Tieto names new business heads and Tietoevry stock gains 2.05 percent

Published on 10/01/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tieto's Q2 margin reached 14.90 percent despite 5.00 percent organic decline. Tietoevry stock costs EUR 18.39 on October 1, 2026 versus EUR 18.02.

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Tietoevry stock (ISIN FI0009000277) was trading at EUR 18.39 at Lang & Schwarz on October 1, 2026 at 1:38 p.m. CEST, up 2.05 percent versus the prior close of EUR 18.02. The company appointed Johan Enger Nygaard and Bent Philipps to lead Tieto Tech Consulting and Tieto Indtech, respectively, effective October 1, 2026, according to Tieto in its September 16, 2026 stock exchange release.

New leaders take effect October 1

Nygaard and Philipps had served in interim roles since May 2026 before taking permanent responsibility for the two businesses. The same release also named Juuso Pajunen as chief financial officer, with his start planned for January 1, 2027, at the latest.

The appointments sharpen accountability at a company that is reshaping its software and consulting operations. Tieto's distribution statement identifies Nasdaq Helsinki and Nasdaq Stockholm as trading venues, while the business spans software, cloud, artificial intelligence and digital engineering services.

Profitability improves as revenue contracts

Tieto generated Q2 2026 revenue of EUR 427.00 million, while organic revenue declined 5.00 percent, according to Quartr on September 8, 2026. Adjusted EBITA margin improved to 14.90 percent in the same quarter, showing a wider profitability gain than the revenue trend.

That combination gives investors two opposing signals: cost control is lifting margins, but demand remains a constraint. Tieto's Q2 2026 operating result was reported at EUR 112.00 million, versus EUR 79.60 million in Q1 2026, while Q2 revenue fell from EUR 448.00 million in the first quarter.

Buybacks reduce the share count

Tieto cancelled 710,693 treasury shares on September 28, 2026, reducing total shares and votes to 110,219,457, according to Tieto. The action followed buyback programs announced in February and July 2026 and leaves the capital structure smaller than before the cancellation.

The next interim report is scheduled for October 27, 2026, according to Affarsvarlden. That date puts the next major test of margin resilience and demand trends within the fourth quarter.

Stock gains 2.05 percent in trading

Tietoevry stock was trading at EUR 18.39 at Lang & Schwarz on October 1, 2026 at 1:38 p.m. CEST, up 2.05 percent from the Lang & Schwarz prior close of EUR 18.02 on September 30, 2026. The move leaves the market weighing stronger profitability against the 5.00 percent organic revenue decline in Q2 2026. The further course of trading is shown by the continuously updated real-time quote of Tietoevry stock.