Tieto (TIETO) AGM 2026 presentation summary

Key developments in 2025

• Divestment of Tech Services and CEO transition marked a year of significant change and early signs of performance recovery.

• New leadership team and engagement of key stakeholders supported a rejuvenated strategy and new financial targets.

• Cost optimization program and order backlog growth (+13%) contributed to improved adjusted EBITA (13.8%) despite a decline in net profit (€25.6m).

Strategic priorities and execution

• Four strategic priorities: customer first, simplified core, selective expansion, and competitive cost base.

• Secured long-term contracts in Banktech, significant wins in Caretech, and launched a sales acceleration program.

• Simplified core through divestments and a new operating model; strategic partnerships and acquisitions supported expansion.

• Achieved €95m in cost savings by end of 2025, targeting €130m by 2026.

Financial performance and capital allocation

• Revenue reached €1,852.3m with -2% organic growth; operating cash flow at €296m.

• Dividend proposal of €0.88/share (total €104m), representing the upper end of the 60-80% payout range.

• Launched a €150m share buyback program, representing about 7% of shares.