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Statement from Fernando Fernandez, CEO

“We continued to outperform in developed markets in the third quarter, led by our strong innovation programme, and, following decisive interventions, stepped up our emerging markets performance with a return to growth in Indonesia and China. Growth was broad based across all Business Groups and driven by our Power Brands.

“Our performance excluding Ice Cream showed good sequential improvement, with a step up in volume growth. We expect to complete the Demerger of the Ice Cream business by the end of the year. This will create a simpler Unilever, with a sharper focus and structurally higher margin profile.

“We’re shaping a brand portfolio that’s built for the future – with more Beauty, Wellbeing and Personal Care, prioritising premium segments and digital commerce, and anchoring our growth in the US and India. By putting desire at scale at the core of our strategy, and executing with excellence across every channel, we’re setting Unilever up to win.”

Outlook

For full year 2025, our outlook is unchanged, and applies both including and excluding Ice Cream.

We expect underlying sales growth to be within our range of 3% to 5%. Second half growth is expected to be ahead of the first half, despite subdued market conditions. This reflects our continued strength in developed markets and improving performance in emerging markets.

We continue to anticipate an improvement in underlying operating margin for the full year, with second half margins of at least 18.5% (or at least 19.5% excluding Ice Cream), a significant improvement versus the second half of 2024.

Third Quarter Review: Unilever Group

Growth

Underlying sales growth in the third quarter was 3.9%, with 1.5% from volume and 2.4% from price. All Business Groups delivered underlying sales growth above 3% and Power Brands, which contributed 78% of turnover, saw underlying sales growth of 4.4%, 1.7% from volume and 2.6% from price.

Underlying sales growth was 4.0% excluding Ice Cream, with 1.7% from volume and 2.2% from price, representing a sequential improvement from 3.1% in the second quarter.

Beauty & Wellbeing accelerated underlying sales growth to 5.1%, with 2.3% from volume and 2.7% from price, led by double-digit growth in: Dove hair, Vaseline, Liquid I.V., Nutrafol, Hourglass, and K18. In Personal Care underlying sales grew 4.1%, with 1.0% from volume and 3.1% from price, as Dove’s premium innovations in both deodorants and skin cleansing continued to perform well.

Home Care delivered underlying sales growth of 3.1%, with 2.5% from volume and 0.6% from price, supported by double-digit growth from Cif and Domestos. In Foods, underlying sales growth of 3.4%, with 1.3% from volume and 2.1% from price, was led by strong momentum in Hellmann’s. Ice Cream delivered 3.7% underlying sales growth. This was led by price as the business lapped a mid-single digit volume comparator.

Developed markets (44% of group turnover) underlying sales growth was 3.7%, with 2.7% from volume and 1.0% from price. This was led by a strong performance in North America, with volume-led underlying sales growth of 5.5% driven by Personal Care and Beauty & Wellbeing. In Europe, underlying sales growth was 1.1% against a strong comparator in the prior year.

Emerging markets (56% of group turnover) underlying sales growth stepped up sequentially to 4.1%, 0.6% from volume and 3.5% from price. In India underlying sales growth was 2%, reflecting a transitory negative impact on sales growth from Goods and Services Tax reforms. The reforms are anticipated to support long-term demand improvement across key categories, with trading conditions expected to normalise from November.

China delivered low-single digit underlying sales growth. We are seeing early success from our more focused and tailored go-to-market approach and the premiumisation of our portfolio. Indonesia returned to growth, driven by our extensive reset of the business and against a softer comparator, with underlying sales growth of 12.7%. Latin America declined -2.5%, against a backdrop of challenging economic conditions, and we expect to see improvement during 2026.

Turnover was €14.7 billion, down -3.5% versus the prior year, including -6.1% from currency and -1.0% from disposals net of acquisitions.

Ice Cream Demerger

The Demerger of Unilever’s Ice Cream business will make Unilever a simpler, more focused company and create a world-leading Ice Cream business, The Magnum Ice Cream Company (TMICC). As previously announced, there has been a revision to the timetable for the Demerger as a result of the ongoing US federal government shutdown. All preparatory work remains on track and progressing well and we remain committed to and confident of implementing the Demerger in 2025. We will provide further updates on the revised timetable as soon as practicable.

Qualifying Shareholders that are on the Unilever register of members as at the Demerger Record Time will receive one TMICC Share for every five Unilever Shares that they hold. Likewise, qualifying ADS Holders will receive one TMICC Share for every five Unilever ADSs that they hold.

