Tietoevry cancels 810,000 treasury shares, stock buyback cuts share count

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 11:41.

Tietoevry (FI0009000277) has moved ahead with its share buyback plans, cancelling 810,000 treasury shares today under its EUR 150 million program as disclosed in a stock exchange release from Helsinki. The 29 June 2026 Tietoevry stock exchange release details the cancellation This transaction reduces the total number of shares and votes to 114,670,150, with the shares listed on Nasdaq Helsinki.

What the cancellation means

The company states that the cancellation of 810,000 treasury shares follows the decision on a EUR 150 million share buyback program announced on 12 February 2026, aimed at maintaining an efficient capital structure in line with its capital allocation principles. The official Tietoevry investor release outlines the buyback framework After the cancellation, registered with the Finnish Trade Register on 29 June 2026, Tietoevry holds a total of 660,000 treasury shares, including those repurchased by week 26.

The company confirms that repurchased shares under the program are to be cancelled on a monthly basis, gradually shrinking the share count over time. Tietoevry's February 2026 buyback announcement provides the program parameters A lower number of outstanding shares typically supports earnings per share metrics, while the remaining 660,000 treasury shares give the board continued flexibility for capital management or potential employee incentive schemes.

Buybacks and Nordic tech peers

Tietoevry’s move fits a broader pattern of Nordic telecoms and IT companies using buybacks alongside dividends to return capital, similar to Telenor’s ongoing repurchases reported in Oslo. Recent commentary on Telenor's 2026–2027 buyback program highlights this regional trend For investors, such programs can signal confidence in cash generation and a disciplined balance sheet, particularly in mature, cash-generative IT services businesses.

Across European markets, capital return strategies vary, with some large caps such as TotalEnergies combining buybacks and dividends under explicit frameworks reviewed by boards and regulators. MarketScreener coverage of TotalEnergies shows how energy majors structure capital returns Against this backdrop, Tietoevry’s EUR 150 million envelope is a meaningful signal relative to the company’s Helsinkilisted market capitalization and positions the stock among Nordic names emphasizing shareholder returns.

The business behind the stock

Tietoevry generates its revenue as a Nordicbased IT services and software provider, offering enterprise solutions, cloud services, and digital consulting to customers in sectors such as financial services, public administration, and manufacturing. The company’s Investor Relations overview describes its core business segments Its portfolio spans modernizing legacy systems, managing hybrid cloud infrastructures, and delivering industryspecific software, positioning the group as a key technology partner for digital transformation in Northern Europe.

Where the stock trades today

The Tietoevry shares (FI0009000277) trade on Nasdaq Helsinki, with the latest available quote before midday Helsinki time showing the stock changing hands at 27.50 euros on 2026-06-29, 11:30. Exchange data via the Tietoevry investor section provides recent price information

Disclaimer: This text is for information purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell securities. All data are based on sources deemed reliable but cannot be guaranteed. Investors should conduct their own research or consult a professional adviser before making investment decisions.