TietoEVRY Corporation STOCK EXCHANGE RELEASE 3 December 2020 13.00 pm EET
TietoEVRY is holding its Capital Markets Day 2020 today – the first one as a combined company. The virtual event will center around “Positioning for growth” and large part of TietoEVRY’s Group Leadership members will also be presenting. The company has laid out its long-term financial targets and will discuss drivers for growth and profitability during the day.
“We see a very attractive market with possibilities for our customers to accelerate their business performance through the data-driven opportunities and software-driven digitalization. Agile enterprises are becoming a new norm and we at TietoEVRY are at the core of the advanced digital future. Our exposure to high-growth areas, driven by powerful long-term trends, gives us confidence in the accelerating growth outlook for our newly combined company, underpinned by a focus on our people. We build our culture on the Nordic values creating a diverse and inclusive workplace where the more flexible ways of working are empowered,” says Kimmo Alkio, President and CEO.
The main financial targets introduced during the day include
- Growth accelerating to 5% by 2023
- Adjusted EBITA 15% by 2023
- Net debt/EBITDA below 2 by the end of 2022
- Dividends increased annually*)
*) Baseline of EUR 1.27 per share, which was the initial dividend proposal to the Annual General Meeting 2020
TietoEVRY’s Capital Markets Day will be webcast through a live stream. A link to the webcast and materials for the event is available at www.tietoevry.com/Investors. On-demand video will be available after the event.
For further information, please contact
Kjell Arne Hansen, Head of Investor Relations, tel. +47 95040372, kjell.hansen (at) tietoevry.com
TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success.
Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs. www.tietoevry.com