TietoEVRY : Q4 earnings and 2024 guidance below expectations. Spin-off project for the banking division
>Organic growth in Q4 and EBITA undershot expectations. Disappointing 2023 FCF - TietoEVRY published its Q4 2023 results yesterday before market open. Organic growth stood at 1%, below forecasts (+1.6% org) and marking a slowdown vs Q3 (2.0% y-o-y org), notably as the banking division posted an increase of just +5% y-o-y org (vs ODDO BHF: 11% org) due to tough comparison bases. The other divisions posted earnings broadly in line with forecasts. The two divisions of ...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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