Tietoevry Corporation INSIDE INFORMATION 19 August 2025 8:00 a.m. EEST
On 3 June, the Norwegian Borgarting Court of Appeals issued its judgement on
Tietoevry's dispute with Sparebank1 Utvikling. The deadline for any potential
appeals to the Supreme Court ended yesterday, 18 August. Neither party has
appealed the decision and the court decision from 3 June remains valid.
“Tietoevry and SpareBank1 Utvikling have agreed to revitalize their partnership
with a shared commitment of strengthening the competitiveness of the SpareBank1
-alliance. Together with SpareBank1 Utvikling, Tietoevry will accelerate the
modernization and standardization of technological solutions, aiming to reduce
operational costs and boost the alliance's capacity for innovation”, comments
Endre Rangnes, President and CEO of Tietoevry.
The court ruling on the dispute will result in a positive impact on Tietoevry's
second-half 2025 financials. As disclosed in the half-year report, the
Borgarting Court of Appeals ruled in June in Tietoevry's favour on an increase
of approximately EUR 35 million (NOK 410 million) in fixed fee. Tietoevry
Banking will book a fixed fee increase of approximately EUR 24.5 million in the
third quarter, EUR 2.2 million in the fourth quarter and EUR 8.6 million during
2026 to its revenue.
Tietoevry will assess the impact of the combination of fixed fee increase,
current financial outlook of the businesses and the overall market development
on the company's full-year outlook.
For further information, please contact
Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com
Tietoevry Corporation
DISTRIBUTION
NASDAQ Helsinki
NASDAQ Stockholm
Oslo Børs
Principal Media
Tietoevry is a leading software and digital engineering services company with
global market reach and capabilities. We provide customers across different
industries with mission-critical solutions through our specialized software
businesses* Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as
our digital engineering business Tietoevry Create. Our 16 000* talented vertical
software, design, cloud and AI experts are dedicated to empowering our customers
to succeed and innovate with latest technology.
Tietoevry's annual revenue for the continuing businesses* is approximately EUR 2
billion. The company's shares are listed on the NASDAQ exchange in Helsinki and
Stockholm, as well as on Oslo Børs. www.tietoevry.com
* Tietoevry Tech Services is excluded due to the divestment signed in March
2025. The transaction is expected to close during Q3 2025.