Friday 24. April 2009
Net sales and profits decline, outsourcing activity picking up
First-quarter net sales declined by 6% and amounted to EUR 438.0 (468.3) million. As 38% of Tieto’s net sales are generated in non-euro countries, the weakened currencies, especially the Swedish krona, had a negative impact on net sales in euros. In local currencies, net sales declined by 2%. Weak performance in the finance and telecom sectors had a negative impact on the Group’s net sales.