Organic growth is now expected to be negative 5–6 percent this year. Previous forecasts were for negative growth of 3–5 percent.
In a press release, Tieto says this is due to continued weak demand and the "ongoing transformation within Tieto Tech Consulting", one of the company's business areas.
At the same time, Tieto still expects profitability to be strong this year due to the "successful implementation of the cost optimization program and continued cost discipline."
The adjusted operating margin (EBITA) is expected to be 15.5–16 percent, up from the previous forecast of 14.8–15.8 percent.
