TietoEVRY Corp (OSL:TIETO)

kr 213.4 -9.6 (-4.3%) Market Cap: 24.65 Bil Enterprise Value: 35.97 Bil PE Ratio: 12.99 PB Ratio: 1.45 GF Score: 77/100

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Q2 2023 Tietoevry Oyj Earnings Call Transcript

Jul 21, 2023 / 07:00AM GMT

Release Date Price: kr252.6 (-7.54%)

Transcript

Tommi Jarvenpaa

TietoEVRY Oyj - Head of IR

Good morning, and welcome to TietoEVRY Second Quarter 2023 Earnings Webcast. My name is Tommi Jarvenpaa, the Head of TietoEVRY Investor Relations. We are living very exciting times for the company. Next, our President and CEO; Kimmo Alkio, together with our CFO; Tomi Hyrylainen will go through the highlights and results of the second quarter. Kimmo please go ahead.

Kimmo Alkio

TietoEVRY Oyj - CEO & President

Thank you very much, Tommi, and a warm welcome to everybody for the second quarter results announcement. Exciting times indeed and a lot of good momentum that we are going through as TietoEVRY. Our highlights for the second quarter, solid underlying performance, growth of 3%, profitability, 10.5%.

Our growth continues to be driven by the businesses that should be driving our growth -- 2 of the software businesses, TietoEVRY Banking and TietoEVRY Care and our digital engineering business TietoEVRY Create. Fair to recognize the second quarter performance has been impacted by continued high inflation.

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