TietoEVRY : Better in H2, but structural problems not resolved
>Solid organic growth in Q3, driven by Create, Banking and Care - TietoEVRY released its final Q3 results yesterday before trading, after last week’s pre-announcement. Organic growth (pre-announced) came in at 7.8%, marking a clear acceleration vs Q2 (4.7% yoy organic). As indicated last week, the performance was mainly driven by (i) the Create segment, which posted organic growth of 19% yoy (vs ODDO BHF: +13% organic), a clear acceleration vs Q2 (+12% yoy organic). H...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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