Upon Demerger Unilever will retain a stake of c.19.9% in TMICC, for a period of up to five years. Over time, the retained stake will be sold down in an orderly and considered manner to pay separation costs and maintain capital flexibility through a reduction in net debt. The retained stake demonstrates our support and belief in TMICC.

We expect the Ice Cream Business Group to be reported on by Unilever as a discontinued operation from the fourth quarter.

Unilever share capital consolidation

Unilever expects to consolidate its share capital following completion of the Demerger, as approved by shareholders on 21 October. This share consolidation, which will reduce the total number of shares in issue, is designed to maintain comparability between Unilever’s share price, earnings per share and dividends per share before and after the Demerger. The consolidation is expected to become effective the day after the commencement of dealings in TMICC shares.

Productivity programme

Our productivity programme, launched in 2024 to simplify the business and further evolve our category-focused business model, remains ahead of plan in its delivery of €800 million of savings. We continue to expect around €650 million of savings by the end of 2025. The remaining €150 million of savings is to be delivered in 2026. For full year 2025, we now anticipate lower restructuring costs of around 1.2% of turnover.

Capital allocation

We continue to undertake targeted acquisitions to enhance focus and growth opportunities in selected areas. In September, we completed the previously announced acquisition of personal care brand Dr. Squatch as well as the sale of The Vegetarian Butcher.

The quarterly interim dividend for the third quarter is €0.4528, in line with Q2 2025 and up 3.0% versus Q3 2024. It is anticipated that Unilever will pay its quarterly dividend for Q4 2025 in full despite the expected completion of the Ice Cream Demerger in the fourth quarter.

Third Quarter Review: Business Groups

Beauty & Wellbeing (22% of Q3 turnover)

In Beauty & Wellbeing, we focus on three key priorities: premiumising our core Hair and Skin Care portfolios by emphasising brand superiority; fuelling the growth of our Prestige Beauty and Wellbeing portfolios with selective international expansion; and, continuing to strengthen our competitiveness through innovation and a social-first approach to consumer engagement.

Beauty & Wellbeing underlying sales grew 5.1% with 2.3% from volume and 2.7% from price. Growth accelerated versus the first half, led by double-digit growth in Dove hair, Vaseline, Liquid I.V., Nutrafol, Hourglass, and K18.

Hair Care was flat, with performance varying across brands. Dove grew double-digit with balanced volume and price supported by the successful rollout of its new fibre repair technology range. Tresemme grew low-single digit as strong momentum in styling and treatments was partially offset by a volume decline in the US as we took corrective pricing actions. Market softness in Brazil and China continued to impact Sunsilk and Clear, resulting in declines for both brands.

Core Skin Care grew mid-single digit with balanced volume and price. Vaseline grew double-digit, driven by volume. This growth was supported by premium innovations, including its new Cloud Soft Light Moisturiser in India.

Prestige Beauty grew mid-single digit led by volume as the prestige beauty market showed gradual improvement. Growth is varied with brands including Hourglass and K18 continuing to deliver double-digit growth, while Paula’s Choice and Dermalogica returned to low-single digit growth after declining in the first half.

Wellbeing delivered strong double-digit growth led by Liquid I.V. and Nutrafol, with significant household penetration gains in both brands. Liquid I.V.’s sugar-free range, which launched in mid-2023, continues to perform very well and now accounts for nearly 30% of total brand sales.

Personal Care (22% of Q3 turnover)

In Personal Care, we focus on winning with science-led brands that deliver unmissable superiority to our consumers across Deodorants, Skin Cleansing, and Oral Care. Our priorities include developing superior technology and multiyear innovation platforms, leveraging partnerships with our customers, and expanding into premium areas and digital channels.

Personal Care underlying sales grew 4.1%, with 1.0% from volume and 3.1% from price. Strong performance in North America and Asia Pacific Africa was partially offset by a decline in Latin America. Dove grew mid-single digit driven by the continued success of its premium innovations.

Deodorants grew low-single digit with positive price and flat volume. North America remained strong led by Dove, which was supported by the ongoing development of its whole-body range. This growth was partially offset by a decline in Latin America, where we continue to gain share despite a decline in category volume.

Skin Cleansing grew low-single digit driven by price. Dove grew mid-single digit led by continued success from its premium innovations and the launch of unique, limited-edition seasonal body wash ranges. Lifebuoy grew low-single digit as volumes remained subdued following commodity-driven price increases.

