View ValuationBittium Oyj 将来の成長Future 基準チェック /56Bittium Oyj利益と収益がそれぞれ年間20.8%と18.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に20.8% 20.3%なると予測されています。主要情報20.8%収益成長率20.28%EPS成長率Software 収益成長16.4%収益成長率18.4%将来の株主資本利益率20.75%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報お知らせ • May 01Bittium Corporation Reiterates Earnings Guidance for the Year 2026Bittium Corporation reiterated earnings guidance for the year 2026. For the year, the company estimates the net sales to be EUR 140 million - EUR 155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26 million - EUR 32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.お知らせ • Feb 20+ 1 more updateBittium Oyj Provides Earnings Guidance for the Year 2026Bittium Oyj provided earnings guidance for the year 2026. For the year, the company expects net sales in 2026 to be EUR 140-155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26-32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.お知らせ • Jan 01Bittium Corporation Raises Earnings Guidance for the Year 2025Bittium Corporation raised earnings guidance for the year 2025. For the year, the company estimates net sales to be EUR 116 million – EUR 120 million (EUR 85.2 million in 2024) and the operating profit to be EUR 19 million – EUR 21 million (EUR 8.6 million in 2024) compared to previous guidance of net sales in 2025 to be EUR 95 million – EUR 105 million (EUR 85.2 million in 2024) and the operating profit to be EUR 10 million – EUR 13 million (EUR 8.6 million in 2024).お知らせ • Oct 25Bittium Oyj Reaffirms Earnings Guidance for the year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects the net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).お知らせ • Apr 29Bittium Oyj Reaffirms Earnings Guidance for the Year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).お知らせ • Oct 18Bittium Corporation Reaffirms Earnings Guidance for the Year 2024Bittium Corporation reaffirmed earnings guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • 8hInvestor sentiment improves as stock rises 16%After last week's 16% share price gain to €40.25, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 18x in the Software industry in the United Kingdom. Total returns to shareholders of 907% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.72 per share.Buy Or Sell Opportunity • May 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €35.90. The fair value is estimated to be €29.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 114%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.お知らせ • May 01Bittium Corporation Reiterates Earnings Guidance for the Year 2026Bittium Corporation reiterated earnings guidance for the year 2026. For the year, the company estimates the net sales to be EUR 140 million - EUR 155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26 million - EUR 32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €30.70, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 16x in the Software industry in the United Kingdom. Total returns to shareholders of 647% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.39 per share.お知らせ • Apr 22Bittium Oyj Announces Extraordinary Dividend, Payable by 30 September 2026Bittium Oyj at its AGM, to held on April 22, 2026, announced the payment of an extraordinary dividend of EUR 0.15 per share, by 30 September 2026. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant change in the business environment during the year 2026. The company will publish any possible decisions on dividend payment by the Board of Directors separately and will simultaneously confirm the dividend record and payment dates.Upcoming Dividend • Apr 16Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 76%. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.9%).お知らせ • Mar 31Bittium Oyj Proposes Extraordinary Dividend, Payable by 30 September 2026The Board of Directors of Bittium Oyj proposed that the Annual General Meeting authorize the Board of Directors to decide, at its discretion, on the payment of an extraordinary dividend of EUR 0.15 per share, by 30 September 2026. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant change in the business environment during the year 2026.お知らせ • Mar 17Bittium Corporation Appoints Hanna Hulkko as Senior Vice President, Engineering Services Business Segment, Effective June 11, 2026Bittium Corporation announced that M.Sc. (Eng.) Hanna Hulkko has been appointed as Senior Vice President of Bittium Corporation's Engineering Services Business Segment and a member of the Management Group as of June 11, 2026. In her role, she will report to Bittium Corporation's CEO Petri Toljamo. Hanna Hulkko has more than 20 years of experience in international B2B and public sector IT business, particularly in societally critical industries such as healthcare as well as defense & security sectors. Prior to her appointment, she held several leadership positions at Tieto, most recently being responsible for international sales and business development of the Data Driven Care business. Earlier in her career, she has been responsible for extensive product and business entities as well as significant profit and loss responsibilities. The current head of the Engineering Services Business Segment and member of the Management Group, Jari Inget, will continue in the Engineering Services Business Segment as Business Development Director, focusing on advancing the strategic focus areas.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €31.60, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total returns to shareholders of 706% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.40 per share.Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to €27.00, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Software industry in the United Kingdom. Total returns to shareholders of 539% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.16 per share.Reported Earnings • Feb 20Full year 2025 earnings released: EPS: €0.60 (vs €0.20 in FY 2024)Full year 2025 results: EPS: €0.60 (up from €0.20 in FY 2024). Revenue: €119.8m (up 40% from FY 2024). Net income: €21.3m (up 193% from FY 2024). Profit margin: 18% (up from 8.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 91% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Feb 20Now 23% undervaluedOver the last 90 days, the stock has risen 55% to €29.35. The fair value is estimated to be €38.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 113%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.お知らせ • Feb 20+ 1 more updateBittium Oyj Provides Earnings Guidance for the Year 2026Bittium Oyj provided earnings guidance for the year 2026. For the year, the company expects net sales in 2026 to be EUR 140-155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26-32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.お知らせ • Jan 01Bittium Corporation Raises Earnings Guidance for the Year 2025Bittium Corporation raised earnings guidance for the year 2025. For the year, the company estimates net sales to be EUR 116 million – EUR 120 million (EUR 85.2 million in 2024) and the operating profit to be EUR 19 million – EUR 21 million (EUR 8.6 million in 2024) compared to previous guidance of net sales in 2025 to be EUR 95 million – EUR 105 million (EUR 85.2 million in 2024) and the operating profit to be EUR 10 million – EUR 13 million (EUR 8.6 million in 2024).お知らせ • Dec 22Bittium Oyj, Annual General Meeting, Apr 22, 2026Bittium Oyj, Annual General Meeting, Apr 22, 2026.お知らせ • Dec 19+ 4 more updatesBittium Oyj to Report Nine Months, 2026 Results on Oct 29, 2026Bittium Oyj announced that they will report nine months, 2026 results on Oct 29, 2026Buy Or Sell Opportunity • Nov 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 84% to €18.54. The fair value is estimated to be €15.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.お知らせ • Oct 25Bittium Oyj Reaffirms Earnings Guidance for the year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects the net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).Buy Or Sell Opportunity • Oct 15Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to €14.30. The fair value is estimated to be €11.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%.New Risk • Sep 25New major risk - Revenue and earnings growthEarnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).お知らせ • Sep 24Bittium Oyj (HLSE:BITTI) acquired 24.90% stake in Kradient Intelligence Oy.Bittium Oyj (HLSE:BITTI) acquired 24.90% stake in Kradient Intelligence Oy on September 23, 2025. MarshallAI’s current owners and company management will remain significant shareholders even after Bittium’s investment. Bittium Oyj (HLSE:BITTI) completed the acquisition of 24.90% stake in Kradient Intelligence Oy on September 23, 2025.Buy Or Sell Opportunity • Sep 23Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to €14.64. The fair value is estimated to be €10.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.Reported Earnings • Aug 12First half 2025 earnings released: EPS: €0.042 (vs €0.065 in 1H 2024)First half 2025 results: EPS: €0.042 (down from €0.065 in 1H 2024). Revenue: €42.3m (up 12% from 1H 2024). Net income: €1.50m (down 35% from 1H 2024). Profit margin: 3.5% (down from 6.1% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Aug 08Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 72% to €11.30. The fair value is estimated to be €8.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.66, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total returns to shareholders of 111% over the past three years.New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 18Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €10.66. The fair value is estimated to be €8.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.13, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Software industry in the United Kingdom. Total returns to shareholders of 44% over the past three years.お知らせ • May 07Bittium Oyj Approves Dividend for the Financial Year January 1, 2024 - December 31, 2024, Payable on May 16, 2025The Board of Directors of Bittium Oyj approved a dividend of EUR 0.10 per share for the financial year January 1, 2024 - December 31, 2024. The dividend will be paid to a shareholder who, on the record date for the dividend payment, May 9, 2025, is registered in the company's shareholders' register maintained by Euroclear Finland Ltd. The dividend will be paid on May 16, 2025.Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 2.3% to €6.69. The fair value is estimated to be €8.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Upcoming Dividend • May 02Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (1.8%).New Risk • Apr 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).