Tietoevry's Capital Markets Day 2022: Accelerating value creation

30 Nov 2022 07:05 CET

Tietoevry Corporation               STOCK EXCHANGE RELEASE               30
November 2022 8:05 a.m. EET

Tietoevry is holding its Capital Markets Day 2022 today, focusing on a theme of
"Accelerating value creation". The day will provide insights into the company's
strategy execution, business portfolio priorities and new uplifted financial
ambitions. The company will share its plans for accelerated value creation and
positioning as a scalable software and digital engineering focused company. All
six of the specialized businesses will provide insights into their respective
markets, business priorities, expansion plans and share their new financial
ambitions. In addition, the company will share a summary of objectives for the
announced strategic review of the combined Tietoevry Transform and Tietoevry
Connect. Tietoevry will also confirm the original schedule and cover the status
of earlier announced Tietoevry Banking's strategic review.

"I'm very excited to be able to today share our plans to accelerate shareholder
value by repositioning Tietoevry in the industry as a software and digital
engineering centric company and our uplifted financial ambitions. Today's
earlier announcement on a strategic review of our outsourcing oriented
businesses, Tietoevry Transform and Tietoevry Connect, as a combined and
independent business is a major step in our strategy. We are making firm
progress with our strategy and enabling our specialized businesses to be among
the best in the market within their respective peer group. The planned actions
will accelerate Tietoevry's strategy implementation and drive attractive growth,
profitability and overall shareholder value creation", says Kimmo Alkio,
President and CEO.

Uplifted financial ambition for Tietoevry Group is to reach annual revenue
growth of 8-10% and adjusted operating margin (EBITA) of 15-16% by 2025.
Furthermore, financial ambitions introduced during the day include maintaining
net debt/EBITDA between 1-2 and continuing to increase dividends annually.

The revenue growth and profitability ambition of Tietoevry Group is aggregated
from the businesses. The company has laid out long-term financial ambition for
each business and will discuss drivers for growth and profitability during the
day. The company introduces 2025 financial ambition for each business.

Aggregated growth ambition for software and digital engineering businesses is
12-14% and adjusted operating margin (EBITA) 17-19%, consisting of the
following:

[][]
Annual Adjusted[2)]
revenue operating
growth[1)] margin
by 2025 (EBITA) by
2025
Tietoevry 14-16% 14-16%
Create
Tietoevry 10-12% 16-18%
Banking
Tietoevry 12-14% 28-30%
Care
Tietoevry 8-10% 20-22%
Industry

Aggregated growth ambition for managed services and transformation businesses is
1-3% and adjusted operating margin (EBITA) 9-11%, consisting of the following:

[][][]
Annual Adjusted[2][)]
revenue operating
growth[1)] margin (EBITA)
 by 2025 by 2025
Tietoevry 2-4% 10-12%
Transform
Tietoevry 1-3% 8-10%
Connect

[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 Capital Markets Day will start today at 1 p.m. CET and the event can
be followed through a live stream. A detailed program and a link to the webcast
along with the presentation materials are available on the company's
website (https://www.tietoevry.com/en/investor-relations/cmd-2022/). On-demand
video will be available after the event.

For further information, please contact
Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com

Tietoevry Corporation

DISTRIBUTION

Nasdaq Helsinki
Nasdaq Stockholm
Oslo Børs
Principal Media

Tietoevry creates purposeful technology that reinvents the world for good. We
are a leading technology company with a strong Nordic heritage and global
capabilities. Based on our core values of openness, trust and diversity, we work
with our customers to develop digital futures where businesses, societies, and
humanity thrive.

Our 24 000 experts globally specialize in cloud, data, and software, serving
thousands of enterprise and public-sector customers in more than 90 countries.
Tietoevry's annual turnover is approximately EUR 3 billion and the company's
shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as
on Oslo Børs. www.tietoevry.com

More information:
Access the news on Oslo Bors NewsWeb site

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