TietoEVRY Oyj (TIETOS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Tieto's first quarter 2026 earnings webcast. My name is Tommi Järvenpää, the head of investor relations at Tieto. In Q1, we delivered strong profitability and solid performance in software businesses. This morning, we will present our financial results for the quarter and provide an update on the progress of the strategy execution. After the presentation, we will open the line for questions. With me here are our CEO, Enre Rangnäs, and CFO, Tomi Hyröläinen. And now I will hand over to Enre. Go ahead. Thank you, Tomi, and welcome then to TITO's Q1 2026 presentation. I would say that we have clearly been through an eventful quarter with execution of over four strategic priorities and then also coupled with the market development. And as part of this, we clearly see strong momentum from the rapid adoption of AI across the line. And at the Tito, we regard this as a clear opportunity AI is an integral part of all our businesses and is already helping us create value and to drive efficiency. In Q1, we again see the effects of the cost efficiency program implemented last year. So I would say also despite the challenging market conditions, we have improved the profitability by more than four percentage points. If you look at Q1 26 versus Q1 25. So we continue to move forward towards our 2028 strategic ambitions and goals, which was also communicated in connection with capital market stay. I would also remind you about our strategy. So our ambition is to become European software and tech consulting market leader within selected industries and niches. And then we are executing this through four main strategic priorities. Number one, customers first. Second one, simplified core. Thirdly, selective expansion internationally. And then number four, a com...