Related-party transactions

Tieto discloses the information concerning related-party transactions in the report by the Board of Directors and notes of the financial statements. Further, the company evaluates and monitors transactions concluded between the company and its related parties and seeks to ensure that any conflicts of interest shall be taken into account in the decision making.

The related-party transactions are summarized in note 33 of the financial statements. Tieto does not currently consider the related-party transactions material from the perspective of the company. Furthermore, such transactions neither deviate from the company’s normal business operations nor are they made on terms that deviate from market equivalent.