Tietoevry organized a Capital Markets Day (CMD) in Stockholm yesterday, which can be watched here. The theme of the day was “Accelerating value creation”. The presentations provided insights into the company’s strategy execution, business portfolio priorities and new uplifted financial ambitions. In addition, the logic and timetable for activities to be separated were discussed. The CMD increased confidence in the company's growth and we raised our estimates slightly.

Tietoevry Corporation     INSIDE INFORMATION    30 November 2022, 08:00 a.m. EET

Tietoevry aims to unlock value by separating its managed services and transformation businesses (Tietoevry Transform and Tietoevry Connect) and software and digital engineering businesses (Tietoevry Create, Tietoevry Banking, Tietoevry Care and Tietoevry Industry). Tietoevry is initiating a process to evaluate strategic opportunities for the combined Tietoevry Transform and Tietoevry Connect businesses including a potential sale or listing as a spin-off.

Tietoevryn Q3:n iso kuva ennakkotietojen osalta tiedossa ja orgaaninen kasvu oli hyvin vahvaa, kun kannattavuus oli hieman pehmeä. Yhtiö muutti ohjeistustaan myös viime viikolla, mikä indikoi parempaa kasvua hieman matalammalla kannattavuudella.

Tietoevry Corporation               INSIDE INFORMATION             20 October 2022, 8:00 a.m. EEST

Tietoevry demonstrated strong financial performance in the third quarter with organic growth of 8% and adjusted operating margin (EBITA) of 14.2%. Favorable revenue development was driven by strong performance in cloud native and software businesses, specifically in Tietoevry Create, Tietoevry Banking and Tietoevry Care. Due to current performance coupled with future outlook in these businesses, Tietoevry updates its organic growth outlook to 5-6% (previous 3-5%) for the year.