Last €19.94 EUR
Change Today +0.26 / 1.32%
Volume 79.1K
TIE1V On Other Exchanges
Symbol
Exchange
OTC US
Helsinki
Stockholm
OTC US
Frankfurt
As of 11:29 AM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

Open
€19.75
Previous Close
€19.68
Day High
€20.09
Day Low
€19.75
52 Week High
06/19/14 - €22.64
52 Week Low
07/31/13 - €14.20
Market Cap
1.5B
Average Volume 10 Days
127.0K
EPS TTM
€1.03
Shares Outstanding
73.6M
EX-Date
03/21/14
P/E TM
19.4x
Dividend
€0.90
Dividend Yield
4.51%
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, 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 centre as a service, a pay per use solution; and Tieto Future Office, as well as operates Tieto Open Mobility Platform, a suite of mobility accelerators. Further, the company provides business intelligence and enterprise content management services; infrastructure solutions and services; and product development services in the field of communications and embedded technologies. Additionally, it offers application performance monitoring, testing, and troubleshooting services; test tools as service; and test automation solutions. The company provides its services to customers in the automotive, 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.

14,126 Employees
Last Reported Date: 07/18/14
Founded in 1968

tieto oyj (TIE1V) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: €673.1K
Compensation as of Fiscal Year 2012.

tieto oyj (TIE1V) Key Developments

Tieto Oyj Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Tieto Oyj reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net profit for the period attributable to shareholders of the parent company of EUR 16.5 million or EUR 0.23 per basic and diluted share on net sales of EUR 386.4 million compared to net profit for the period attributable to shareholders of the parent company of EUR 7.4 million or EUR 0.10 per basic and diluted share on net sales of EUR 386.4 million a year ago. Operating profit was EUR 21.5 million compared to EUR 14.8 million a year ago. Profit before taxes was EUR 20.5 million compared to EUR 13.0 million a year ago. Total comprehensive income attributable to shareholders of the parent company was EUR 12.5 million compared to loss of EUR 10.5 million a year ago. Net cash flow from operations was EUR 16.6 million compared to EUR 10.7 million a year ago. Capital expenditures were EUR 7.1 million compared to EUR 15.3 million a year ago. Return on equity was 15.3% compared to 6.6% a year ago. Currency fluctuations had a negative impact of EUR 12 million on sales, mainly due to weaker Swedish Krona. Operating profit included EUR 8.5 million in restructuring costs. Earnings per share excluding one-off items amounted to EUR 0.32 compared to EUR 0.30 a year ago. For the six months peirod, the company reported net profit for the period attributable to shareholders of the parent company of EUR 41.1 million or EUR 0.56 per basic and diluted share on net sales of EUR 773.4 million compared to net profit for the period attributable to shareholders of the parent company of EUR 28.8 million or EUR 0.40 per basic and diluted share on net sales of EUR 840.6 million a year ago. Operating profit was EUR 55.5 million compared to EUR 44.1 million a year ago. Profit before taxes was EUR 53.3 million compared to EUR 40.8 million a year ago. Total comprehensive income attributable to shareholders of the parent company was EUR 36.8 million compared to loss of EUR 12.6 million a year ago. Net cash flow from operations was EUR 66.6 million compared to EUR 60.7 million a year ago. Capital expenditures were EUR 20.5 million compared to EUR 32.6 million a year ago. Return on equity was 15.3% compared to 6.6% a year ago. Net debt totaled EUR 30.3 million as on June 30, 2014. Divestments had a negative impact of EUR 41 million and currency fluctuations a negative impact of EUR 23 million on sales. Operating profit included EUR 9.2 million in restructuring costs and EUR 0.2 million in capital gains. Operating profit excl. one-off items stood at EUR 64.5 compared to EUR 61.7 million a year ago. Earnings per share excluding one-off items amounted to EUR 0.66 compared to EUR 0.62 a year ago. The company expects its full-year operating profit (EBIT) excluding one-off items to increase from the previous year's level of EUR 141.2 million in 2013.

Tieto Wins Deal Regarding Volvofinans Bank’s IT Infrastructure

Tieto has signed a five-year agreement to provide Swedish Volvofinans Bank with extensive IT infrastructure, including a crucial data protection solution covering the bank’s 1.1 million Volvo Card holders. The order is initially estimated at around EUR 7 million. Tieto will provide Volvofinans Bank with IT infrastructure and end-user services, including management on several IT platforms. The transition of services from the current IT supplier will start at the end of this year and will be fully transferred in the first half of 2015. In the past few years, card transactions have by far come to exceed cash payments in Sweden. To ensure card data security, Tieto will therefore operate parts of the server environment according to the international Payment Card Industry Data Security Standard (PCI DSS) – a protection standard endorsed by organizations such as American Express, MasterCard Worldwide and Visa Inc. In addition, Tieto will deliver a centralized environment for hosted applications and will be responsible for the end-user Service Desk.

Folksam Signs Three-Year Frame Agreement with Tieto Corporation

Folksam has signed a three-year frame agreement with Tieto Corporation regarding strategic IT-consultancy services. With this agreement, the two companies deepen their partnership that began in 2012, when Folksam's entire application operations were outsourced to Tieto.

 

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Industry Analysis

TIE1V

Industry Average

Valuation TIE1V Industry Range
Price/Earnings 18.9x
Price/Sales 0.9x
Price/Book 2.9x
Price/Cash Flow 9.8x
TEV/Sales 0.7x
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