Tietoevry reports early margin recovery with ongoing transformation

Tietoevry reported Q3 2025 revenue of €454.2m, an organic growth of 4% year-on-year. This growth was largely influenced by €21.9m in revenue from a court ruling in Tietoevry Banking; excluding this, organic growth was -1%. Adjusted operating profit (EBITA) reached €87.8m (19.3% margin), up from €55.9m (12.8% margin) in Q3 2024, reflecting improved profitability across all businesses due to cost optimization. Tietoevry Care and Industry segments returned to growth, while Tietoevry Create faced challenging market conditions.

The successful divestment of Tietoevry Tech Services on September 2, 2025, has allowed the company to focus on strategic priorities: customer first, growth, and a lean cost structure. Cost optimization programs are on track to achieve €115m in run-rate savings by the end of 2026, with €75m already achieved by Q3 2025. The company's full-year 2025 outlook anticipates organic growth between -2% and 0%, and an adjusted operating margin (EBITA) of 12.7-13.3%.

Notable contracts during the quarter include a next-generation automotive audio platform for a European Tier 1 supplier, a strategic agreement to co-develop Catalonia's Open Health Platform, and entry into the German ATM market with IC Cash Services. Tietoevry Banking also completed a major IT transformation for SpareBank1 Sør-Norge.