Report
Nicolas David

TietoEVRY : La forte rentabilité compense le manque de croissance à court terme

>Croissance organique T3 à -4.3% inférieure aux attentes - TietoEVRY a publié hier avant Bourse un CA T3 2020 de 644 M€, en recul de 7% y/y, 1% en dessous des attentes (ODDO BHF et Css à 653 M€) à cause d’effets forex négatifs et d’un effet COVID-19 négatif estimé à -4% (contre -2% au T2). La croissance organique ressort ainsi à -4.3% y/y, inférieure à nos attentes (vs ODDO BHF : -1.9% y/y org, pas de consensus), marquant donc une dégradation plus forte qu’attendu p...
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

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