お知らせ • Apr 29Bittium Oyj Reaffirms Earnings Guidance for the Year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).New Risk • Mar 28New major risk - Revenue and earnings growthEarnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Mar 06Bittium Oyj Appoints Niina Huikuri as Senior Vice President, Medical Business Segment and A Member of Management Group as of May 1, 2025Niina Huikuri (Ms.Econ) has been appointed as Senior Vice President, Medical Business Segment and a member of Bittium Corporation's management group as of May 1, 2025. She will report to the CEO of Bittium Corporation. Laura Kauppinen, the current Senior Vice President, Medical Business Segment and a member of Bittium Corporation's management group has resigned from her position. She will continue in her position until April 30, 2025. Niina Huikuri has over 20 years of international commercial experience in the medical devices sector. She joins Bittium from her current position as Chief Commercial Officer of Askel Healthcare Ltd. Prior to her current role, she has worked in various management positions e.g. in Optomed and Johnson & Johnson, leading business development, product management as well as sales and marketing of medical sector products and services. She has experience in building international sales channels in the health technology sector, as well as successful commercialization of medical devices in the US.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.56, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the Software industry in the United Kingdom. Total returns to shareholders of 50% over the past three years.Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €6.30. The fair value is estimated to be €8.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.Reported Earnings • Feb 19Full year 2024 earnings released: EPS: €0.20 (vs €0.15 loss in FY 2023)Full year 2024 results: EPS: €0.20 (up from €0.15 loss in FY 2023). Revenue: €85.4m (up 13% from FY 2023). Net income: €7.30m (up €12.7m from FY 2023). Profit margin: 8.5% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Feb 18+ 4 more updatesBittium Oyj to Report First Half, 2025 Results on Aug 08, 2025Bittium Oyj announced that they will report first half, 2025 results on Aug 08, 2025New Risk • Dec 24New major risk - Revenue and earnings growthEarnings have declined by 57% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Dec 23Bittium Oyj, Annual General Meeting, May 07, 2025Bittium Oyj, Annual General Meeting, May 07, 2025. Location: oulu Finlandお知らせ • Dec 20+ 3 more updatesBittium Oyj to Report Q1, 2025 Results on Apr 29, 2025Bittium Oyj announced that they will report Q1, 2025 results at 8:00 AM, E. Europe Standard Time on Apr 29, 2025Reported Earnings • Oct 18Third quarter 2024 earnings released: €0.016 loss per share (vs €0.066 loss in 3Q 2023)Third quarter 2024 results: €0.016 loss per share (improved from €0.066 loss in 3Q 2023). Revenue: €14.0m (flat on 3Q 2023). Net loss: €600.0k (loss narrowed 75% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Oct 18Bittium Corporation Reaffirms Earnings Guidance for the Year 2024Bittium Corporation reaffirmed earnings guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: €0.045 (vs €0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.045 (up from €0.05 loss in 2Q 2023). Revenue: €20.8m (up 16% from 2Q 2023). Net income: €1.60m (up €3.40m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.お知らせ • Aug 09Bittium Corporation Reaffirms Financial Guidance for the Year 2024Bittium Corporation reaffirmed financial guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).お知らせ • Jun 06Bittium Corporation Announces Antti Näykki as Group Business Development, and Member of Management GroupBittium Corporation announced that Antti Näykki, Vice President, Group Business Development, and member of Bittium Corporations management group, has decided to leave the company and continue his career outside of Bittium. In addition to the role of Vice President, Group Business Development, Näykki has been responsible for the management of the group's research activities, supply chains and quality, as well as human resources and information management. The company has started to evaluate rearrangement options for organizing the responsibilities of the functions in the future. Näykki will continue to work for the company to support the transition of the tasks and responsibilities, however, no later than until September 4, 2024. As of September 5, 2024, Bittium Corporation's management group includes following persons: CEO Johan Westermarck (Chairman), CFO Petri Hiljanen, CLO Kari Jokela, Vice President Communications and Sustainability Karoliina Malmi, and the heads of Business Segments: Tommi Kangas, Senior Vice President, Defense & Security Business Segment, Jari Inget, Vice President, Engineering Services Business Segment, and Laura Kauppinen, Senior Vice President, Medical Business Segment.お知らせ • Apr 12Bittium Oyj Approves Dividend for the Financial Year Ended December 31, 2023, Payable on April 19, 2024Bittium Oyj at its AGM held on April 10, 2024, approved dividend of EUR 0.03 per share will be distributed for the financial year ended December 31, 2023. The dividend will be paid to a shareholder who, on the record date for the dividend payment, April 12, 2024, is registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd. The dividend will be paid on April 19, 2024.お知らせ • Apr 10+ 1 more updateBittium Oyj Approves Extraordinary DividendBittium Oyj at its AGM held on April 10, 2024, the Board of Directors to decide, at its discretion, on the payment of an extraordinary dividend of EUR 0.03 per share, by October 31, 2024. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant deterioration in the business environment during 2024. The company will publish any possible decisions on dividend payment by the Board of Directors separately, and simultaneously confirm the dividend record and payment dates.Upcoming Dividend • Apr 04Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 19 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (1.7%).New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 24Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)Full year 2023 results: €0.15 loss per share (down from €0.007 profit in FY 2022). Revenue: €75.5m (down 9.0% from FY 2022). Net loss: €5.43m (down €5.68m from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.