Tietoevry's restated financial information for 2024

15 Apr 2025 08:00 CEST

Tietoevry Corporation  STOCK EXCHANGE RELEASE 15 April 2025  9.00 a.m. EEST

Tietoevry announced on 23 March that it had entered into an agreement to divest
its Tietoevry Tech Services business to funds advised by Agilitas Private Equity
LLP. The transaction is expected to be closed during the third quarter of 2025,
subject to fulfilment of certain closing conditions. Upon completion of the
transaction, Tietoevry's reportable segments will comprise software businesses
Tietoevry Banking, Care and Industry and the global digital engineering business
Tietoevry Create.

Starting from its first-quarter 2025 reporting, Tietoevry will classify
Tietoevry Tech Services operations as held for sale and will report it as a
discontinued operation under IFRS 5 'Non-current Assets Held for Sale and
Discontinued Operations'. In the consolidated income statement, the result from
the discontinued operation is reported separately from continuing operations. In
its segment reporting, Tietoevry will report only continuing operations.

Tietoevry publishes restated financial information for 2024 financials in the
attachment, constituting comparative information for the company. The statement
of financial position and the statement of cash flows are not restated.
Additional material is published on the
company'swebsite (https://www.tietoevry.com/en/investor
-relations/financials/reporting-changes/).

The discontinued operation includes revenue and operating expenses directly
related to the Tietoevry Tech Services business while certain Group operating
costs related to supporting Tietoevry Tech Services are not included in the
discontinued operation. As a result, financial information presented for the
continuing operations and discontinued operations does not reflect profitability
of either business on a stand-alone basis.

Tietoevry Group revenue for 2024, adjusted for changes in internal eliminations,
is reduced from EUR 2802.6 million to EUR 1879.5 million. The continuing
operations are burdened by the costs that support Tietoevry Tech Services but
cannot be allocated to discontinued operations. The company estimates that the
negative impact of these costs on restated operating margin (EBIT) of 7.6% and
adjusted operating margin (EBITA) of 12.0% in 2024 was around 1.6 percentage
points.

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 is a leading software and digital engineering services company with
global market reach and capabilities. We provide customers across different
industries with mission-critical solutions through our specialized software
businesses* Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as
our digital engineering business Tietoevry Create. Our 16 000* talented vertical
software, design, cloud and AI experts are dedicated to empowering our customers
to succeed and innovate with latest technology.

Tietoevry's annual revenue for the continuing businesses* is approximately EUR 2
billion. The company's shares are listed on the NASDAQ exchange in Helsinki and
Stockholm, as well as on Oslo Børs.www.tietoevry.com

* Tietoevry Tech Services is excluded due to the divestment signed in March
2025. The transaction is expected to close during Q3 2025.

More information:
Access the news on Oslo Bors NewsWeb site

643799_Tietoevry_IFRS_5_Restatement_2024_English.pdf