenue in 2024: EUR 1 879.5 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.0–13.0% (12.0% in 2024).

The profitability outlook assumes a negative impact of approx. 1.1 percentage points on the adjusted operating margin (EBITA) related to IFRS 5. The impact includes an estimate of the costs that cannot be allocated to continuing operations and transition services income after the closing of the divestment of Tietoevry Tech Services.

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
3) Profit before interests, taxes, amortization of acquisition-related intangible assets, goodwill and other intangible asset impairment
4) Company estimate

Outlook published on  29 April

Tietoevry expects its organic1) growth to be in the range of -2% to +1% (revenue in 2024: EUR 1 879.5 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.0–13.0% (12.0% in 2024).

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes, amortization of acquisition-related intangible assets and goodwill impairment.

Outlook published on 14 February

Tietoevry expects its organic1) growth to be in the range of -3% to +1% (revenue in 2024: EUR 2 802.6 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.0–13.0% (12.3% in 2024).

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes, amortization of acquisition-related intangible assets and goodwill impairment.

Outlook published on 24 October

Tietoevry expects its organic1) growth to be around -2% (revenue in 2023: EUR 2 851.4 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.3–12.7% (12.6% in 2023).

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 23 July

Tietoevry expects its organic1) growth to be in the range of 0–3% (revenue in 2023: EUR 2 851.4 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3)) to be 12.0–13.0% (12.6% in 2023).

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 25 April

Tietoevry expects its organic1) growth to be in the range of 0–3% (revenue in 2023: EUR 2 851.4 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3) to be 12.0–13.0% (12.6% in 2023)

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 15 February

Tietoevry expects its organic1) growth to be in the range of 0–3% (revenue in 2023: EUR 2 851.4 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3) to be 12.0–13.0% (12.6% in 2023)

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 26 October
Tietoevry expects its organic1) growth to be approximately 4% (revenue in 2022: EUR 2 928.1 million).

The company estimates its full-year adjusted operating margin2) (adjusted EBITA3) to be 12.6–13.0% (13.0% in 2022)

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 19 September

Tietoevry expects its organic1) growth to be approximately 4% (revenue in 2022: EUR 2 928.1 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA3) to be 12.6-13.0%. (13.0% in 2022).

1) Adjusted for currency effects, acquisitions and divestments.

2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

3) Profit before interests, taxes and amortization of acquisition-related intangible assets

Outlook published on 21 July

Tietoevry expects its organic1) growth to be 5% to 7% (revenue in 2022: EUR 2 928.1 million).
The company estimates its full-year adjusted operating margin2) (adjusted EBITA3) to be 13.0–13.5% (13.0% in 2022)

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and
other items affecting comparability
4) Profit before interests, taxes and amortization of acquisition-related intangible assets
5) Adjusted for the impact of exchange rates and divestments
6) The amount to be invoiced in the remaining part of 2023, adjusted for the impact of exchange rates and divestments.

Outlook published on 4 May

Tietoevry expects its organic1) growth to be 5% to 7% (revenue in 2022: EUR 2 928.1 million).
The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.0–13.5% (13.0% in 2022).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Outlook published on 17 February

Tietoevry expects its organic1) growth to be 5% to 7% (revenue in 2022: EUR 2 928.1 million).
The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.0–13.5% (13.0% in 2022).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and
other items affecting comparability.

Outlook published on 27 October 2022

Tietoevry expects its organic1) growth to be 5% to 6% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 12.8-13.1% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.
Outlook published on 20 October 2022

Revised outlook for 2022:

Tietoevry expects its organic1) growth to be 5% to 6% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 12.8-13.1% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Outlook published on 22 July 2022

Tietoevry expects its oorganic1) growth to be 3% to 5% (revenue in 2021: EUR 2 823.4 million). Previously, the company estimated its growth to be 2% to 4%. The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Tietoevry upgrades its full-year growth outlook for 2022 on 22 July 2022

Following strong organic1) growth of 4.6% in the first half of 2022 and anticipated revenue development in the second half, Tietoevry upgrades its growth outlook for the year. The company estimates its full-year organic1) growth to be 3% to 5% (previously 2% to 4%). Profitability outlook for 2022 remains unchanged.

Revised outlook for 2022:

Tietoevry expects its organic1) growth to be 3% to 5% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Outlook published on 5 May 2022

Tietoevry expects its organic1) growth to be 2% to 4% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Outlook published on 17 February 2022

Tietoevry expects its organic1) growth to be 2% to 4% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin2) (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

Outlook published on 26 October 2021

Tietoevry expects its organic1) growth to be -1% to +2%2) (revenue in 2020: EUR 2 786.4 million). The company estimates its full-year adjusted operating margin (adjusted EBITA)3) to increase to 13–14% (12.7% in 2020).

1) Adjusted for currency effects, acquisitions and divestments
2) High dependency on the Covid-19 pandemic development. Assuming normal business environment from the third quarter of 2021.
3) Adjusted EBITA is fully comparable with the previous definition of adjusted EBIT. According to both definitions, amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, impairment charges and other items affecting comparability are excluded – whereas amortization of other intangible assets is included.

Outlook published on 20 July 2021

Tietoevry expects its organic1) growth to be -1% to +2%2) (revenue in 2020: EUR 2 786.4 million). The company estimates its full-year adjusted operating margin (adjusted EBITA)3) to increase to 13–14% (12.7% in 2020).

1) Adjusted for currency effects, acquisitions and divestments
2) High dependency on the Covid-19 pandemic development. Assuming normal business environment from the third quarter of 2021.
3) Adjusted EBITA is fully comparable with the previous definition of adjusted EBIT. According to both definitions, amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, impairment charges and other items affecting comparability are excluded – whereas amortization of other intangible assets is included.

Outlook published on 29 April 2021

Tietoevry expects its organic1) growth to be -1% to +2%2) (revenue in 2020: EUR 2 786.4 million). The company estimates its full-year adjusted operating margin (adjusted EBITA)3) to increase to 13–14% (12.7% in 2020).

1) Adjusted for currency effects, acquisitions and divestments
2) High dependency on the Covid-19 pandemic development. Assuming normal business environment from the third quarter of 2021.
3) Adjusted EBITA is fully comparable with the previous definition of adjusted EBIT. According to both definitions, amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, impairment charges and other items affecting comparability are excluded – whereas amortization of other intangible assets is included.

Outlook published on 17 February 2021

Tietoevry expects its organic1) growth to be -1% to +2%2) (revenue in 2020: EUR 2 786.4 million). The company estimates its full-year adjusted operating margin (adjusted EBITA)3) to increase to 13–14% (12.7% in 2020).

1) Adjusted for currency effects, acquisitions and divestments
2) High dependency on the Covid-19 pandemic development. Assuming normal business environment from the third quarter of 2021.
3) Adjusted EBITA is fully comparable with the previous definition of adjusted EBIT. According to both definitions, amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, impairment charges and other items affecting comparability are excluded – whereas amortization of other intangible assets is included.