Tietoevry upgrades its full-year growth outlook for 2022

Tietoevry Corporation            INSIDE INFORMATION           22 July 2022, 8:00 a.m. EEST

Following strong organic¹⁾ growth of 4.6% in the first half of 2022 and anticipated revenue development in the second half, Tietoevry upgrades its growth outlook for the year. The company estimates its full-year organic¹⁾ growth to be 3% to 5% (previously 2% to 4%). Profitability outlook for 2022 remains unchanged.

Revised outlook for 2022:
Tietoevry expects its organic¹⁾ growth to be 3% to 5% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin²⁾ (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

Previous outlook for 2022:
Tietoevry expects its organic¹⁾ growth to be 2% to 4% (revenue in 2021: EUR 2 823.4 million). The company estimates its full-year adjusted operating margin²⁾ (adjusted EBITA) to be 13.1–13.6% (13.0% in 2021).

¹⁾ Adjusted for currency effects, acquisitions and divestments.
²⁾ Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability.

For further information, please contact:

Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen (at) tietoevry.com
Tanja Lounevirta, Head of Financial Communications, tel. +358 50 321 7510, tanja.lounevirta (at) tietoevry.com

Tietoevry Corporation

DISTRIBUTION

NASDAQ Helsinki
NASDAQ Stockholm
Oslo Børs
Principal Media

Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive. 

Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchangein Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com