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TietoEVRY ( (GB:0KG0) ) has issued an update.
TietoEVRY reported a challenging second quarter with a -4% organic growth and a 9.4% profit margin, impacted by soft market conditions and IFRS 5-related costs. The company is undertaking strategic actions to enhance execution and performance, including cost optimization and a focus on customer-centric growth, aiming for EUR 115 million in savings by 2026. The appointment of Endre Rangnes as President and CEO marks a leadership shift towards restoring customer trust and expanding international market presence, particularly in software products and AI-driven digital development.
The most recent analyst rating on (GB:0KG0) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on TietoEVRY stock, see the GB:0KG0 Stock Forecast page.
More about TietoEVRY
TietoEVRY is a company operating in the IT industry, providing digital consulting services and vertical software solutions. It focuses on innovation and growth, particularly in the Nordics, with a strong emphasis on customer engagement and sustainable development.
Average Trading Volume: 240,090
Current Market Cap: €1.96B
For a thorough assessment of 0KG0 stock, go to TipRanks’ Stock Analysis page.