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2009-04-14 11:00:00 CEST 2009-04-14 11:02:23 CEST REGULATED INFORMATION TietoEnator Oyj - Company AnnouncementTieto's comparison figures for 2008 in accordance with the new business structureTietoEnator Corporation Stock Exchange Release 14 April 2009, 12.00 am EET Tieto's new business structure and operating model took effect at the beginning of 2009. The new structure is based on country operations, industries and service lines. In line with Tieto's new operating model, internal reporting and the IFRS requirements, Tieto has adopted new financial reporting structure at the beginning of 2009. The countries will be the main operating segments and the reporting will cover Finland, Sweden and International. Reportable segments are defined based on IFRS8, 'Operating Segments'. On these segments, Tieto will disclose a range of quarterly figures as required by the IFRS. In addition to country reporting, Tieto will disclose the net sales by customer segments, which are telecom, finance and other segments. In 2008, Tieto reported the net sales by business area and customer segment. Deviating from the IFRS8, Tieto will start to report the Group net sales by products and services in 2010. The new standard IFRS8, 'Operating Segments', which replaces IAS 14, is adopted by Tieto in 2009. The new standard requires a "management approach", under which segment information is presented on the same basis as that used for internal reporting purposes. The number of reportable segments, as well as the manner in which the segments are reported, will be changed to conform with internal reporting. In a matrix organization, the company shall determine the reportable operating segments so that the company can provide sufficient information to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates. The first interim report of 2009 to be published on 24 April 2009 will be prepared in accordance with the new reporting structure. Tieto's business area based financial reporting for 2008 has been adjusted for the changes. The tables below are also available in excel format at www.tieto.com/Financials/Reporting changes Net sales by country, EUR million (reportable segment) 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 232 230 198 244 905 Sweden 141 144 123 141 548 International 135 144 140 152 571 Group elimination incl. other -40 -37 -36 -45 -158 Group total 468 480 425 492 1 866 Operating profit (EBIT) by country, EUR million 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 30.0 32.6 26.3 28.7 117.6 Sweden 9.7 7.4 14.1 17.6 48.7 International - 2.7 2.1 5.2 - 0.9 3.8 Countries total 37.0 42.1 45.6 45.4 170.2 Group operations incl. other - 12.4 - 12.6 - 11.7 - 21.9 - 58.6 Operating profit (EBIT) 24.6 29.6 33.9 23.6 111.6 Operating margin (EBIT) by country, % 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 12.9 14.2 13.3 11.8 13.0 Sweden 6.9 5.2 11.5 12.5 8.9 International -2.0 1.4 3.7 -0.6 0.7 Countries total 7.9 8.8 10.7 9.2 9.1 Operating margin (EBIT) 5.3 6.2 8.0 4.8 6.0 Net sales by customer segment, EUR million 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Telecom 167 172 147 162 648 Finance 104 102 92 104 402 Other segments 198 206 186 226 816 Group total 468 480 425 492 1 866 Total assets by country, EUR million 2008 2008 2008 2008 31 Mar 30 Jun 30 Sep 31 Dec Finland 478.4 485.5 497.7 453.4 Sweden 314.6 315.5 289.8 291.3 International 386.0 353.7 356.2 335.7 Group elimination - 21.9 - 17.4 - 17.0 - 27.3 Countries total 1 157.1 1 137.3 1 126.8 1 053.2 Group Operations 145.6 179.9 153.1 201.3 Total assets 1 302.7 1 317.3 1 279.8 1 254.5 Non-current assets according to asset location, EUR million 2008 2008 2008 2008 31 Mar 30 Jun 30 Sep 31 Dec Finland 252.7 253.3 259.3 254.3 Sweden 153.5 154.2 148.7 132.7 Other 164.4 163.9 166.4 155.9 Total non-current assets 570.6 571.4 574.4 542.9 Capital expenditure by country, EUR million 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 22.9 8.2 18.4 8.5 58.0 Sweden 3.2 4.1 1.6 0.6 9.5 International 3.4 3.5 2.6 1.2 10.7 Group Operations 0.6 1.3 0.7 2.4 5.0 Group total 30.1 17.1 23.2 12.8 83.2 Depreciation, EUR million 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 9.0 9.2 9.4 9.4 36.9 Sweden 2.4 2.1 2.0 2.1 8.5 International 1.5 1.5 1.6 1.7 6.4 Group Operations incl. other 1.0 1.1 1.0 1.1 4.1 Group total 13.8 13.8 14.0 14.3 56.0 Amortization on allocated intangible assets from acquisitions, EUR million 2008 2008 2008 2008 2008 1-3 4-6 7-9 10-12 1-12 Finland 0.7 - 0.4 0.1 0.1 0.5 Sweden 0.7 0.9 1.1 0.8 3.5 International 0.9 2.2 1.5 1.5 6.0 Group Operations incl. other 0.2 - 0.2 0.0 0.0 0.0 Group total 2.5 2.4 2.7 2.4 10.0 For further information, please contact: Seppo Haapalainen, CFO, tel. +358 2072 63500 Reeta Kaukiainen, EVP, Communications and Investor Relations, tel. +358 2072 68711, +358 50 522 0924, reeta.kaukiainen@tieto.com TIETOENATOR CORPORATION DISTRIBUTION NASDAQ OMX Helsinki NASDAQ OMX Stockholm Principal Media Tieto is an IT service company providing IT, R&D and consulting services. With approximately 16 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments. We specialize in areas where we have the deepest understanding of our customers' businesses and needs. Our superior customer centricity and Nordic expertise set us apart from our competitors. Tieto is our new brand name as of 1 December 2008. The official registered name of the company is TietoEnator Corporation. www.tieto.com |
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