Tieto cancels repurchased shares
The cancellation of 1,840,000 treasury shares reduces total shares to 112,830,150 as part of a EUR 150 million buyback programme.
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Nordic software and technology company
tieto.comLast updated
In short: Tieto reported improved profitability in 2026 despite lowering its growth outlook and facing a 110 million euro legal claim from Agilitas.
The cancellation of 1,840,000 treasury shares reduces total shares to 112,830,150 as part of a EUR 150 million buyback programme.
Organic growth declined 5%, but adjusted EBITA margin improved to 14.9% due to cost optimization. Edlevo and HR & Payroll divestments completed.
The buyback is related to proceeds from divestment of Indtech's Edlevo and HR&Payroll software businesses, aiming to maintain efficient capital structure.
The Board approved repurchase of up to 95,000 shares for key personnel incentive plans.
Tieto Oyj (FRA:TTEB) reports a significant profitability boost and announces a new share buyback program despite revising growth outlook due to weaker market demand.
The IT consultant Tieto reports figures for the second quarter of 2026 that are in line with the preliminary figures the company announced last week.
Tieto starts a new EUR 90 million share buyback program. Shares. The buyback program is funded from the proceeds from the sale of Edlevo and HR & Payroll software businesses.
IT company Tieto lowers its full-year forecast for organic sales growth to clearly negative, compared to previously a certain probability of zero growth. Stock loses...
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