Brief: Tieto Lowers Outlook, Gives Preliminary Q2 Figures
BRIEF-Tieto Lowers Outlook, Gives Preliminary Q2 Figures July 17 (Reuters) - Tieto Oyj TIETO.HE:
TIETO LOWERS ITS FULL-YEAR 2026 ORGANIC GROWTH OUTLOOK, MAINTAINS ITS PROFITABILITY OUTLOOK AND PROVIDES PRELIMINARY SECOND-QUARTER FINANCIAL INFORMATION
LOWERS ITS FULL-YEAR 2026 ORGANIC GROWTH OUTLOOK PRIMARILY DUE TO WEAKER-THAN-EXPECTED MARKET DEMAND
DEMAND HAS SOFTENED FURTHER AS INCREASED GEOPOLITICAL UNCERTAINTY HAS LED CUSTOMERS TO POSTPONE INVESTMENT DECISIONS AND TRANSFORMATION PROGRAMMES
EXPECTS ITS ORGANIC GROWTH FOR 2026 TO BE BETWEEN -5% AND -3% (PREVIOUSLY -2% TO 0%)
MAINTAINS ITS PROFITABILITY OUTLOOK FOR 2026
CONTINUES TO EXPECT AN ADJUSTED OPERATING MARGIN (ADJUSTED EBITA) OF 14.8-15.8% FOR 2026
PRELIM Q2 REVENUE EUR 426.6 (463.1) MILLION
PRELIMINARY Q2 2026 ADJUSTED OPERATING PROFIT EUR 63.4 MILLION
Source text: ID:nWkrBMZlN
Further company coverage: TIETO.HE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Tieto Oyj
See all newsBrief: Tieto Caretech Delivers Lifecare EHR In Central Finland
Brief: Traficom Selects Tieto As Data, Analytics Services Partner
Brief: Nbx Selects Tieto Banktech To Support Digital, Physical Payment Cards For Stablecoin Users
Brief: Tieto And GN Expand Collaboration Into Global Software Engineering Partnership
Brief: Tieto Banktech Card Suite Platform Supports XONO SOFT