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Last €22.45 EUR
Change Today -0.44 / -1.92%
Volume 22.6K
TIE1V On Other Exchanges
Symbol
Exchange
OTC US
Stockholm
OTC US
Frankfurt
As of 5:50 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

Open
€22.80
Previous Close
€22.89
Day High
€22.80
Day Low
€22.27
52 Week High
07/23/15 - €24.00
52 Week Low
10/16/14 - €17.26
Market Cap
1.7B
Average Volume 10 Days
126.5K
EPS TTM
€0.28
Shares Outstanding
74.0M
EX-Date
03/20/15
P/E TM
80.3x
Dividend
€1.00
Dividend Yield
5.80%
Current Stock Chart for TIETO OYJ (TIE1V)

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tieto oyj (TIE1V) Details

Tieto Oyj provides managed services, consulting and system integration, industry products, and product development services in Finland and internationally. It offers application development services, including development platform as a service, development consulting, IT lifecycle extension, and open application suite; application management services; and business and IT consulting services, including co-creation, enterprise information management, industry and business consulting, practical project steering, project and program management, enterprise architecture consulting, and enterprise modernization. The company also provides business process services, such as business information exchange and intelligent transportation system services; and enterprise applications, including integrated SAP solutions, integration services, enterprise resource planning and customer relationship management solutions based on Microsoft technology platform, and Oracle services implementation, customization, enhancement, integration, and management services. In addition, it offers front end solutions, such as contact center as a service, enterprise mobility, digital workplace, and open mobility platform services. Further, the company provides industrial Internet services; business intelligence and enterprise content management; infrastructure solutions and services; and testing services, such as application performance management, test tools as a service, and test automation services. Additionally, it offers product development services for communications and embedded technologies. The company provides its services to customers in the energy utilities, financial services, forest, healthcare and welfare, logistics, manufacturing, media, oil and gas, public, telecom, and retail and wholesale industries. Tieto Oyj was founded in 1968 and is headquartered in Helsinki, Finland.

12,949 Employees
Last Reported Date: 07/22/15
Founded in 1968

tieto oyj (TIE1V) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

tieto oyj (TIE1V) Key Developments

Tieto Oyj Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Tieto Oyj announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of EUR 363.8 million against EUR 386.4 million a year ago. Operating profit (EBIT) was EUR 23.1 million against EUR 21.5 million a year ago. Profit before taxes was EUR 21.8 million against EUR 20.5 million a year ago. Net profit attributable to shareholders of the parent company was EUR 17.4 million or EUR 0.24 per basic and diluted share against EUR 16.5 million or EUR 0.23 per basic and diluted share a year ago. Net cash flow from operations was EUR 12.4 million against EUR 16.6 million a year ago. Capital expenditures were EUR 10.5 million against EUR 7.2 million a year ago. Return on equity, 12-month rolling, was 4.5% against 15.3% a year ago. Operating profit (EBITA) was EUR 23.2 million against EUR 21.7 million a year ago. Operating profit (EBIT) excluding one-off items was EUR 30.1 million against EUR 30.0 million a year ago. Currency fluctuations had a negative impact of EUR 5 million on sales, mainly due to the weaker Swedish Krona. For the six months, the company reported net sales of EUR 729.4 million against EUR 773.4 million a year ago. Operating profit (EBIT) was EUR 37.0 million against EUR 55.5 million a year ago. Profit before taxes was EUR 34.0 million against EUR 53.3 million a year ago. Net profit attributable to shareholders of the parent company was EUR 26.5 million or EUR 0.36 per basic and diluted share against EUR 41.1 million or EUR 0.56 per basic and diluted share a year ago. Net cash flow from operations was EUR 49.1 million against EUR 66.6 million a year ago. Capital expenditures were EUR 22.1 million against EUR 20.6 million a year ago. Return on equity, 12-month rolling, was 4.5% against 15.3% a year ago. Interest-bearing net debt was EUR million 5.3 million against EUR 30.3 a year ago. Operating profit (EBITA) was EUR 37.2 million against EUR 56.1 million a year ago. Operating profit (EBIT) excluding one-off items was EUR 60.8 million against EUR 64.5 million a year ago. First-half net sales, down by 5.7%. Organically, net sales in local currencies were down by 3.3%. The decline was attributable large projects that were concluded in Product Development Services, as announced in October 2014. Currency fluctuations had a negative impact of EUR 16 million on sales, mainly due to the weaker Swedish Krona. Currency changes had a negative impact of EUR 6 million on operating profit. The company expects its full-year 2015 operating profit (EBIT) excluding one-off items to increase from the previous year's level (EUR 150.2 million in 2014). The company expects its full-year underlying profit to improve from 2014, with improvement anticipated to materialize mainly in the second half. Capital expenditure (CAPEX) is anticipated to remain at the level of 3­4% of sales, which is below the current depreciation level (EUR 63.4 million in 2014).

Accenture, Altran, Tieto Win eu-LISA IT services contract

The European Agency for Large-Scale IT Systems (eu-LISA) has selected Accenture, Altran and Tieto to provide IT services across agency locations in Brussels, Strasbourg and Tallinn. The consortium will help eu-LISA enhance its IT architecture, increase its operational capabilities and provide IT services to eu-LISA customers around the world. Technology services will include application development, biometric system maintenance, and network and data storage enhancements. The contracts were awarded after a competitive tendering process and under two different lots, each for two years with a possible two-year extension.

Tieto Oyj, Q2 2015 Earnings Call, Jul 22, 2015

Tieto Oyj, Q2 2015 Earnings Call, Jul 22, 2015

 

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Industry Analysis

TIE1V

Industry Average

Valuation TIE1V Industry Range
Price/Earnings 83.7x
Price/Sales 1.2x
Price/Book 4.1x
Price/Cash Flow 20.8x
TEV/Sales 1.0x
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