お知らせ • Mar 22+ 1 more updateBittium Corporation Appoints Petri Hiljanen as Member of Management Group as of April 1, 2024Bittium Corporation announced Petri Hiljanen (M.Sc. Econ) has been appointed as member of company's Management Group as of April 1, 2024. He reports to CEO Johan Westermarck. Petri Hiljanen has most recently worked as CFO and member of the management team of Detection Technologies Plc. Before that, he was responsible for business development in Havator, and worked as CFO in several companies, such as Sesca, Pohjolan Designtalo, Buscom, and Jutel. In addition to this, he has experience as an auditor at Ernst & Young.Declared Dividend • Feb 11Dividend reduced to €0.03Dividend of €0.03 is 40% lower than last year. Ex-date: 11th April 2024 Payment date: 19th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.7%.Reported Earnings • Feb 10Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)Full year 2023 results: €0.15 loss per share (down from €0.007 profit in FY 2022). Revenue: €78.6m (down 5.3% from FY 2022). Net loss: €5.40m (down €5.65m from profit in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.お知らせ • Feb 09+ 1 more updateBittium Corporation Proposes Dividend for the Financial Year Ended December 31, 2023, Payable on April 19, 2024The Board of Directors of Bittium Corporation proposed to the Annual General Meeting that a dividend of EUR 0.03 per share be paid based on the balance sheet to be adopted for the financial year ended December 31, 2023. The dividend will be paid to a shareholder who, on the record date for the dividend payment, April 12, 2024, is registered in the shareholders' register maintained by Euroclear Finland Ltd. The Board of Directors proposes that the dividend payment date be April 19, 2024.お知らせ • Jan 24Bittium Corporation Appoints Antti Näykki as Vice President, Group Business Development from Senior Vice President, Medical Business Segment, Effective February 1, 2024Bittium Corporation announced that Antti Näykki, Senior Vice President, Medical Business Segment, Bittium Corporation (Engineer, Embedded Systems) has been appointed as Vice President, Group Business Development as of February 1, 2024. He will continue as a member of Bittium Corporation's management group. In this role, Näykki will focus on building Bittium's long-term growth. He will also be responsible for the management of the group's research activities, supply chains and quality, as well as human resources and information management. Näykki was responsible for Bittium Corporation's business development during the years 2019-2021 and in his new role will continue to advance the company's profitable growth strategy. Näykki reports to CEO Johan Westermarck. Laura Kauppinen, Bittium Corporation's Chief Development Officer (PhD, Psychology) has been appointed as Senior Vice President, Medical Business Segment as of February 1, 2024. Kauppinen will also continue as a member of Bittium Corporation's management group. Kauppinen started at Bittium in June 2023 as Chief Development Officer, leading the group's strategy update and a significant change process with the target to turn Bittium into a healthy company. In her new role, Kauppinen will focus on implementing the updated strategy to enable profitable growth in the Medical business. Kauppinen reports to CEO Johan Westermarck. As of February 1, 2024, Bittium Corporation's management group includes following persons: CEO Johan Westermarck(Chairman), CFO Antti Keränen, CLO Kari Jokela, Vice President Communications and Sustainability Karoliina Malmi,Vice President Group Business Development Antti Näykki, and the heads of Business Segments: Tommi Kangas, Senior Vice President, Defense & Security Business Segment, Jari Inget, Vice President, Engineering Services Business Segment, and Laura Kauppinen, Senior Vice President, Medical Business Segment.お知らせ • Dec 14+ 5 more updatesBittium Oyj to Report Nine Months, 2024 Results on Oct 18, 2024Bittium Oyj announced that they will report nine months, 2024 results on Oct 18, 2024New Risk • Nov 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Oct 20Bittium Corporation Provides Earnings Guidance for the Year 2023 and 2024Bittium Corporation provided earnings guidance for the year 2023 and 2024. For the year 2023, the company expects net sales to be at the same level or lower than in the previous year (EUR 82.5 million in 2022) and the operating result to be lower than in the previous year (EUR 0.3 million in 2022). For the year 2024, the company aims for an average annual net sales growth of more than 10 % and an operating profit level of 10% and estimates that it will achieve these goals in 2024.お知らせ • Sep 16Bittium Corporation Lowers Earnings Guidance for the Year 2023Bittium Corporation lowered earnings guidance for the year 2023. For the year, the company expects the net sales in 2023 to be at the same level or lower than in the previous year (EUR 82.5 million in 2022), and the operating result to be lower than in the previous year (EUR 0.3 million in 2022). The main reason for the decrease in net sales and operating profit is the delivery volumes of tactical communication products and security solutions in the Defense & Security business unit, which are realizing during the current year at a slower pace and with lower volumes than expected. Due to the decrease in the net sales and operating result, the cash flow in 2023 is expected to be negative. Previous Financial Outlook for 2023, published on August 4, 2023, in the Half-Year Financial Report January-June 2023: Bittium expected the net sales in 2023 to grow and the operating result to improve from the previous year (net sales EUR 82.5 million in 2022 and operating resultEUR 0.3 million in 2022). Cash flow in 2023 is expected to be positive.