Endre Rangnes

President and CEO, Tietoevry Oyj

Search every verified Endre Rangnes interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Endre Rangnes, who was appointed permanent CEO of Tietoevry Oyj in July 2025 after serving as interim CEO since May, discussed the company's second-quarter results and outlined near-term priorities during a July 22 earnings call. He stated that the company has "a very solid market position, a strong software and services portfolio and also highly talented people," but added that "lack of revenue growth over a long period of time has resulted in a too high cost and SGNA base." Rangnes reported that net sales for the quarter were EUR 463.1 million, down 3% from the prior year, and the company recorded a net loss of EUR 34.3 million. Rangnes announced a cost optimization program "aiming to achieve a total cost saving of 115 million euros by year end 2026." He noted that the company sees growth potential in its banking and care segments, citing "early signals of international growth" in care and a "solid business plan to execute on in banking." Regarding leverage, Rangnes confirmed the company's target net debt-to-EBITDA ratio of 1-2 times, stating they were "not happy with 2.4" but expected improvement by year-end.