TietoEVRY Oyj (TIETOS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Tieto Evri's second quarter earnings webcast. My name is Tommi Järvenpää. I'm the head of Tieto Evri's investor relations. We have lots of exciting topics to discuss this morning. Yesterday, we announced our permanent CEO appointment, and earlier this morning, we introduced our new near-term focus areas in connection with our Q2 report. Naturally, we will be also discussing the second quarter highlights and results in this call. Our teleconference line is open, and as always, we will be hosting a Q&A after the presentation. With me here today are our CEO, Enre Rangnäs, and CFO, Tomi Hyryläinen. And at this point, I would like to hand over to Enre. Please go ahead. Thank you, Tomi. And welcome to the Tito Every Q2 2025 quarterly presentation. So I'm really, really honored to take on the role as the CEO of the company, having been the interim since the beginning of May. So, in addition to the financials, I will come back to some of my observations and then also actions initiated during these close to three months and also some of our near-term priorities. When we look at the messages, the overall messages are the following. This company has a very solid market position, a strong software and services portfolio, and also highly talented people. However, lack of revenue growth over a long period of time has resulted in a too high cost and SG&A base. So based on this, we have taken some immediate actions. One, new leadership team is in place. Two, cost initiatives has been initiated and will be initiated. And three, we will refocus the organization towards the market and our clients with sales focus. And like I repeat every single day to my colleagues, everything starts in the market. We should never, ever forget that perspective. Since I join...