TietoEVRY Oyj (TIETOS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Tieto's second quarter earnings webcast. My name is Tommi Järvenpää, the head of investor relations at Tieto. In the second quarter, the market weakened further, which impacted our growth. At the same time, we delivered a significant improvement in our profitability, underlining the resilience of our business and the progress we have made over the past year. This morning, our president and CEO, Enre Rangnäs, and CFO, Tomi Hyröläinen, will walk you through the highlights of the quarter and our financial performance. After the presentation, we will host a Q&A as usual. And with that, I would like to hand over to Enre. Please go ahead. Thank you, Tomi. And good morning and welcome to Tieto's Q2 presentation. As Tommy alluded on, the second quarter was shaped by two distinct developments. On one hand, market conditions became more challenging than expected, particularly in tech consulting. On the other hand, we delivered a significant improvement in profitability 5.5 percentage points compared to Q2 last year, confirming that the measures implemented over the past year are developing and delivering tangible results. So during this presentation, we will address both these developments. We will outline the market dynamics we experienced during the quarter, discuss the actions we are taking in response, and explain why we remain confident in our long-term strategy and outlook. So with that, let me start by briefly revisiting the strategy that we presented at our Capital Markets Day last fall. As communicated back then in November of last year, 2026 will be a year of transition and execution. Our objective this year has not been to maximize short-term performance, but to build a stronger company for the years ahead. So during the past 12 months, w...