お知らせ • Aug 23+ 1 more updateBittium Corporation Continues to Develop Its Operations Towards Independent Business Units and Starts Change NegotiationsBittium Corporation has decided to start change negotiations as part of measures to improve its profitability and develop its operations towards independent business units. The change negotiations concern all Bittium group's subsidiaries in Finland, and the negotiations cover around 600 employees. The planned measures, if implemented, could lead to a termination of employment or lay-offs of a maximum of 80 employees. Change negotiations are initiated for financial and production-related reasons as well as for reasons related to the reorganization of the company's operations. The company has previously stated that it is developing its operations towards independent business units, which are Defense & Security, Medical Technologies, and Connectivity Solutions. The company aims at a clearer focus, growth, and improvement of its ability to generate profits. The development of operations will be completed during 2023, and the company will start segment-based reporting based on the new structure from the beginning of 2024 at the latest. As part of this development, the company plans to change its organizational structure to serve its independent business units more efficiently.お知らせ • Aug 14Bittium Announces Management ChangesJari Sankala, Senior Vice President, Defense & Security Business Unit of Bittium Corporation, and member of Bittium Corporation's management group, has decided to leave the company and continue his career outside of Bittium. Sankala will continue to work for the Company until February 14, 2024, acting as Advisor for the Defense & Security business to facilitate a smooth transition. Tommi Kangas (51, Master of Engineering, machine automation), Senior Vice President, Connectivity Solutions Business Unit and a member of Bittium Corporation's management group will take over to lead the Defense & Security Business Unit for the time being. While Kangas is focusing on the Defense & Security Business Unit, Jari Inget (46, MSc. Electrical Engineering) has been appointed as the interim Vice President, Connectivity Solutions Business Unit. Inget will also represent the Connectivity Solutions Business Unit in Bittium Corporation's management group. Inget has a long history in the Connectivity Solutions Business Unit in various management positions, most recently as business director. The changes will take effect immediately. Both Tommi Kangas and Jari Inget will report to Johan Westermarck, CEO of Bittium Corporation. As of August 14, 2023, Bittium Corporation's management group includes following persons: CEO Johan Westermarck (Chairman), CFO Antti Keränen, CLO Kari Jokela, Karoliina Malmi Vice President, Investor Relations, Communications and Marketing, CDO Laura Kauppinen, and the heads of business units: Antti Näykki, Senior Vice President, Medical Technologies; Tommi Kangas, Senior Vice President, Defense & Security (acting); and Jari Inget, Vice President, Connectivity Solutions (acting).Reported Earnings • Aug 07First half 2023 earnings released: €0.10 loss per share (vs €0.017 loss in 1H 2022)First half 2023 results: €0.10 loss per share (further deteriorated from €0.017 loss in 1H 2022). Revenue: €35.8m (down 14% from 1H 2022). Net loss: €3.60m (loss widened €3.00m from 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Jul 26Bittium Corporation Appoints Raimo Jyväsjärvi as an Advisor to the Board of DirectorsBittium Corporation has signed an agreement with Lieutenant General (ret) Raimo Jyväsjärvi (67 years, Master of Science in National Resource Strategy), according to which, effective immediately, Mr. Jyväsjärvi will act as an advisor to Bittium Corporation’s Board of Directors, especially regarding Defense & Security business. Since the beginning of 2016, Mr. Jyväsjärvi has worked at the Finnish Ministry of Defense as the national armaments director (NAD), department head and director general of the Resource Policy Department. Prior to this, he served as Deputy Chief of Staff Logistics and Armaments in the Defence Command in 2014-2015, Commander of the Finnish Army in 2011-2014, and Commanding General of the Army Materiel Command in 2009-2011. In 2008 and 2009, he held special assignments at the National Defense University in the United States.お知らせ • May 20Bittium Oyj (HLSE:BITTI) commences an Equity Buyback Plan for 3,500,000 shares, representing 9.8% of its issued share capital, under the authorization approved on April 12, 2023.Bittium Oyj (HLSE:BITTI) commences share repurchases on May 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2023. As per the mandate, the company is authorized to repurchase up to 3,500,000 shares, representing 9.8% of its share capital. The authorization is valid until June 30,2024. As of March 3, 2023, the company had 35,702,264 shares outstanding. On May 17, 2023, the company announced a share repurchase program. Under the program, the company will 240,000 shares, representing 0.67% of the total number of the Company’s shares, for €1 million. The share repurchases will commence on May 19, 2023, and end no later than on November 30, 2023.