Tieto: new comparison figures based on business transfers
Tieto Corporation STOCK EXCHANGE RELEASE 20 June 2018, 9.00 EET
Tieto has implemented internal business transfers that help the company capture consulting-driven market opportunities as well as further drive customer value. As from 1 April, business transfers from Technology Services and Modernization to Business Consulting and Implementation include enterprise application-related business for cloud-born applications, integration consulting and Value Networks as a related solution. Annual sales of the transferred businesses amount to around EUR 37 million. In addition, Tieto's Financial Digital Channels business (previously part of the Industry Solutions service line), with sales of EUR 11 million, was transferred to Business Consulting and Implementation on 1 May. Other business transfers are smaller in size.
The business transfers will be included in the second-quarter interim report for 2018 to be published on 20 July. The restated comparison figures are provided in the attachment and the figures are also available in Excel format at www.tieto.com/Investors.
For further information, please contact:
Tanja Lounevirta, Head of Investor Relations, tel. +358 50 321 7510, tanja.lounevirta (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 14 000 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