Reported alternative performance measures

In accordance with the new guidelines on alternative performance measures issued by the European Securities and Markets Authority (ESMA) Tieto has revised the terminology used in its financial reporting. The term "adjusted items” has replaced the term "one-off items". Adjusted items include restructuring costs, capital gains/losses, goodwill impairment charges and other items.

Tieto uses alternative performance measures to better reflect its operational business performance and to enhance comparability between financial periods. They are reported in addition to, but not as a substitute for, the performance measures reported in accordance to IFRS.

EUR million 1–12/2016   1–12/2015  
Operating profit (EBIT) 140.8   125.2  
+ restructuring costs 14.8   29.6  
+ impairment losses -   -  
- capital gains -   -6.1  
+ capital losses 0.2   -  
+/- M&A related items -1.9   1.0  
+/- other -1.7 1)  1.1 2)
Adjusted operating profit (EBIT) 152.2   150.8