Oral Care grew high-single digit, led by Pepsodent and CloseUp. Growth was supported by continued success in premium innovation including whitening and naturals ranges.

Home Care (19% of Q3 turnover)

In Home Care, we focus on delivering for consumers who want superior products that are sustainable and great value. We drive growth through unmissable superiority in our biggest brands, in our key markets and across channels. We have a resilient business that spans price points and grows the market by premiumising and trading consumers up to additional benefits.

Home Care underlying sales grew 3.1%, with 2.5% from volume and 0.6% from price. Growth was led by sequential improvement in several key markets in Asia Pacific Africa, while a subdued market and pricing actions taken to restore competitiveness continued to impact performance in Brazil.

Fabric Cleaning was flat. Europe grew mid-single digit as the rollout of Wonder Wash continues to drive volume and competitive momentum. Wonder Wash is expected to reach 30 markets by the end of the year. This growth was partially offset by Brazil which remained a drag due to slow market conditions and pricing actions taken to restore competitiveness.

Home & Hygiene grew mid-single digit with balanced volume and price. Growth was led by Cif and Domestos, both delivering double-digit growth. Cif Infinite Clean, a multi-purpose cleaner powered by probiotics, has now rolled out across major European markets and is showing strong early results.

Fabric Enhancers grew high-single digit with continued volume led growth from Comfort.

Foods (21% of Q3 turnover)

In Foods, our strategy is to deliver consistent, competitive growth by offering unmissably superior products through our biggest brands. We do this by reaching more consumers and focusing on top dishes and high consumption seasons to satisfy consumers’ preferences on taste, health and sustainability; while delivering productivity and resilience in our supply chain.

Foods underlying sales grew 3.4%, with 1.3% from volume and 2.1% from price. Growth was led by strong momentum in Hellmann’s and a gradual recovery in key markets in Asia Pacific Africa.

Condiments delivered mid-single digit growth, driven by positive volume and price. Hellmann’s continued to perform well with mid-single digit growth led by volume. This was supported by competitive growth in developed markets and the ongoing success of the flavoured mayonnaise range, which grew strong double-digit, with particularly strong growth in Brazil.

Cooking Aids grew low-single digit, with positive volume and price. Knorr grew low-single digit supported by continued momentum in the US and the brand’s Unlimited Time Menu campaign, as well as recovery in Indonesia.

Unilever Food Solutions delivered low-single digit growth with positive volume and price. This was supported by growth in North America and China, which delivered low-single digit growth in the context of subdued markets.

Ice Cream (16% of Q3 turnover)

In Ice Cream, we are focused on continuing to strengthen the business in preparation for Ice Cream’s demerger in 2025. We are doing this by developing an exciting product pipeline, designing more efficient go-to-market strategies, optimising our supply chain, and building a dedicated sales team globally. The separation will create a world-leading business, operating in a highly attractive category with five of the top ten selling global ice cream brands.

Ice Cream underlying sales grew 3.7%, with 3.7% from price and flat volume as the business lapped a mid-single digit volume comparator. This competitive growth was driven by the continued success of its innovations and ongoing operational improvements.

In-home Ice Cream delivered low-single digit growth while Out-of-home Ice Cream grew mid-single digit. Cornetto led performance with high-single-digit growth, supported by the ongoing success of new flavours and formats across Europe and Asia. Ben & Jerry’s grew mid-single digit supported by the ongoing success of innovations launched in the first half, including new dairy and non-dairy flavours and Scoopapalooza, a mega pint format driving sharing occasions in the US. Magnum and Wall’s grew low single-digit against a strong prior year comparator.

As of 1 July, the Ice Cream Business Group transitioned into a standalone operating company within Unilever: The Magnum Ice Cream Company. The Demerger of TMICC is expected to complete in 2025.

We expect the Ice Cream Business Group will be reported on by Unilever as a discontinued operation from the fourth quarter.

Related Links

The 10s30s curve has stabilised to around 25bp over the past month, but with the Dutch pension fund reforms on our doorstep, we doubt that stability can hold. The Dutch central bank (DNB) published a piece that highlights the risks to markets given the significant flows anticipated. According to DNB, market analysts anticipate funds will reduce their government bond and swap holdings with maturities of more than 25 years by €100bn to €150bn. Without further specification, DNB suggests that these estimates correspond to approximately the average flows in swap markets for a regular month.

