Tieto : Patchy Q2 2018 results but little downside left
>Solid organic growth driven by the group’s cyclical activities - On Friday before trading Tieto reported a +4.8% y-o-y increase in sales in Q2 2018 to € 404m, in line with expectations (consensus: € 405m, +5.0% y-o-y, Oddo: € 395m). However, organic growth was solid at +5.0% y-o-y, +200bp higher than we expected (no consensus) and much stronger than in previous quarters (+3.0% y-o-y organic in Q1 2018, +1.4% y-o-y organic in Q4 2017) thanks to i/ a positive calendar ...Asiakastieto Group Plc. Asiakastieto Group Oyj, formerly known as AKT Holdings Oy, is a Finland-based company engaged in the provision of information services. It provides corporate, risk management, and sales and marketing information in Finland, as well as electronic and Website services and company and personal information services accessible to all. It maintains a private company information database of Finnish enterprises and their key individuals. The Company's primary shareholders are Skandinaviska Enskilda Banken Ab (publ), Nordea Pankki Suomi Oyj and Sampo Oyj. The Company operates as subsidiary Emaileri Oy, a Finland-based domestic supplier for electronic communications and marketing services. Emaileri Oy offers a service platform for e-mail marketing and newsletter communications.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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