In Q1, revenue growth strengthened despite the strong headwinds and result rows remained slightly below market expectations. A particularly positive highlight was the strong organic growth. Overall, historically efficient strategy implementation, good transparency in operations and plans, and predictable execution lower Tietoevry's risk profile. We expect stable earnings growth through strengthened revenue growth and profitability and good dividend yield for the coming years. The valuation picture of the share is still very attractive from several angles (2022e adj. P/E 9x with dividend yield > 6%).
Trade. (Tietoevry)
Tietoevry is active in the IT sector. The company offers a range of software and cloud-based solutions, with the greatest specialist expertise in SaaS solutions. Expertise is found in business processes, application services, infrastructure solutions, and front-end solutions. Customers are found in a number of markets on a global level. The company was created in 2019 via a merger of Tieto and EVRY. The head office is located in Helsinki.