Brief: Tietoevry Proposes Dividend Of EUR 1.47 Per Share

Tieto Oyj

15/02/2024 07:20

Feb 15 (Reuters) - Tietoevry Oyj  TIETO.HE :
    * INCREASED DIVIDEND OF EUR 1.47 (1.45) PER SHARE PROPOSED
    * EXPECTS ITS 2024 ORGANIC GROWTH TO BE IN RANGE OF 0-3%
(REVENUE
IN 2023: EUR 2 851.4 MILLION).
    * ESTIMATES ITS FULL-YEAR ADJUSTED OPERATING MARGIN2)
(ADJUSTED
EBITA3)) TO BE 12.0-13.0% (12.6% IN 2023)
    * IN Q4, OUR PERFORMANCE REMAINED RESILIENT IN A MIXED
MARKET.
    * GOOD UNDERLYING DEVELOPMENT IN SOFTWARE BUSINESSES
CONTINUED
WITH 4% ORGANIC GROWTH, CONTRIBUTING TO TOTAL GROWTH OF 1% FOR
GROUP
    * WEAKER DEMAND IMPACTED TIETOEVRY CREATE AND TECH SERVICES
    * EXPECT 2024 TO BE A TRANSFORMATIVE YEAR FOR OUR COMPANY
WITH
FINALIZATION OF TWO STRATEGIC REVIEWS
    * IN TERMS OF MARKET OUTLOOK FOR 2024, WE EXPECT CURRENT
WEAK
MACROECONOMIC CONDITIONS TO CONTINUE - DRIVING INDUSTRY-WIDE
CONSERVATIVE GROWTH RATES AND CONTINUED NEED FOR OPERATIONAL
RESILIENCE.
    * ONCE MACROECONOMY BECOMES HEALTHIER WE EXPECT TO SEE
BETTER
GROWTH RATES

Source text for Eikon:  ID:nObiLTDH3a 
Further company coverage:  TIETO.HE 

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