Estimating the exact amount and timing remains a challenge and depends on the assets and liabilities as of the transition date. In our view, this means that the actual market impact in January 2026 could go either way – even a flattening of the 10s30s due to over-positioning by other financial players cannot be dismissed. What we do expect, however, is to see increased volatility. Whilst implied volatility measures of 30Y swaptions have fallen over the past week, they remain elevated compared to those of shorter maturities.

At the same time, DNB thinks the risks are well managed, mitigating the chance of seeing market stress around the transition dates. From a regulatory perspective, funds are given a year to adjust hedges and other financial players should be well-prepared to absorb the anticipated flows. We think markets will be pushed to their limit as funds will have a first-mover advantage by trading before longer-dated rates rise against them.

From a structural view, we think the steepening from the back end could continue. Both governments and the European Central Bank continue to add to the supply of bonds that need to be absorbed by the market, whilst the demand from Dutch pension funds will not return. Having said that, we also don’t think 30Y yields will rise uncontrollably, because, with sufficient term premium and swap spreads, Dutch pension funds will also see value in holding these bonds.

Amsterdam,

ING announced today that Ljiljana Čortan will be appointed head of Wholesale Banking and succeed Andrew Bester no later than at the day of the Annual General Meeting in April 2026. Ljiljana is currently chief risk officer (CRO), member of the Executive Board and the Management Board Banking and will continue in these roles until the changes take effect, at which point she will step down from the Executive Board of ING Groep N.V.

Ljiljana joined ING and took on her current role in 2021. She has more than 25 years of international banking experience in various positions in risk, corporate banking, strategy and business development, among others as head of Corporate and Investment Banking Strategy for Central and Eastern Europe and global head of Financial Institutions, Banks and Sovereigns at UniCredit. Before joining ING, she was a member of the Management Board and CRO at HypoVereinsbank, a subsidiary of UniCredit Germany.

Steven van Rijswijk, CEO of ING, commented: “I am pleased that we have an excellent internal successor with a strong track record of execution and leadership; she is well suited to lead our Wholesale Banking business. Ljiljana knows the business and organisation very well and has a great understanding of the many opportunities we have to further strengthen, diversify and grow our business.”

“I would like to thank Andrew for his contributions during the last five years and his leadership of Wholesale Banking. Under his leadership, the foundations of our Wholesale Bank have strengthened significantly. His focus on client value, scaling up our business and attention to an inclusive culture have been highly valued. Andrew has positioned our wholesale bank well for further growth over the coming years.”

Ljiljana Čortan said: “I look forward to taking up the leadership of our Wholesale Banking business. In my role as CRO and through the many contacts I have had with our colleagues and clients, I have seen the dedication and expertise we have, and I believe we have all the necessary elements to realise our full potential. I look forward to working with our teams to deliver on the next phase of our strategy to become the best European Wholesale bank. I would like to thank Andrew for our cooperation over the years, and I look forward to continuing that for the coming months.”
Andrew Bester joined ING in April 2021 with more than 30 years of experience in banking and professional services including executive roles at Lloyds, Standard Chartered and Co-operative Bank.

Andrew said: “After a fulfilling and rewarding time at ING, it is time to step down from the Management Board and return to my UK home base to start the non-executive phase of my career. It has been a pleasure to help shape the bank to what it is today. I am grateful for the support, trust and collaboration shown by our clients. Thank you also to my fellow board members and all ING colleagues who have made my time so enjoyable. I look forward to continuing our good work in the coming months and in supporting an orderly handover to my board colleague Ljiljana.”

The appointment of Ljiljana Čortan as head of Wholesale Banking is subject to regulatory approval. The search for a successor as CRO has been initiated, and announcements will be made in due course.

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ING PROFILE

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

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Important legal information

Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

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Tietoevry Corporation     INTERIM REPORT 23 October 2025    9:00 a.m. (EEST)
 

• Organic growth 4%, or -1% eliminating the revenue related to a court ruling in Tietoevry Banking
• Tietoevry Care and Industry back to growth
• Adjusted operating margin 19.3% (12.8%), or 15.2% eliminating the court ruling effect in Tietoevry Banking
• Improved profitability in all businesses
• Cost optimization progressing towards the 2026 target of EUR 115 million – run-rate savings of EUR 75 million achieved by the end of the third quarter​
• The divestment of the Tech Services business completed during the quarter

The divestment of Tietoevry Tech Services was completed on 2 September. The business has been presented as a discontinued operation as from the first quarter of 2025. The financial information presented in this report concerns continuing operations, unless otherwise stated. The comparative information has been restated accordingly.

