TietoEVRY Corp (FRA:TTEB)
€ 17.05 0.41 (2.46%) Market Cap: 2.02 Bil Enterprise Value: 2.95 Bil PE Ratio: 12.65 PB Ratio: 1.37 GF Score: 75/100
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Q3 2020 TietoEVRY Corp Earnings Call Transcript

Oct 27, 2020 / 08:00AM GMT
Release Date Price: €24.2 (+0.92%)
Tanja Lounevirta
TietoEVRY Oyj - Head of Financial Communications

Good morning, ladies and gentlemen. We have today announced our third quarter report. And to introduce the highlights of our progress during the quarter, we have here Kimmo Alkio, our President and CEO; and Tomi Hyryläinen, our CFO. (Operator Instructions). My name is Tanja Lounevirta, Head of Financial Communications. I warmly welcome you on my behalf. Now time to hand over to Kimmo. Please.

Kimmo Alkio
TietoEVRY Oyj - CEO & President

Thank you very much, Tanja, and a very warm welcome also, on my behalf, to our Q3 results announcement. The main highlights being that we did again experience a good quarter, a strong quarter. Main factors behind the third quarter being good development in the underlying operating margin of 14%. We are being impacted, like any of the peer group, through the pandemic and organic revenue growth being minus 4%. Good continued development in our Industry Software with profitability over 20% level. And we continue to make strong progress in the total merger

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