Financial objectives
Long-term financial ambition
Our financial ambition is to reach annual revenue growth of 8–10% and adjusted operating margin (EBITA) of 15–16% by 2025. The revenue growth and profitability ambition is aggregated from the businesses' ambitions.
Aggregated growth ambition for software and digital engineering businesses is 12–14% and adjusted operating margin (EBITA) 17–19%, consisting of the following:
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Annual growth1) by 2025 |
Adjusted2) EBITA by 2025 |
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Tietoevry Create |
14–16% |
14–16% |
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Tietoevry Banking |
10–12% |
16–18% |
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Tietoevry Care |
12–14% |
28–30% |
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Tietoevry Industry |
8–10% |
20–22% |
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Aggregated growth ambition for managed services and transformation businesses is 1–3% and adjusted operating margin (EBITA) 9–11%, consisting of the following:
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Annual growth1) by 2025 |
Adjusted2) EBITA by 2025 |
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Tietoevry Transform |
2–4% |
10–12% |
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Tietoevry Connect |
1–3% |
8–10% |
1) Mainly organic, adjusted for currency effects
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
Tietoevry's financial ambitions also include:
- maintaining net debt/EBITDA between 1–2
- continuing to increase dividends annually.
Long-term financial ambitions were set in 2022. Since then the macroeconomic environment has weakened which may have an impact on the attainment of the ambitions.