Tietoevry Business Performance Update
Tietoevry Banking
Software for financial institutions
Business highlights
Revenue EUR 125.0 million, organic growth* 8%
Adjusted EBITA** EUR 12.3 (11.6) million, 9.9% (10.2%)
Healthy growth driven by Cards, Financial Crime
Prevention and Credit
Healthy demand for BaaS continues while earlier
announced decision by a large customer to exit the Finnish
market had a negative impact of 3% on Tietoevry Banking
growth in Q1'22
Measures to drive competitiveness and efficiency initiated
in Q1'22, focused on SG&A rationalization
Organic growth*
8%
Adj. EBITA**
9.9% (down 0.3%)
130
125
120
114
112
10.2%
12.0%
14.9%
13.6%
9.9%
In Q2'22, adjusted operating margin anticipated to be
below Q2'21 level
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Adj. EBITA %
Revenue
f. tietoercy
Adjusted for currency effects, acquisitions and divestments
* Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
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