18 October 2017
visit www.avoka.com

TietoEnator's Q2 net sales grow 11.5%

12 July 2005  |  1361 views  |  0 Source: TietoEnator

According to preliminary information TietoEnator expects its second quarter net sales growth to amount to around 11.5%, which is higher than the 7-10% guidance communicated in connection with the company's first quarter interim report.

Operating margin (EBIT) is expected to be around 9.5%, within the guided range of 7-10%. The margin excludes the capital gains from the divestment of Dotcom and the transactions with Alma Media. Capital gains totalled EUR 15 million.

The better than expected net sales performance has mostly taken place in TietoEnator's business areas Telecom & Media, Banking & Insurance and Production & Logistics. Performance based rewards from Telecom & Media's partnership contracts had a positive impact of around EUR 6 million on the business area's net sales and of around EUR 5 million on its operating profit in the second quarter. The consolidation process costs in Processing & Network had an around EUR 2 million negative impact on its operating profit in the second quarter.

TietoEnator will publish further information including the outlook for the rest of the year in its second quarter interim report on 22 July 2005 at 8.00 am EET.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15306 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8487 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7994 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7496 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6626 views comments | 8 tweets | 16 linkedin

Featured job

Find your next job