29 November 2018
Tieto Corporation PRESS RELEASE 29.11.2018 at 10.00 EET
Tieto is holding its Capital Market Day in Espoo, Finland today. At the event, the company will provide insights into the dynamic data-driven market and good progress in the execution of its strategy.
Since the strategy launch 2016, Tieto has well addressed the data-driven opportunities and has accelerated its investments in new services and capabilities. In their presentations, Tieto leaders will discuss the respective businesses, opportunities, progress in ongoing renewal and future outlook.
“Data-driven society continues to inspire all of us with attractive opportunities. As Tieto we have made the choices and investments to support our customers in their renewal. In addition to consistent performance, our investment focus is continuously shifting towards Design, Data, Software and Cloud. This forms a solid foundation to continue to increase shareholder value,” says Kimmo Alkio, President and CEO.
Tieto reiterates its long-term financial objectives. Tieto aims to achieve IT services revenue growth faster than the market and a reported operating margin (EBIT) of 10%. Since the launch of the company’s strategy, revenue growth has accelerated to around 4% and operating profit has continued to improve.
Tieto Capital Market Day will be webcasted with a live stream. A link to the webcast and the material for the event are available at www.tieto.com/investors. On-demand videos will be available on 30 November.
For further information, please contact:
Tanja Lounevirta, Head of IR, tel. +358 50 321 7510, firstname.lastname (at) tieto.com
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems.
Headquartered in Finland, Tieto has over 15 000 experts in close to 20 countries. Tieto’s turnover is approximately EUR 1.5 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com