TietoEvry

Tieto is an IT services company in the Nordics providing full lifecycle IT services. The reportable operating segments in service line dimension are Managed Services, which is an IT infrastructure and cloud provider that provides enterprise platform services and end user solutions; Consulting and System Integration, which provides consulting and system integration services, application management and transformation consulting; Industry Products, which provides industry-specific software products and productized solutions; and Product Development Services, which provides services in the field of communications and embedded technologies for a global customer base.
  • TickerTIETO
  • ISINFI0009000277
  • ExchangeNasdaq Nordic Helsinki
  • SectorSoftware & Computer Services
  • CountryFinland
Christoffer Wang Bjørnsen ...
  • Jimi Lehtonen
  • Jørgen Lian
  • Martin Arnell
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Christoffer Wang Bjørnsen

TietoEVRY (Buy, TP: EUR31.00) - Becoming difficult to ignore

On the back of a lacklustre share price reaction to what we see as a positive Q2 report, we reiterate our BUY as we expect continued solid merger execution to bear fruit. We have raised our target price to EUR31 (28) on higher estimates.

Charles Lepetitpas ...
  • Nicolas David

TietoEVRY : TietoEVRY proves its resilience and benefits from merger synergies

>Q2 2020 results well ahead of expectations in terms of non-IFRS figures - On Friday, 24 July, before the market open, TietoEVRY reported Q2 2020 revenues of € 686m, up -1.0% y-o-y (vs ODDO BHF: -4.0% estimated y-o-y org., no consensus), reflecting a limited deceleration vs Q1 2020 (+3.3% y-o-y org) with an estimated COVID-19 impact of -2pts. TietoEVRY’s resilience is linked to a favourable sector mix (strong exposure to the public and banking sectors, which held up w...

Charles Lepetitpas ...
  • Nicolas David

TietoEVRY : TietoEVRY prouve sa résilience et bénéficie des synergies de fusion

>Résultats T2 2020 nettement supérieurs aux attentes en non-IFRS - TietoEVRY a publié vendredi avant Bourse un CA T2 2020 de 686 M€ en croissance organique de -1.0% y/y (vs ODDO BHF : -4.0%e y/y org,), marquant une décélération limitée par rapport au T1 2020 (+3.3% y/y org) avec un impact du COVID-19 estimé à -2 pt. Cette résilience de TietoEVRY est liée à la fois à un mix sectoriel favorable (forte exposition au Secteur Public et Bancaire qui ont bien résisté), un mi...

Louis Boujard, CFA ...
  • Philippe Ourpatian
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 27/07/2020

Après des années de prévisions haussières de l’€/$ non réalisées, l’euro connait enfin une trajectoire ascendante. Ce changement de cap reflète une évolution radicale de la perception du risque politique associé à l’Union européenne. Le point de départ de la hausse (17 mai) correspond d’ailleurs à l’annonce franco-allemande du projet de plan de relance. L’accord européen du 21 juillet pour engager son processus de mise en œuvre milite, dans un contexte de redressement des PMI, pour le...

Christoffer Wang Bjørnsen

TietoEVRY (Buy, TP: EUR31.00) - Becoming difficult to ignore

On the back of a lacklustre share price reaction to what we see as a positive Q2 report, we reiterate our BUY as we expect continued solid merger execution to bear fruit. We have raised our target price to EUR31 (28) on higher estimates.

Charles Lepetitpas ...
  • Nicolas David

TietoEVRY : TietoEVRY proves its resilience and benefits from merger synergies

>Q2 2020 results well ahead of expectations in terms of non-IFRS figures - On Friday, 24 July, before the market open, TietoEVRY reported Q2 2020 revenues of € 686m, up -1.0% y-o-y (vs ODDO BHF: -4.0% estimated y-o-y org., no consensus), reflecting a limited deceleration vs Q1 2020 (+3.3% y-o-y org) with an estimated COVID-19 impact of -2pts. TietoEVRY’s resilience is linked to a favourable sector mix (strong exposure to the public and banking sectors, which held up w...

Charles Lepetitpas ...
  • Nicolas David

TietoEVRY : TietoEVRY prouve sa résilience et bénéficie des synergies de fusion

>Résultats T2 2020 nettement supérieurs aux attentes en non-IFRS - TietoEVRY a publié vendredi avant Bourse un CA T2 2020 de 686 M€ en croissance organique de -1.0% y/y (vs ODDO BHF : -4.0%e y/y org,), marquant une décélération limitée par rapport au T1 2020 (+3.3% y/y org) avec un impact du COVID-19 estimé à -2 pt. Cette résilience de TietoEVRY est liée à la fois à un mix sectoriel favorable (forte exposition au Secteur Public et Bancaire qui ont bien résisté), un mi...

Aksel Øverland Engebakken ...
  • Daniel Thorsson
  • Erik Moberg
  • Olof Cederholm
  • Peter Kurt Nielsen

Talking Points - Hexagon (Hold): Great mix behind y-o-y margin expansion

Kindred Group plc (Buy) Post-results: Making strides in the US Limited earnings revisions, FX a slight headwind Maintain HOLD, valuation limits our enthusiasm

Aksel Øverland Engebakken ...
  • Eirik Thune Øritsland
  • Øystein Elton Lodgaard

TietoEVRY - Synergy realisation ahead of schedule

Adj. EBIT 44% above cons, but significant one-offs blur Lifts merger synergy target - ’21-‘22e adj. EBIT up 6-7% Still upside to synergy target - BUY, TP EUR 32.5 (36)

Christoffer Wang Bjørnsen ...
  • Jimi Lehtonen
  • Jørgen Lian
  • Martin Arnell
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Louis Boujard, CFA ...
  • Philippe Ourpatian
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 27/07/2020

Après des années de prévisions haussières de l’€/$ non réalisées, l’euro connait enfin une trajectoire ascendante. Ce changement de cap reflète une évolution radicale de la perception du risque politique associé à l’Union européenne. Le point de départ de la hausse (17 mai) correspond d’ailleurs à l’annonce franco-allemande du projet de plan de relance. L’accord européen du 21 juillet pour engager son processus de mise en œuvre milite, dans un contexte de redressement des PMI, pour le...

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Jon Masdal
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2020

...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 30/04/2020

...

TIETOEVRY CORP. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TIETOEVRY CORP. (FI), a company active in the Computer Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date May 12, 2020, the closing price was EUR 22.38 and its potential was estimated at EUR 25.03.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch