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Financial outlook

A full list of our financial outlooks from 2015 to now

Outlook for 2020

Outlook published on 27 October 2020

TietoEVRY expects its comparable full-year adjusted1) operating profit (EBIT) to increase from the previous year's level (Tieto's and EVRY's adjusted operating profit combined amounted to a total of EUR 341.7 million in 2019).

1)Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

TietoEVRY restores its annual guidance for 2020 on 20 October

 

On 27 March 2020, TietoEVRY withdrew its guidance for 2020 due to uncertainties related to the Covid-19 pandemic. As visibility to the full-year profitability has improved, the company now restores its annual guidance.

Full-year outlook for 2020
TietoEVRY expects its comparable full-year adjusted1) operating profit (EBIT) to increase from the previous year's level (Tieto's and EVRY's adjusted operating profit combined amounted to a total of EUR 341.7 million in 2019).

1) Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

Full year outlook 24 July 2020

Due to the Covid-19 pandemic, the current economic outlook in TietoEVRY’s main markets involves significant uncertainties. Given the uncertainties in the market outlook, it is not possible to estimate the potential impact of the pandemic on the company’s profitability. Hence the full-year guidance was withdrawn on 27 March. Further guidance will be issued once visibility to the market outlook for the second half has improved
and significant uncertainties are cleared.

Full-year outlook for 2020 withdrawn on 27 March

Due to the Covid-19 pandemic, the current economic outlook in TietoEVRY’s main markets involves significant uncertainties. Given the uncertainties in the market outlook, it is not possible to estimate the potential impact of the pandemic on the company’s profitability. Hence the full-year guidance was withdrawn on 27 March. Further guidance will be issued as soon as visibility to the market outlook has improved and significant uncertainties are cleared.

Outlook published on 14 February 2020

TietoEVRY expects its comparable full-year adjusted1) operating profit (EBIT) to increase from the previous year's level (Tieto's and EVRY's adjusted operating profit combined amounted to a total of EUR 343.1 million in 2019).

1) Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

Outlook history

Outlook for 2019

Outlook published on 24 October  2019

Tieto expects its full-year adjusted1) operating profit (EBIT) to increase from the previous year’s level (EUR 168.0 million in 2018) added by the impact of IFRS 162) to maintain the comparability after the adoption of the new standard.

1) Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

2) The company estimates that the adoption of IFRS 16 will have a positive impact on operating profit in 2019. In the first half, the impact on EBIT was EUR 2.0 million. Comparative periods are not restated. More information on the adoption of the standard can be found in the Accounting Policies in the tables section

Outlook published on 19 July  2019

 Tieto expects its full-year adjusted1) operating profit (EBIT) to increase from the previous year’s level (EUR 168.0 million in 2018) added by the impact of IFRS 162) to maintain the comparability after the adoption of the new standard.

1) Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

2) The company estimates that the adoption of IFRS 16 will have a positive impact on operating profit in 2019. In the first half, the impact on EBIT was EUR 2.0 million. Comparative periods are not restated. More information on the adoption of the standard can be found in the Accounting Policies in the tables section

Outlook published on 25 April 2019

Tieto expects its full-year adjusted1) operating profit (EBIT) to increase from the previous year’s level (EUR 168.0 million in 2018) added by the impact of IFRS 162) to maintain the comparability after the adoption of the new standard. 

 1) Adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

2) The company estimates that the adoption of IFRS 16 will have a positive impact on operating profit in 2019. In the first quarter, the impact was EUR 0.9 million. Comparative periods are not restated. More information on the adoption of the standard can be found in the Accounting policies in the tables section.

Outlook published on 6 February 2019

Tieto expects its full-year adjusted1) operating profit (EBIT) to increase from the previous year’s level (EUR 168.0 million2) in 2018). The definition of adjusted operating profit has been revised to improve comparability of operating profit also in light of the company’s acquisitions.

 1) adjusted for amortization of acquisition-related intangible assets, restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability

2) not restated for IFRS 16

Outlook for 2018

Outlook published on
24 October 2018

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 161.4 million in 2017).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on
20 July 2018

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 161.4 million2) in 2017).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

2revised according to IFRS 15 restatement

Outlook published on
26 April 2018

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 161.4 million2) in 2017).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

2) revised according to IFRS 15 restatement

Outlook published on 6 February 2018

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 161.5 million2) in 2017).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

2) subject to revision according to IFRS 15 restatement

Outlook for 2017

Outlook published on 24 October 2017

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 152.2 million in 2016).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 21
July 2017

Tieto expects its adjusted1) full-year operating profit (EBIT) to increase from the previous year’s level (EUR 152.2 million in 2016).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 27 April 2017

Tieto expects its adjusted1) full-year operating profit (EBIT) to increase from the previous year’s level (EUR 152.2 million in 2016).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 2 February 2017

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 152.2 million in 2016).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

   

Outlook for 2016

Outlook published on 25 October 2016

 

Tieto expects its adjusted1)  full-year operating profit (EBIT) to increase from the previous year’s level (EUR 150.8 million in 2015).

 

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 22
July 2016

Tieto expects its adjusted1) full-year operating profit (EBIT) to increase from the previous year’s level (EUR 150.8 million in 2015).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 26 April 2016

Tieto expects its adjusted1) full-year operating profit (EBIT) to increase from the previous year’s level (EUR 150.8 million in 2015).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items

Outlook published on 4 February 2016

Tieto expects its adjusted1) full-year operating profit (EBIT) to increase from the previous year’s level (EUR 150.8 million in 2015).

1) adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other one-off items

 Outlook for 2015

Outlook published on 22 October 2015

Tieto expects its full-year operating profit (EBIT) excluding one-off items to increase from the previous year’s level (EUR 150.2 million in 2014).

Outlook published on 28 April 2015

Tieto expects its full-year operating profit (EBIT) excluding one-off items to increase from the previous year’s level (EUR 150.2 million in 2014).

Outlook published on 5 February 2015

Tieto expects its full-year operating profit (EBIT) excluding one-off items to increase from the previous year’s level (EUR 150.2 million in 2014).
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