Tietoevry's Half-Year Report 2025: Challenging quarter – actions for rapid step change in execution and performance initiated

Tietoevry Corporation  HALF-YEAR REPORT 22 July 2025, 9:00 a.m. (EEST)   · Soft market conditions continued – organic growth of -4% · Profitability of 9.4% includes 1.3 pp negative impact of IFRS 5-related temporary cost burden · Driving a rapid step change in execution and performance – actions aiming for EUR 115 million run-rate savings by the end of 2026 · Non-cash impairment of EUR 80 million related to capitalized development costs mainly for the Banking Platform in Norway · Endre Rangnes appointed as President and CEO of Tietoevry – new leadership team to focus on