Tieto's Half-Year Report 2026: Strong Profitability Shows Resilience in Weak Market
Tieto released its half-year report for 2026 on July 22. The company reported a -5% organic growth but saw a significant improvement in profitability due to a cost optimization program.
Tieto Corporation's half-year report for 2026, released on July 22, indicates the company's resilience in a weakening market, driven by strong profitability. The report shows a -5% organic growth, primarily reflecting reduced demand in the consulting sector.
Despite the decline in organic growth, the company's adjusted EBITA improved significantly by 5.5 percentage points to 14.9%. This enhanced profitability was achieved across all business segments, largely attributed to a comprehensive cost optimization program.
Furthermore, Tieto is accelerating the transformation of its tech consulting services by shifting competencies and upskilling employees in artificial intelligence. The company has also completed the divestment of its Edlevo and HR & Payroll businesses.
A new share buyback program valued at EUR 90 million has been launched. The company had previously updated its full-year growth outlook on July 17 to account for the weaker market conditions observed.