Tietoevry Initiates Exit from Russia

Tietoevry has decided to exit its operations in russia. The company sees that in light of the ongoing military activity and the humanitarian crisis in Ukraine, the continuation of business in russia is ethically unsustainable. 

The exit process begins immediately, with due considerations towards employees and customers. 

We have all been shocked by the tragic situation in Ukraine, which insults modern societies and human values. Our top priority in this difficult situation is the safety of our people. In light of the recent developments, we have decided to initiate exiting our business in russia. We hope above everything else that the violence and sufferings in Ukraine end the soonest.

Kimmo Alkio

President and CEO at Tietoevry Corporation

Tietoevry continues to do the utmost to actively support our approximately 2000 employees and their families in Ukraine, including efforts to evacuate them to safer areas and providing necessities and advance salary payments.  

These actions are not expected to have any material impact on Group financials. Tietoevry russia accounts for approximately 0.4% of Group revenues. 

For more information: Tietoevry Newsdesk, news@tietoevry.com, +358 40 570 407 

Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.

Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs www.tietoevry.com .