Key Developments: Tieto Oyj (TIE1V.HE)
16.92EUR
20 May 2013
€0.04 (+0.24%)
€16.88
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€16.95
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64,899
109,641
€18.43
€11.81
Latest Key Developments (Source: Significant Developments)
Tieto Oyj Maintains FY 2013 Financial Guidance-COMPLETE STORY
Tieto Oyj announced that its fiscal year 2013 outlook remains unchanged. The Company expects its organic net sales to develop in line with the growth in the market for Information Technology (IT) services, with the exception of the weaker outlook in the telecom sector. The Company also expects profitability to continue to improve and fiscal year 2013 EBIT excluding one-off items to increase from the fiscal year 2012 level of EUR 138.8 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report EBIT of EUR 145.13 million for the fiscal year 2013. Full Article
Tieto Oyj Announces Changes in Business Structure
Tieto Oyj announced that its new business structure and operating model took effect at the beginning of 2013. The new structure is based on service lines and industry groups. The service lines are: Managed Services, Consulting and System Integration, Industry Products, and Product Engineering Services. They constitute the main operating segments. Additionally, Tieto will disclose customer sales by industry groups, which are: Financial Services; Manufacturing, Retail and Logistics; Public, Healthcare and Welfare; Telecom, and Media and Energy. Full Article
Tieto Oyj Extends Office Productivity and Collaboration Services with Google Inc's Google Apps
Tieto Oyj announced that it has signed an agreement with Google Inc, expanding Tieto's service offering with Google Apps, a public cloud based productivity suite.The cooperation complements Tieto's existing services in the office productivity and collaboration area to drive mobile ways of working and efficiency. The services are fitted for enterprises. Tieto's productivity and collaboration offering portfolio now includes a set of cloud services delivered either in private, public or hybrid cloud. As a full IT (information technology) services partner, Tieto integrates cloud services into its customers' existing IT systems and business processes. Part of Tieto's employees will also be using Google Apps, in connection with the "choose your own device" concept. Tieto will sell Google Apps combined with its own complementing services focusing on the Nordic markets. Full Article
Tieto Oyj Signs Agreement with Stiftelsen for Internetinfrastruktur-Direkt
Direkt reported that Tieto Oyj has signed an agreement with Stiftelsen for Internetinfrastruktur (the Internet Infrastructure Foundation) to supply its services to Skolfederationen. The financial details were not disclosed. Full Article
Tieto Oyj Proposes FY 2012 Dividend at EUR 0.83 Per Share
Tieto Oyj announced that it has decided to propose a dividend payment of EUR 0.83 per share for the fiscal year 2012. The dividend shall be paid to shareholders who on the record date for the dividend payment, March 28, 2013, are recorded in the shareholders’ register held by Euroclear Finland Oy or the register of Euroclear Sweden AB. The dividend shall be paid as from April 15, 2013. For the fiscal year 2011, the Company paid a dividend of EUR 0.75 per share. Full Article
Tieto Oyj Issues FY 2013 Operating Profit Guidance
Tieto Oyj announced that it expects its profitability to continue to improve and full-year operating profit (EBIT) excluding one-off items to increase from the previous year’s level (EUR 137.1 million in 2012). Full Article
AURELIUS AG to Acquire Tieto Deutschland GmbH and Related Activities in Netherlands, Poland and India from Tieto Oyj
AURELIUS AG announced that it will acquire Tieto Deutschland GmbH, Eschborn, as well as related activities in the Netherlands, Poland and India, from Tieto Oyj, based in Helsinki, Finland. The acquisition includes Tieto Deutschland GmbH, Tieto Netherlands Healthcare BV and some dedicated development resources in the off-shore and near-shore centers in Poland and India. The transaction is still pending, subject to the approval of the competent cartel authorities, and should be completed in the second quarter of 2013. The parties agreed not to publish the purchase price. Full Article
Tieto Oyj Enters into Agreement with Forex Bank-SIX
SIX reported that Tieto Oyj has entered into an agreement with Forex Bank for the delivery of its basic application for banking services to the bank's Finnish operations. The agreement is valid for five years. Tieto has previously signed an agreement wit Forex for the delivery of the same application to the Swedish market. Full Article
Kesko Oyj Signs Cooperation Agreement with Tieto Oyj
Kesko Oyj announced that it has signed a comprehensive four-year cooperation agreement with Tieto Oyj on the supply of Information Technology (IT) services. With this agreement, Kesko continues to enhance and centralize its IT services. Tieto continues as a supplier of the Kesko Group's infrastructure services, such as capacity, workstation and integration services. In addition, cooperation will be expanded in the maintenance and development work of the Kesko Group's SAP systems and other business applications. During the agreement period, Tieto will also supply Kesko with other IT services supporting business, related, for instance, to increasing electronic business processes and offering new electronic services to consumers. Full Article
Tieto Oyj Receives Extension of Contract with Apoteket
Tieto Oyj announced that the Swedish pharmaceutical company Apoteket AB has decided to extend its contract with Tieto for operation, application management and workstation solutions. The contract is valid for three years with an option of a further two years. The order value will amount to approximately EUR 43 million during the three years. Tieto has been Apoteket's main IT (information technology) service provider since 2007. At the beginning of 2011, Tieto was charged with implementing and managing a new centralized business system and a new store solution for all of Apoteket AB's 350 stores. The extended contract term means that Tieto will continue to manage operation, application management for the store solution, business systems and integration platforms, along with Apoteket's IT workstations. Tieto will also be taking over the architecture office for integrations. Full Article
New Issue-Tieto prices 100 mln euro 2019 bond
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