お知らせ • May 13+ 1 more updateBittium Corporation Announces Executive ChangesBittium Corporation announced changes in management group. Antti Keränen (43, M.Sc. Econ) has been appointed as Chief Financial Officer (CFO) of the company and a member of the management group as of June 1, 2023. He reports to CEO Johan Westermarck. Keränen joins the company from the capital investment company Sentica Partners, where he has worked for almost 15 years and served as Investment Director for the last 9 years. Before this, he has worked in corporate finance positions at Kaupthing Bank. Pekka Kunnari, CFO of the company and a member of the management team, has decided to leave the company and continue his career outside the company. He will continue working for the company until May 31, 2023. The following persons will continue in the group's management team: Johan Westermarck (CEO), Kari Jokela (CLO), Karoliina Malmi (Vice President, IR, Communications and Marketing), Tommi Kangas (Senior Vice President, Connectivity Solutions business unit), Antti Näykki (Senior Vice President, Medical Technologies business unit), and Jari Sankala (Senior Vice President, Defense & Security business unit). As of June 1, 2023, Bittium Corporation's management group includes the following persons: CEO Johan Westermarck (Chairman), CFO Antti Keränen, CLO Kari Jokela, Vice President, IR, Communications and Marketing Karoliina Malmi, CDO Laura Kauppinen, and the heads of business units: Jari Sankala (Defense & Security), Tommi Kangas (Connectivity Solutions) and Antti Näykki (Medical Technologies).Upcoming Dividend • Apr 06Upcoming dividend of €0.05 per share at 1.2% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 21 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.8%).Reported Earnings • Mar 24Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)Full year 2022 results: EPS: €0.007 (down from €0.093 in FY 2021). Revenue: €83.0m (down 5.1% from FY 2021). Net income: €253.0k (down 92% from FY 2021). Profit margin: 0.3% (down from 3.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)Full year 2022 results: EPS: €0.007 (down from €0.093 in FY 2021). Revenue: €85.7m (down 1.9% from FY 2021). Net income: €300.0k (down 91% from FY 2021). Profit margin: 0.4% (down from 3.8% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Feb 10Bittium Oyj Proposes Dividend for the Financial Period of January 1, 2022 - December 31, 2022, Payable on April 21, 2023The Board of Directors proposed that the Annual General Meeting to be held on April 12, 2023, resolve to pay EUR 0.05 per share as a dividend based on the balance sheet to be adopted for the financial period January 1, 2022 - December 31, 2022. The dividend will be paid to the shareholders who are registered in the company's register of shareholders as maintained by Euroclear Finland Ltd. on the dividend record date, April 14, 2023. The Board of Directors proposes that the dividend be paid on April 21, 2023.お知らせ • Dec 22+ 3 more updatesBittium Oyj to Report Fiscal Year 2022 Results on Feb 10, 2023Bittium Oyj announced that they will report fiscal year 2022 results at 8:00 AM, E. Europe Standard Time on Feb 10, 2023Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €0.017 (vs €0.015 in 2Q 2021)Second quarter 2022 results: EPS: €0.017 (up from €0.015 in 2Q 2021). Revenue: €23.7m (up 4.4% from 2Q 2021). Net income: €600.0k (up 20% from 2Q 2021). Profit margin: 2.5% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 31Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 19 April 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.7%). Lower than average of industry peers (2.0%).業績と収益の成長予測LSE:0JG5 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028224403548312/31/2027183342940412/31/2026142252736412/31/202512021715N/A9/30/2025105141523N/A6/30/20259062331N/A3/31/20258872028N/A12/31/20248571824N/A9/30/20248141017N/A6/30/202478029N/A3/31/202477-2-25N/A12/31/202376-5-71N/A9/30/202376-4-9-1N/A6/30/202377-3-12-3N/A3/31/202380-1-63N/A12/31/202283008N/A9/30/2022934-311N/A6/30/2022894613N/A3/31/2022884311N/A12/31/202187308N/A9/30/2021790-79N/A6/30/202176-1-58N/A3/31/2021770-77N/A12/31/2020792-97N/A9/30/2020847-712N/A6/30/2020859-611N/A3/31/2020808-710N/A12/31/2019758-910N/A9/30/2019665N/A5N/A6/30/2019686N/A9N/A3/31/2019665N/A4N/A12/31/2018634N/A-1N/A9/30/2018580N/A-6N/A6/30/201854-3N/A-11N/A3/31/201853-4N/A-5N/A12/31/201752-5N/A0N/A9/30/201759-2N/A-3N/A6/30/2017600N/A-1N/A3/31/2017632N/A-6N/A12/31/2016654N/A-2N/A9/30/2016613N/A1N/A6/30/2016582N/A3N/A3/31/2016572N/A-4N/A12/31/2015572N/A2N/A9/30/2015583N/A7N/A6/30/2015575N/A25N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0JG5の予測収益成長率 (年間20.8% ) は 貯蓄率 ( 3.4% ) を上回っています。収益対市場: 0JG5の収益 ( 20.8% ) はUK市場 ( 11.5% ) よりも速いペースで成長すると予測されています。高成長収益: 0JG5の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 0JG5の収益 ( 18.4% ) UK市場 ( 4.5% ) よりも速いペースで成長すると予測されています。高い収益成長: 0JG5の収益 ( 18.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0JG5の 自己資本利益率 は、3年後には高くなると予測されています ( 20.8 %)成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 05:54終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bittium Oyj 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Daniel LepistoDanske BankJuha KinnunenInderes OyMartti LarjoNordea Markets2 その他のアナリストを表示
お知らせ • May 01Bittium Corporation Reiterates Earnings Guidance for the Year 2026Bittium Corporation reiterated earnings guidance for the year 2026. For the year, the company estimates the net sales to be EUR 140 million - EUR 155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26 million - EUR 32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.
お知らせ • Feb 20+ 1 more updateBittium Oyj Provides Earnings Guidance for the Year 2026Bittium Oyj provided earnings guidance for the year 2026. For the year, the company expects net sales in 2026 to be EUR 140-155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26-32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.
