Income Statement

Tieto's revenue in the last quarter has been impacted by a weakening consulting market demand, which has led to a decline in organic growth. The company's software businesses, particularly Banktech and Caretech, have been affected by legacy contract headwinds, contributing to the revenue decline. However, Tieto's Tech Consulting segment has been impacted by increased geopolitical uncertainty, resulting in customers postponing investment decisions and transformation programs. Despite these challenges, Tieto remains confident in its ability to drive growth, citing the expected gradual subside of headwinds and the strengthening of its underlying business. The company's focus on transforming its Tech Consulting segment and investing in future capabilities is expected to pay off in the long term, positioning Tieto for sustainable growth.

The realised revenue for Q2 2026 is 426.6 million Euros, and the predicted revenue for Q2 2027 (e) is 419.3 million Euros. The revenue is expected to decrease by 7.3 million Euros, which is a 1.7% decrease from the realised value. The revenue is expected to increase by 18 million Euros from 2025 to 2026, which is a 1.7% change. From 2026 to 2027, the revenue is expected to decrease by 46 million Euros, which is a -2.5% change. The annual revenue values are 1.852 billion Euros in 2025, 1.870 billion Euros in 2026, and 1.824 billion Euros in 2027.

Tieto's EBIT profitability has demonstrated a significant improvement, driven primarily by the company's cost optimization programme. This strategic initiative has enabled Tieto to streamline its operations, eliminate inefficiencies, and enhance its overall cost structure. As a result, the company's EBIT margin has expanded, indicating a notable increase in profitability. The improvement in EBIT profitability is also attributed to the transformation and reinvention of Tieto's Tech Consulting business, which has accelerated through a competence shift and AI upskilling programme. Overall, Tieto's EBIT profitability has become a key differentiator, underscoring the company's ability to navigate a challenging market environment and drive sustainable growth.

The realised Ebit for Q2 2026 is 111.6 million Euros, while the predicted Ebit for Q2 2027 (e) is 101.4 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is a decrease of 10.2 million Euros, which translates to a percentage decrease of approximately 9.1%. The expected change in Ebit from 2025 to 2026 is 136 million Euros, representing a 86.5% increase. From 2026 to 2027, the expected change is a decrease of 1.2 million Euros, or a 0.4% decrease. The annual Ebit values are 157.9 million Euros in 2025, 293.9 million Euros in 2026, and 292.7 million Euros in 2027.

The realised profit before tax in Q2 2026 is 84.7 million Euros, and the predicted profit before tax in Q2 2027 (e) is 101.4 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is an increase of 16.7 million Euros, which represents a 19.7% increase. The profit before tax is expected to increase by 137.7 million Euros from 2025 to 2026, representing a 111.3% change. From 2026 to 2027, the profit before tax is predicted to increase by 31.3 million Euros, a 12% change. The annual values for profit before tax are 123.7 million Euros in 2025, 261.4 million Euros in 2026, and 292.7 million Euros in 2027.

The realised profit for Q2 2026 is 85.1 million Euros, while the predicted profit for Q2 2027 (e) is 81.1 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is a decrease of 3.9 million Euros, which translates to a percentage decrease of 4.6%. The profit is expected to increase by 109.1 million Euros from 2025 to 2026, which is a 92% change. From 2026 to 2027, the profit is expected to increase by 6.3 million Euros, which is a 3% change. The annual profit values are 118.7 million Euros in 2025, 227.8 million Euros in 2026, and 234.1 million Euros in 2027.