Q2 2025 Tietoevry Oyj Earnings Call Transcript
Key Points
- TietoEVRY Corp (FRA:TTEB) has a strong market position in the Nordics with a competitive software product base.
- The company has a solid customer base across various industries and is actively pursuing innovation, particularly with AI integration.
- A new leadership team has been appointed to drive customer orientation and efficiency.
- The company has initiated a cost optimization program aiming for EUR115 million in savings by the end of 2026.
- TietoEVRY Corp (FRA:TTEB) has a strong order backlog, especially in the banking sector, which supports future growth.
- The company has experienced a lack of revenue growth over an extended period, with organic growth close to 0% over the last 12 years.
- There is a high cost and SG&A base due to stagnant revenue growth.
- The second quarter saw a revenue decline of 4% year-on-year, reflecting a challenging market environment.
- The adjusted profitability margin was negatively impacted by temporary costs related to tech services.
- There is ongoing price pressure and weak demand in the consulting market, affecting the Create segment.
Good morning and welcome to Tietoevry Oyj's second quarter earnings webcast. My name is Tommi Jarvenpaa, I'm the head of Tietoevry Oyj Investor Relations.
We have lots of exciting topics to discuss this morning. Yesterday we announced our permanent CEO appointment and earlier this morning we introduced our new near-term focus areas in connection with our Q2 report.
Naturally, we will be also discussing the second quarter highlights and results in this call. Our teleconference line is open and as always, we will be hosting a Q&A after the presentation.
With me here today are our CEO, Endre Rangnes; and CFO, Tomi Hyryläinen, and at this point I would like to hand over to Endre. Please go ahead.
Thank you, Tommi. And welcome to the Tietoevry Q2 '25 quarterly presentation.
So, I am really, really honored to take on the role as the CEO of the company, having been the interim since the beginning
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