Tieto reported third-quarter revenue of EUR389.6 million, down 14% from EUR454.2 million a year earlier. Reported operating profit was unchanged at EUR56.5 million, while adjusted operating profit on its EBITA basis fell to EUR70.2 million from EUR87.8 million. The 27 October report therefore does not show one uniform direction across profit measures.
Read the revenue comparison with its earlier one-off contribution
Organic revenue, which removes currency, acquisition and divestment effects, declined 11% in July–September. Tieto identified seven percentage points of known headwinds: five points from the prior-year court-ruling contribution in Banktech and two from legacy contracts. These are the issuer’s explanations, not a calculation that the remaining business grew.
The 2025 quarter included EUR22 million of revenue linked to a court ruling concerning earlier deliveries. That contribution benefited last year’s adjusted operating margin by four percentage points. A reader comparing the quarters should retain that context rather than treat every decline as a like-for-like change in current customer demand.
Reported EBIT and adjusted EBITA are different measures
EBIT is reported operating profit before interest and tax. Tieto’s adjusted EBITA also removes acquisition-related intangible amortisation, goodwill and other intangible impairment, and specified comparability items. Its 18.0% adjusted EBITA margin was below 19.3% a year earlier; reported EBIT margin was 14.5% versus 12.4%. Neither operating measure is net profit.
The forecast change happened on 26 October
Tieto now forecasts full-year organic revenue growth of minus 6% to minus 5%, compared with minus 5% to minus 3% previously. It raised the adjusted EBITA margin range to 15.5%–16.0% from 14.8%–15.8%. Those revisions were announced the previous evening, not newly made in the 27 October interim report.
The useful next checks are whether demand and the consulting transformation improve revenue, and how the cost base supports margins. A higher forecast margin range does not establish a recovery in sales or a completed full-year result.
| Measure | Verified detail | Basis or condition | Official evidence |
|---|---|---|---|
| Q3 revenue | EUR389.6m vs EUR454.2m | Reported decline 14%; organic decline 11% | 27 October release |
| Reported operating profit (EBIT) | EUR56.5m vs EUR56.5m | Q3 2026 versus Q3 2025; unchanged | Interim report, p4 |
| Adjusted operating profit (EBITA) | EUR70.2m vs EUR87.8m | Alternative measure, not reported EBIT or net profit | Interim report, p4 |
| Adjusted EBITA margin | 18.0% vs 19.3% | Quarterly comparison; prior-year court-ruling benefit matters | Interim report, pp4–5 |
| 2026 organic-growth forecast | -6% to -5% | Updated 26 October, previously -5% to -3% | 26 October outlook release |
| 2026 adjusted EBITA margin forecast | 15.5%–16.0% | Updated 26 October, previously 14.8%–15.8% | 26 October outlook release |
Sources: Tieto interim-result announcement, 27 October 2026 at 9:00 a.m. EET, observed 2026-10-27T13:33:06.829Z; full Interim Report 3/2026, pages 4–5, observed 2026-10-27T13:33:07.520Z; and 26 October 2026 outlook revision, observed 2026-10-27T13:33:08.677Z. Figures are euros; quarterly financial information is unaudited. Actual comparisons and alternative-measure definitions were checked against the full report.
AI-assisted reporting checked against the linked official documents; not independent human editorial approval. Publisher-designated author: Tatai. Information only, not investment advice.
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