Tietoevry narrows growth outlook, raises profit forecast

Tietoevry updated its full-year 2025 outlook, revising its organic growth expectations to a range of -2% to 0%, a narrower forecast compared to the previous -2% to +1%. This adjustment follows an assessment of overall market development, the financial outlook of its businesses, and the impact of the Tech Services divestment.

Despite the tightened growth projection, the company increased its profitability forecast. Tietoevry now expects its full-year adjusted operating margin (EBITA) to be between 12.7-13.3%, up from the previous range of 12.0-13.0%. This updated profitability outlook includes a negative impact of approximately 1.1 percentage points on the adjusted operating margin related to IFRS 5 for the Tech Services divestment.

The revised outlook also considers the financial impact of a court ruling with Sparebank1 Utvikling, resulting in fixed fee increases of approximately €24.5 million in Q3 and €2.2 million in Q4. Tietoevry will publish its third-quarter interim report on October 23.