TietoEVRY : The worst seems to be over in Q1
>Q1 growth weak but broadly in line - Yesterday before the market open, TietoEVRY reported Q1 2021 sales of € 711.5m, -4% y-o-y, broadly in line with expectations (ODDO BHF: € 715m; consensus: € 703.5m). Organic growth came in at -6% y-o-y, slightly below our expectations (vs ODDO BHF: -5.2% y/y org, no consensus), marking a weaker-than-expected recovery compared to Q4 2020 (-6.0% y-o-y org), notably due to a negative calendar effect and a negative COVID-19 effect es...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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