The full interim report with tables is available at the end of this release.
 

Full-year outlook for 2025 updated on 15 September

Tietoevry expects its organic¹⁾ growth to be in the range of -2% to 0% (revenue in 2024: EUR  1 879.5 million). The company estimates its full-year adjusted operating margin²⁾ (adjusted EBITA³⁾) to be 12.7–13.3% (12.0% in 2024).

The profitability outlook includes a negative IFRS 5-related impact of approximately 1.1 percentage points on the adjusted operating margin (EBITA) due to the Tech Services divestment. The impact comprises the costs that the company was not able to allocate to discontinued operations prior to the closing of the divestment on 2 September, and transition services income after that date.

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability
3) Profit before interests, taxes, amortization of acquisition-related intangible assets, goodwill and other intangible asset impairment
4) Company estimate
5) Cash flows combine the continuing and the discontinued operations; balance sheet comparative information not restated.

CEO comment by Endre Rangnes 

Progressing with execution of our strategic priorities: customer first, growth and lean cost structure

“Our third-quarter performance was healthy with early signs of margin recovery. Our organic growth totalled 4% and adjusted operating margin 19.3% – this development was largely driven by revenue related to a court ruling in Tietoevry Banking. When eliminating the positive contribution of this revenue, underlying growth remained at -1%. On a positive note, our underlying margin improved to 15.2% from 12.8% year-on-year, with higher profitability in all businesses, following the execution of our cost optimization efforts. Tietoevry Care and Tietoevry Industry turned to growth whereas revenue development in Tietoevry Create remained negative due to continued challenging market conditions.

Following the successful divestment of Tietoevry Tech Services during the quarter, we are now fully focused on executing our strategic priorities. This marks a pivotal phase for the company, where we are driving forward with a sharpened emphasis on customer centricity, growth and a lean cost structure – anchored by a strong execution mindset.

To accelerate commercial impact, we have launched a comprehensive sales focus programme across business units. This initiative includes a new sales governance model, better aligning demand and supply of competencies for the benefit of our customers, as well as harmonization of CRM systems and targeted sales training. These efforts are designed to reinforce customer trust, strengthen the sales pipeline and enhance incentive effectiveness. Furthermore, our AI programme will help us adopt the best practices of embedding AI in both offerings and sales – and provide AI tools to improve internal productivity.

We are actively transforming our business profile to support sustainable growth and improved profitability. Our strategic focus is on expanding cloud-native and AI-enabled solutions. Our ambition for growth is higher than our current performance, and we are pursuing international expansion for our proven Nordic software solutions. Early market responses – such as our latest win in Catalonia, Spain – are encouraging, though we expect the full impact to materialize over time due to longer lead cycles in new markets. We remain confident in our direction and committed to delivering long-term value for our customers and shareholders.

Our cost optimization programmes introduced earlier this year are progressing as planned towards the EUR 115 million target by the end of 2026. We achieved run-rate savings of EUR 75 million by the end of the third quarter – well in line with the ambition for this year.​

We are excited to introduce the next chapter of the company as well as our business plans at our Capital Markets Day in November. Reflecting on the active dialogue I have had with investors and across our stakeholder groups in the past months, we can be proud of our strong foundation, which comprises our long-term customer relations, relevant and renowned partners, market-leading vertical software assets, innovation capabilities and our talented people. This existing foundation combined with our clear strategy and relentless execution are the cornerstones of our future success.”

Financial performance by segment

For further information, please contact:

Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen (at) tietoevry.com

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288, tommi.jarvenpaa (at) tietoevry.com

A webcast for analysts and media will be held on 23 October at 10.00 a.m. EEST (9.00 a.m. CEST, 8.00 a.m. UK time). Endre Rangnes, President and CEO, and Tomi Hyryläinen, CFO, will present the results online in English. The presentation can be followed on Tietoevry’s website.

To take part in the questions and answers session after the presentation you will need to dial in by phone. You can access the teleconference by registering on this link. After registration you will be provided phone numbers, user ID and a conference ID to access the conference.

The event is recorded and it will be available on demand later during the day. Tietoevry publishes its financial information in English and Finnish.

Tietoevry Corporation

DISTRIBUTION

Nasdaq Helsinki

Nasdaq Stockholm

Oslo Børs

Principal Media

Tietoevry is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses* Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as our digital engineering business Tietoevry Create. Our around 15 000 talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology.

Tietoevry’s annual revenue is approximately EUR 2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com