お知らせ • Jan 01Bittium Corporation Raises Earnings Guidance for the Year 2025Bittium Corporation raised earnings guidance for the year 2025. For the year, the company estimates net sales to be EUR 116 million – EUR 120 million (EUR 85.2 million in 2024) and the operating profit to be EUR 19 million – EUR 21 million (EUR 8.6 million in 2024) compared to previous guidance of net sales in 2025 to be EUR 95 million – EUR 105 million (EUR 85.2 million in 2024) and the operating profit to be EUR 10 million – EUR 13 million (EUR 8.6 million in 2024).
お知らせ • Oct 25Bittium Oyj Reaffirms Earnings Guidance for the year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects the net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).
お知らせ • Apr 29Bittium Oyj Reaffirms Earnings Guidance for the Year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).
お知らせ • Oct 18Bittium Corporation Reaffirms Earnings Guidance for the Year 2024Bittium Corporation reaffirmed earnings guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).
Valuation Update With 7 Day Price Move • 8hInvestor sentiment improves as stock rises 16%After last week's 16% share price gain to €40.25, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 18x in the Software industry in the United Kingdom. Total returns to shareholders of 907% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.72 per share.
Buy Or Sell Opportunity • May 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €35.90. The fair value is estimated to be €29.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 114%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
お知らせ • May 01Bittium Corporation Reiterates Earnings Guidance for the Year 2026Bittium Corporation reiterated earnings guidance for the year 2026. For the year, the company estimates the net sales to be EUR 140 million - EUR 155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26 million - EUR 32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €30.70, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 16x in the Software industry in the United Kingdom. Total returns to shareholders of 647% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.39 per share.
お知らせ • Apr 22Bittium Oyj Announces Extraordinary Dividend, Payable by 30 September 2026Bittium Oyj at its AGM, to held on April 22, 2026, announced the payment of an extraordinary dividend of EUR 0.15 per share, by 30 September 2026. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant change in the business environment during the year 2026. The company will publish any possible decisions on dividend payment by the Board of Directors separately and will simultaneously confirm the dividend record and payment dates.
Upcoming Dividend • Apr 16Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 76%. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.9%).
お知らせ • Mar 31Bittium Oyj Proposes Extraordinary Dividend, Payable by 30 September 2026The Board of Directors of Bittium Oyj proposed that the Annual General Meeting authorize the Board of Directors to decide, at its discretion, on the payment of an extraordinary dividend of EUR 0.15 per share, by 30 September 2026. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant change in the business environment during the year 2026.
お知らせ • Mar 17Bittium Corporation Appoints Hanna Hulkko as Senior Vice President, Engineering Services Business Segment, Effective June 11, 2026Bittium Corporation announced that M.Sc. (Eng.) Hanna Hulkko has been appointed as Senior Vice President of Bittium Corporation's Engineering Services Business Segment and a member of the Management Group as of June 11, 2026. In her role, she will report to Bittium Corporation's CEO Petri Toljamo. Hanna Hulkko has more than 20 years of experience in international B2B and public sector IT business, particularly in societally critical industries such as healthcare as well as defense & security sectors. Prior to her appointment, she held several leadership positions at Tieto, most recently being responsible for international sales and business development of the Data Driven Care business. Earlier in her career, she has been responsible for extensive product and business entities as well as significant profit and loss responsibilities. The current head of the Engineering Services Business Segment and member of the Management Group, Jari Inget, will continue in the Engineering Services Business Segment as Business Development Director, focusing on advancing the strategic focus areas.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €31.60, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total returns to shareholders of 706% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.40 per share.
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to €27.00, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Software industry in the United Kingdom. Total returns to shareholders of 539% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.16 per share.
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: €0.60 (vs €0.20 in FY 2024)Full year 2025 results: EPS: €0.60 (up from €0.20 in FY 2024). Revenue: €119.8m (up 40% from FY 2024). Net income: €21.3m (up 193% from FY 2024). Profit margin: 18% (up from 8.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 91% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Feb 20Now 23% undervaluedOver the last 90 days, the stock has risen 55% to €29.35. The fair value is estimated to be €38.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 113%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.
お知らせ • Feb 20+ 1 more updateBittium Oyj Provides Earnings Guidance for the Year 2026Bittium Oyj provided earnings guidance for the year 2026. For the year, the company expects net sales in 2026 to be EUR 140-155 million (EUR 119.3 million in 2025) and operating profit to be EUR 26-32 million (EUR 19.4 million in 2025). The operating result will be affected by depreciations related to the license income received in 2026. Net sales and operating profit are expected to be weighted toward the second half of 2026.
お知らせ • Jan 01Bittium Corporation Raises Earnings Guidance for the Year 2025Bittium Corporation raised earnings guidance for the year 2025. For the year, the company estimates net sales to be EUR 116 million – EUR 120 million (EUR 85.2 million in 2024) and the operating profit to be EUR 19 million – EUR 21 million (EUR 8.6 million in 2024) compared to previous guidance of net sales in 2025 to be EUR 95 million – EUR 105 million (EUR 85.2 million in 2024) and the operating profit to be EUR 10 million – EUR 13 million (EUR 8.6 million in 2024).
