Key Developments: Tieto Oyj (TIE1V.HE)

TIE1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tieto Oyj delivers business system transformation based on Dynamics AX to Quant
Sunday, 17 May 2015 08:00pm EDT 

Tieto Oyj:Delivers business system transformation based on Dynamics AX to Quant.Says project is scheduled for completion in middle of 2016.Says work on project has already started and global roll-out start is scheduled for H2 2015.  Full Article

Tieto to deliver TIPS MES to Metsä Board's Husum mill
Wednesday, 29 Apr 2015 02:00am EDT 

Tieto Oyj:Metsä Board and Tieto deepen their partnership – Tieto to deliver TIPS MES to Metsä Board's Husum mill.  Full Article

Tieto Oyj maintains financial guidance for FY 2015
Tuesday, 28 Apr 2015 01:01am EDT 

Tieto Oyj:Expects its FY 2015 operating profit (EBIT) excluding one-off items to increase from previous year's level.Reported operating profit excl. one-off items of 150.2 million eros for FY 2014.FY 2015 EBIT 153.03 million euros-Thomson Reuters I/B/E/S.  Full Article

Cerdo outsources its savings and payments services to Tieto
Tuesday, 21 Apr 2015 08:00pm EDT 

Tieto Oyj:Says the company and Cerdo have signed a contract on outsourcing of administrative payments and savings services for the banking and financial sector.Part of Cerdo's personnel moves to Tieto.  Full Article

Tieto signs 4-year deal with Region Skane
Wednesday, 15 Apr 2015 02:10am EDT 

Tieto Oyj:Says becomes turnkey IT supplier for Region Skane.Says four-year contract will enter into force on Oct. 1, 2015 and is valued at 70 million euros, of which about a third is estimated to go directly to Tieto's subcontractors.Deal is valid for four years and includes an extension option for another eight years.  Full Article

Tieto Oyj to cut 435 jobs in Finland
Monday, 16 Mar 2015 09:00am EDT 

Tieto Oyj:Personnel negotiations initiated in January concluded in Finland.Says is estimated to reduce 435 positions in Finland.Managed Services is anticipated to reduce 295 positions, most of which will be implemented by end of Q2.In Consulting and System Integration, the estimated personnel impact will be 140 positions and redundancies will be carried out during 2015, mainly during Q3.Initially, personnel impact in Finland was estimated at a maximum of 500 positions.  Full Article

Tieto Oyj proposes FY 2014 dividend
Thursday, 5 Feb 2015 02:30am EST 

Tieto Oyj:Proposes to the annual general meeting that dividend of 1.00 euro per share and an additional dividend of 0.30 euro be paid from the distributable assets for the financial year that ended on Dec.31, 2014.The dividend shall be paid to shareholders who on the record date for the dividend payment on March 23 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 9.  Full Article

Tieto issues FY 2015 EBIT guidance in line with estimates
Thursday, 5 Feb 2015 01:00am EST 

Tieto Oyj:Expects its FY 2015 operating profit (EBIT) excluding one-off items to increase from previous year's level.Reported operating profit excl. one-off items of 150.2 million eros for FY 2014.FY 2015 EBIT 153.03 million euros-Thomson Reuters I/B/E/S.  Full Article

Tieto Oyj initiates personnel negotiations
Tuesday, 13 Jan 2015 02:20am EST 

Tieto Oyj:Has initiated personnel negotiations affecting up to 500 positions in Finland and 340 in other countries.Says it is expected that reductions will be implemented during 2015.Currently estimates that it will book some 35 million euros in restructuring costs related to these actions, mainly in first half of 2015.Anticipates that actions will result in annualized gross savings of around 50 million euros.  Full Article

Tieto to make maximum 300 employees redundant or temporarily laid off
Friday, 14 Nov 2014 08:30am EST 

Tieto Oyj:Concludes personnel negotiations in product development services in Finland.Says maximum of 300 employees will be made redundant or temporarily laid off.Redundancies will mainly be implemented by end of March and rest by end of Oct. 2015.  Full Article

BRIEF-Tieto refinances its long-term syndicated credit facility

* Says has refinanced its long-term syndicated credit facility with a new facility of 150 million euros ($167.60 million)

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