Tietoevry consensus view firms up, analysts see steady Nordic IT shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 16:00.

Tietoevry (FI0009000277) opens the end of the week with a defined analyst picture around its Nasdaq Helsinki listing. The Nordic IT services group is covered by several European brokerages that track the shares alongside peers such as Capgemini and CGI.

What analysts currently say

MarketScreener data show that around a dozen analysts follow Tietoevry, with a majority of ratings in the Buy or Outperform range and a smaller portion at Hold. Consensus 12-month price targets cluster moderately above the recent Helsinki share price, indicating a steady rather than aggressive upside profile.

According to Nordea and SEB equity research notes summarised on Finnish financial portals, analysts focus on Tietoevry's exposure to Nordic public-sector IT spending and its shift toward higher-margin software and cloud services. The houses highlight stable demand from government and financial clients but point to wage inflation and competition as margin constraints.

Estimates for revenue and margin

Consensus compiled on MarketScreener points to low single-digit revenue growth for Tietoevry in the current financial year, roughly in line with broader European IT services peers. Operating margin is expected to remain in the mid-teens area, reflecting a mix of long-term outsourcing contracts and more scalable software revenue.

Finnish business media report that analysts model only cautious improvement in profitability as restructuring and integration costs for past acquisitions taper off. Dividend forecasts assume Tietoevry will continue distributing a significant share of earnings, consistent with the company's established payout profile in the Nordic market.

How Tietoevry makes its money

Tietoevry generates most of its revenue from IT services, consulting and software solutions for clients in the public sector, finance, manufacturing and energy. The group offers managed services, cloud migration, data platforms and industry-specific applications across the Nordic region and selected international markets.

Where the shares trade today

The Tietoevry shares (FI0009000277) trade on Nasdaq Helsinki, with the latest price and market capitalization data provided by the exchange in euros as of the current session.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell Tietoevry shares or any other securities.