Tietoevry CorporationINTERIM REPORT 29 April 2025    9:00 a.m. (EEST)

.         Organic growth of -4% impacted by weak demand environment

.         Adjusted EBITA of 10.6% impacted by IFRS 5-related temporary cost
burden of 1.8 pp

.         Strong cash flow and strengthened order backlog - important customer
contracts in Banking and Care

.         Tech Services divestment - major step in repositioning Tietoevry as a
leading software and digital engineering company

.         Full-year outlook updated to reflect continuing operations

On 23 March 2025, Tietoevry announced that it had entered into an agreement to
divest its Tietoevry Tech Services business. Starting from the first quarter of
2025, Tietoevry has presented its Tech Services business as a discontinued
operation. The financial information presented in this report concerns
continuing operations, unless otherwise stated. The comparative information has
been restated accordingly. Tietoevry published restated financial information
for 2024 on 15 April 2025.

The full interim report with tables is available at the end of this release.

Continuing operations                               1-3/2025  1-3/2024
Revenue, EUR million                                470.8     492.4
     Organic growth1), %                            -4        0
     Acquisitions and divestments, %                0         3
     Foreign exchange rates, %                      0         -2
Total growth, %                                     -4        2
Organic growth adjusted for working days4), %       -3        1
Operating profit (EBIT), EUR million                26.0      42.1
Operating margin (EBIT), %                          5.5       8.6
Adjusted2) operating profit (EBITA3)), EUR million  49.8      60.0
Adjusted2) operating margin (EBITA3)), %            10.6      12.2

Continuing and discontinued operations combined     1-3/2025  1-3/2024
Cash flow from operating activities, EUR million    97.3      71.8
Interest-bearing net debt, EUR million              806.7     879.8

Full-year outlook for 2025 updated

Tietoevry Tech Services is reported as a discontinued operation as from the
first quarter and, consequently, Tietoevry is updating its guidance to reflect
continuing operations.

Tietoevry expects its organic1) growth to be in the range of -2% to +1% (revenue
in 2024: EUR  1 879.5 million). The company estimates its full-year adjusted
operating margin2) (adjusted EBITA3)) to be 12.0-13.0% (12.0% in 2024).

The profitability outlook assumes a negative impact of approx. 1.4 percentage
points on the adjusted operating margin (EBITA) related to IFRS 5. The impact
includes an estimate of the costs that cannot be allocated to continuing
operations and transition services income after the closing of the divestment of
Tietoevry Tech Services.

Previous outlook: Tietoevry expects its organic1) growth to be in the range of
-3% to +1% (revenue in 2024: EUR 2 802.6 million). The company estimates its
full-year adjusted operating margin2) (adjusted EBITA 3)) to be 12.0-13.0%
(12.3% in 2024).

1) Adjusted for currency effects, acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability

3) Profit before interests, taxes, amortization of acquisition-related
intangible assets and goodwill impairment.

4) Company estimate

CEO's comment

Comment regarding the interim report by Kimmo Alkio, President and CEO:

"The announced divestment of Tietoevry Tech Services was a key event during the
quarter, accelerating our focus to reposition Tietoevry as a leading software
and digital engineering company. While the prevailing economic uncertainty
requires us to keep a firm focus on efficiency, our investments are geared to
drive growth and expansion of our specialized businesses.

Our first-quarter performance in continuing operations was as anticipated,
although revenue development was still impacted by the soft economic
environment. While revenue growth was -4%, we were able to significantly improve
our order backlog, demonstrating healthy customer confidence. During the
quarter, the competitiveness of our continuing businesses was highlighted by new
contracts, especially in Tietoevry Banking and Tietoevry Care.

Adjusted operating margin for the quarter was 10.6%. This includes a negative
IFRS 5 impact of around 1.8 percentage points as Group operations costs for
supporting Tietoevry Tech Services are allocated to continuing operations until
the closing of the transaction. Our full-year guidance has been updated to
reflect the Tech Services divestment.

