contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


spin-off-setbacks-but-the-stock-has-overreacted

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Tietoevry operates in the IT sector. The company offers a range of software and cloud-based solutions, with the greatest specialist expertise in SaaS solutions. Competence is found in business processes, application services, infrastructure solutions, and front-end solutions. Customers are found in several markets on a global level. The company was formed in 2019 through a merger of Tieto and EVRY. The headquarters are located in Helsinki.

In Kauppalehti today, 21 Jan 2026 SEB raises Tietoevry’s target price to 20.00 euros (prev. 18.00 euros), hold recommendation remains unchanged

Here are Frans’s comments on Tieto’s small acquisitions in Spain.  Tietoevry is acquiring the Spanish companies OpenSpring and GrupoOnetec. The acquisitions are small in scale, but they support the company’s strategic goal to expand its Banktech and Caretech businesses in Europe. The transaction has no material impact on our forecasts or outlook.                   Inderes              Tieto tekee pienet yritysostot Espanjassa tukeakseen...    Yrityskauppojen kokoluokka on pieni Tiedon mittakaavassa, mutta ne tukevat yhtiön strategian mukaista kansainvälistä laajentumista.

That deal looks like a sensible move. Out of those 200 employees, it’s hardly worth keeping even half on the payroll going forward; instead, the sharpest ones should be harnessed for the expansion into Spain. Just roll out the LifeCare patient information system for everyone there, and why not some banking solutions as well.

Tieto is building something truly interesting in Spain, considering the company’s previous moves in the Catalonia region. European patient data systems are very fragmented entities. At the same time, in the background, the EU is starting to establish a framework for defining structured patient data comparable to Finland’s Kanta system, and… if Tieto Caretech manages to scale its own systems in this regard, they will be a European pioneer. Furthermore, their American counterparts are technically lagging behind; they aren’t even real competitors. Apotti was put out to tender ten years too early. There is potential. Massively.

200 employees generate only €10M in revenue? We’re talking about long customer relationships, so the companies aren’t startups.

Had to look for the purchase price a couple of times as my eyes misread the part about it being based on 8m in “goodwill”  I guess I’m starting to be ready for the weekend already.

News Powered by Cision              Tieto ostaa OpenSpring- ja GrupoOnetec-yhtiöt Espanjasta tukeakaseen...    Tietoevry Oyj             LEHDISTÖTIEDOTE              9.1.2026, klo 9.00     Tiedon                             Tieto aims to achieve a leading position in the European software and technology consulting markets in selected industries. The company sees Spain as a promising market area, particularly for the modern software and data solutions of its Tieto Banktech and Tieto Caretech businesses. To advance this goal, Tieto has signed a binding agreement with AFI Family Espana to acquire the companies OpenSpring and GrupoOnetec. The acquired companies focus on technology consulting and services supporting financial crime prevention. The companies’ long and strong customer relationships provide a solid foundation for Tieto to offer its Banktech and Caretech software and solutions to customers in the Iberian region. Additionally, new opportunities will open up for the Tieto Tech Consulting business. OpenSpring and GrupoOnetec serve customers in several industries, the largest of which is the banking and insurance sector. The companies have a total of nearly 200 employees in Spain and Portugal, and their combined revenue is approximately 10 million euros; furthermore, they are seen to have significant growth potential. The acquisition, which consists of the purchase of the entire share capital of Openspring IT Iberia, S.L. and Grupo Onetec, S.L., is based on an enterprise value of 8 million euros. The transaction is expected to be completed in the first quarter of 2026, after which the acquired businesses will be reported as part of Tieto. Norgestion acted as the financial advisor for the preparation and execution of the transaction, and EY acted as the due diligence and legal advisor.

Tietoevry

Q1 was operationally in line with expectations, and we kept our forecasts unchanged in the big picture. However, the biggest news yesterday was that the Banking business will unexpectedly remain part of the group, which was disappointing. In 2024, we expect the company’s earnings to be at the level of the comparison period, due to a challenging market, but to grow moderately in the coming years. 

<p>Q1 was operationally in line with expectations, and we kept our forecasts unchanged in the big picture. However, the biggest news yesterday was that the Banking business will unexpectedly remain part of the group, which was disappointing. In 2024, we expect the company&rsquo;s earnings to be at the level of the comparison period, due to a challenging market, but to grow moderately in the coming years. Our forecasts are clearly below the company&rsquo;s target levels. With the share price decline, the valuation picture has become very attractive from several perspectives (2024e P/E 11x, adj. P/E 8x, DCF EUR 28, SOTP EUR 26 and expected return ~20%).</p>

	2023	24e	25e
Revenue	2,851.4	2,893.8	2,977.1
growth-%	-2.6 %	1.5 %	2.9 %
EBIT (adj.)	358.7	364.2	383.6
EBIT-% (adj.)	12.6 %	12.6 %	12.9 %
EPS (adj.)	2.14	2.09	2.28
Dividend	1.47	1.50	1.55
Dividend %	6.8 %	8.2 %	8.5 %
P/E (adj.)	10.1	8.8	8.0
EV/EBITDA	8.6	6.9	6.6

Spin-off setbacks, but the stock has overreacted

Key Estimate Figures25.04.2024

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