Report
Nicolas David ...
  • Salma Bouraoui

Tieto : Publication T2 2019 faible mais exceptionnelle. Guidance annuelle réitérée

>Croissance org. T2 décevante, mais partiellement due à l’effet calendaire - Tieto a publié vendredi avant Bourse un CA T2 2019 de 403 M€, stable y/y, -3% en dessous des attentes (ODDO BHF & Css : 417 M€). La croissance organique est ressortie à 1.0% y/y, très inférieure à nos attentes (ODDO BHF : +3.4% y/y org, pas de consensus), marquant une décélération par rapport au T1 2019 (+2.1% y/y org) pénalisé par un effet calendaire négatif et par l’impact négatif du change...
Underlying
TietoEVRY Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

Salma Bouraoui

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