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Research

Tietoevry: Evidence of growth increases confidence

By Joni GrönqvistAnalyst
Tietoevry
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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%).

Tietoevry operates in the IT sector. The company offers a range of software and cloud-based solutions, with the greatest specialist expertise in SaaS solutions. Competence is found in business processes, application services, infrastructure solutions, and front-end solutions. Customers are found in several markets on a global level. The company was formed in 2019 through a merger of Tieto and EVRY. The headquarters are located in Helsinki.

Read more on company page

Key Estimate Figures2022-05-05

202122e23e
Revenue2,823.32,899.32,984.4
growth-%1.3 %2.7 %2.9 %
EBIT (adj.)367.7383.0408.5
EBIT-% (adj.)13.0 %13.2 %13.7 %
EPS (adj.)2.202.412.63
Dividend1.401.401.50
Dividend %5.1 %7.7 %8.3 %
P/E (adj.)12.57.56.9
EV/EBITDA6.76.15.0

Forum discussions

Napkin math shows that this will be billed at a commendable hourly rate of €114.3 with the estimated budget and duration. That’s not how it’...
yesterday
by exai_
10
News Powered by Cision Tieto Tech Consulting valittiin Traficomin laadunvarmistus- ja... Liikenne- ja viestintävirasto Traficom on valinnut ...
yesterday
by Cadel
33
This time, Tieto seems to have received a reasonable price for the acquisition. My confidence improved enough that I still believe in a dividend...
12/6/2025, 8:22 AM
8
If Tieto announces in a press release (not a stock exchange release) that it has sold a company with a turnover of NOK 1,056 (less than 90 euros...
12/5/2025, 10:45 PM
by kimsku
6
This is being monitored by #Inders, but no analysis of the deal has been done by Inders ???
12/5/2025, 3:38 PM
by jukande
7
Reducing debt means that financing costs will decrease, so O’Sinkko will rise even with that measure + a portion of the sales proceeds purely...
12/1/2025, 11:25 AM
by Dissidentti
17
News Powered by Cision Tieto myy norjalaisen Bekk Consulting AS:n pääomasijoitusyhtiö Axcelille Tietoevry Oyj LEHDISTÖTIEDOTE 1.12.2025 klo ...
12/1/2025, 6:50 AM
by Cadel
29
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