In December, Hannu Syrjälä was appointed as the Group’s new President and CEO. key figures Net sales, EUR million Operating profit excl.64 Tieto Enator also provides a printed Financial Review containing the official financial statements. In the international market, Tieto Enator focuses on selected competence areas, aiming to bolster its leadership as the partner for telecom R&D services and its good market position in the forest and oil & gas industries.The Financial Review 2007 is available on Tieto Enator’s Internet pages at it can be ordered by: e-mail [email protected] tel. Tieto Enator works with many internationally leading companies and grows in step with them in their main markets.Related to the programme, Tieto Enator will book restructuring costs, provisions and impairments totalling EUR 160 million.One-off costs of EUR 104.7 million materialized in 2007. The Performance Improvement Programme is expected to improve Tieto Enator’s profitability significantly.
According to the revised strategy, the target is to accelerate global sourcing.In three to five years from now, 40% of personnel will be located in offshore countries.At the end of 2007, 19% of personnel worked in offshore countries. Tieto Enator ��������������������������������������������������������������������������������� holds a ������������������������������������������������������������� leading position as a full-scale IT services provider in its home market in the Nordic countries and the Baltic Rim.Full-scale service provider in the home markets Highly specialized solutions for selected industries Banking, Energy, Forest, Government, Healthcare, Insurance, Manufacturing, Media, Retail, Telecom, Welfare Telecom R&D, Forest, Oil & Gas Tieto Enator annual review 2007 Year of focusing.Operating profit was burdened by several loss-making delivery projects and the challenges faced in the product-based solution business.