TietoEVRY : A tough outlook for Q4, but progress on the divestment process for Tech Services
>1% organic decline in Q3. - Robust profitability and FCF - TietoEVRY reported yesterday before trading its definitive Q3 results, after the pre-announcement last week. The organic decline (Pre-announced) came to -1%, marking a slowdown vs Q2 (+1% y-o-y organic). As indicated last week, the performance was impacted mainly by Create (-4% y-o-y organic vs ODDO BHF: -5.1% y-o-y org.) and Tech Services (-3% y-o-y org. vs ODDO BHF: -4.9% y-o-y organic). Banking (+4% y-o-y...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.
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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