FilingReader Intelligence
Tietoevry posts 4% organic decline, €80m impairment
July 22, 2025 at 06:09 AM UTC•By FilingReader AI
Tietoevry reported 4% organic growth decline in Q2 2025 and 9.4% profitability, including €80m non-cash impairment mainly for its Banking Platform in Norway.
The company is targeting €115m in run-rate savings by end-2026. Order backlog increased 14% year-on-year despite soft IT market conditions.
Endre Rangnes was appointed president and chief executive.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:TIETO•Oslo Stock Exchange
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