In this soft macroeconomic environment, it continues to be of high importance to
drive the efficiency of all the operations of the company. With this in mind, we
expect further cost structure optimization activities to continue in all
businesses.

We as Tietoevry are now two quarters away from accelerating our new era as a
software and digital engineering company. In the future, Tietoevry will become a
company focused on delivering world-class industry-specific software and design,
data and AI-centric digital engineering services.

For our Tech Services business and our approximately 7 000 colleagues working
for it, its future as an independent company represents the beginning of a new
era, building on its strong foundation and roots in the transformative managed
services arena.

Our four specialized businesses remain focused on innovation and future growth
opportunities. We are continuing to pursue our active agenda of promoting new
cloud, data and AI technologies in products and services delivered to clients.
Lifecare AI Search for Care Measures, the first AI solution deployed in
municipal care in Sweden, demonstrates our innovation capability. Thanks to its
intelligent search functionality, care professionals can now use natural
language search to retrieve the relevant procedural codes quickly and
accurately. Furthermore, Tietoevry Banking was recognized in the 2025
WealthTech100 list, which highlights the globe's most innovative wealth
technology providers - yet another achievement we can be proud of.

Regarding the ongoing devastating situation in Ukraine, we will continue to
support our local colleagues. We are very proud of our people for the commitment
and courage they keep on showing, and our hearts and minds remain with them.

In March, we published our first Sustainability Statement aligned with CSRD
requirements. It also marked the first yearly results of our Sustainability
Pledge introduced in 2024. This agenda is an integral part of our common
foundation for the company, focusing on ambitions and activities across three
pillars: climate action, ethical conduct and social impact. We remain firmly
committed to making progress in diversity, equity and inclusion - to foster a
winning equation of technology, innovation and humanity from the perspective of
all our stakeholders.

While Tietoevry, like any other enterprise, continues to optimize performance in
the midst of economic and geopolitical instability, we are firmly building the
future in products, services and technologies that will generate growth and
competitiveness for our company, our customers and society in the years ahead."

Financial performance by segment

              Revenue,  Revenue,  Growth,   Organic   Adjusted   Adjusted
Adjusted   Adjusted
                                  %         growth,   operating  operating
operating  operating
              EUR       EUR                 %
              million   million                       profit,    profit,
margin, %  margin, %

                                                      EUR        EUR
                                                      million    million
              1-3/2025  1-3/2024  1-3/2025  1-3/2024  1-3/2025   1-3/2024

Tietoevry     210.5     223.8     -6        -6        24.8       29.4       11.8
13.1
Create
Tietoevry     141.3     148.8     -5        -4        16.1       17.8       11.4
11.9
Banking
Tietoevry     57.3      58.6      -2        -2        14.1       16.5       24.7
28.2
Care
Tietoevry     68.3      69.8      -2        -2        8.4        11.4       12.4
16.3
Industry
Eliminations  -6.7      -8.6      -         -         -13.7      -15.1      -
-
and
non
-allocated
costs
Group total   470.8     492.4     -4        -4        49.8       60.0       10.6
12.2

For further information, please contact:

Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen
(at) tietoevry.com

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com

A teleconference for analysts and media will be held on 29 April at 10.00 a.m.
EEST (9.00 a.m. CEST, 8.00 a.m. UK time). Kimmo Alkio, President and CEO, and
Tomi Hyryläinen, CFO, will present the results online in English. The
presentation (https://tietoevry.events.inderes.com/q1-2025) can be followed on
Tietoevry's website (https://www.tietoevry.com/investors).

To take part in the questions and answers session after the presentation you
will need to dial in by phone. You can access the teleconference by registering
on this link (https://events.inderes.com/tietoevry/q1-2025/dial-in). After the
registration you will be provided phone numbers, user ID and a conference ID to
access the conference.

The event is recorded and it will be available on demand later during the day.
Tietoevry publishes its financial information in English and Finnish.

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.