Tietoevry set for worst day in nearly 15 yrs after Q4 earnings miss

Tieto Oyj

14/02/2025 08:23

** Shares in Tietoevry  TIETO.HE  fall around 9% after the
Finnish IT services firm reported adjusted EBITA of EUR 89.3
million in Q4, missing Vara consensus by around 6%
    ** OP analyst Kimmo Stenvall notes that revenues came down
in every business area, which the company explains by weak
demand
    ** Stenvall also says the outlook for -3% to +1% organic
growth and 12-13% operating margin in 2025 is "soft", given the
continued market challenges 
    ** Tietoevry shares are at the bottom of STOXX 600  .STOXX 
index; if losses hold they will see their worst day since April
2010

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))