Report
Nicolas David ...
  • Salma Bouraoui

Tieto : Une performance T1 2019 mitigée. Croissance faible mais marges solides

>La croissance organique du T1 est décevante - Tieto a publié jeudi avant Bourse un CA T1 2019 de 408 M€, en hausse de 1.0% y/y et légèrement inférieur aux attentes (vs ODDO : 412 M€, Css : 415 M€). La croissance organique ressort également en dessous des attentes à +2.2% y/y, en ralentissement par rapport au trimestre précèdent (Q4 18 : +3.1% y/y org.), à cause des Services IT. Les Services IT ont enregistré une performance décevante en organique à 1.2% y/y org....
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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