お知らせ • Dec 22Bittium Oyj, Annual General Meeting, Apr 22, 2026Bittium Oyj, Annual General Meeting, Apr 22, 2026.
お知らせ • Dec 19+ 4 more updatesBittium Oyj to Report Nine Months, 2026 Results on Oct 29, 2026Bittium Oyj announced that they will report nine months, 2026 results on Oct 29, 2026
Buy Or Sell Opportunity • Nov 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 84% to €18.54. The fair value is estimated to be €15.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.
お知らせ • Oct 25Bittium Oyj Reaffirms Earnings Guidance for the year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects the net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).
Buy Or Sell Opportunity • Oct 15Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to €14.30. The fair value is estimated to be €11.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%.
New Risk • Sep 25New major risk - Revenue and earnings growthEarnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).
お知らせ • Sep 24Bittium Oyj (HLSE:BITTI) acquired 24.90% stake in Kradient Intelligence Oy.Bittium Oyj (HLSE:BITTI) acquired 24.90% stake in Kradient Intelligence Oy on September 23, 2025. MarshallAI’s current owners and company management will remain significant shareholders even after Bittium’s investment. Bittium Oyj (HLSE:BITTI) completed the acquisition of 24.90% stake in Kradient Intelligence Oy on September 23, 2025.
Buy Or Sell Opportunity • Sep 23Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to €14.64. The fair value is estimated to be €10.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.
Reported Earnings • Aug 12First half 2025 earnings released: EPS: €0.042 (vs €0.065 in 1H 2024)First half 2025 results: EPS: €0.042 (down from €0.065 in 1H 2024). Revenue: €42.3m (up 12% from 1H 2024). Net income: €1.50m (down 35% from 1H 2024). Profit margin: 3.5% (down from 6.1% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Aug 08Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 72% to €11.30. The fair value is estimated to be €8.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €10.66, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total returns to shareholders of 111% over the past three years.
New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 18Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €10.66. The fair value is estimated to be €8.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.13, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Software industry in the United Kingdom. Total returns to shareholders of 44% over the past three years.
お知らせ • May 07Bittium Oyj Approves Dividend for the Financial Year January 1, 2024 - December 31, 2024, Payable on May 16, 2025The Board of Directors of Bittium Oyj approved a dividend of EUR 0.10 per share for the financial year January 1, 2024 - December 31, 2024. The dividend will be paid to a shareholder who, on the record date for the dividend payment, May 9, 2025, is registered in the company's shareholders' register maintained by Euroclear Finland Ltd. The dividend will be paid on May 16, 2025.
Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 2.3% to €6.69. The fair value is estimated to be €8.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Upcoming Dividend • May 02Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (1.8%).
New Risk • Apr 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).
お知らせ • Apr 29Bittium Oyj Reaffirms Earnings Guidance for the Year 2025Bittium Oyj reaffirmed earnings guidance for the year 2025. The company expects net sales in 2025 to be EUR 95 million - EUR 105 million (EUR 85.2 million in 2024) and the operating result to be EUR 10 million - EUR 13 million (EUR 8.6 million in 2024).
New Risk • Mar 28New major risk - Revenue and earnings growthEarnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Mar 06Bittium Oyj Appoints Niina Huikuri as Senior Vice President, Medical Business Segment and A Member of Management Group as of May 1, 2025Niina Huikuri (Ms.Econ) has been appointed as Senior Vice President, Medical Business Segment and a member of Bittium Corporation's management group as of May 1, 2025. She will report to the CEO of Bittium Corporation. Laura Kauppinen, the current Senior Vice President, Medical Business Segment and a member of Bittium Corporation's management group has resigned from her position. She will continue in her position until April 30, 2025. Niina Huikuri has over 20 years of international commercial experience in the medical devices sector. She joins Bittium from her current position as Chief Commercial Officer of Askel Healthcare Ltd. Prior to her current role, she has worked in various management positions e.g. in Optomed and Johnson & Johnson, leading business development, product management as well as sales and marketing of medical sector products and services. She has experience in building international sales channels in the health technology sector, as well as successful commercialization of medical devices in the US.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.56, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the Software industry in the United Kingdom. Total returns to shareholders of 50% over the past three years.
Buy Or Sell Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to €6.30. The fair value is estimated to be €8.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
Reported Earnings • Feb 19Full year 2024 earnings released: EPS: €0.20 (vs €0.15 loss in FY 2023)Full year 2024 results: EPS: €0.20 (up from €0.15 loss in FY 2023). Revenue: €85.4m (up 13% from FY 2023). Net income: €7.30m (up €12.7m from FY 2023). Profit margin: 8.5% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Feb 18+ 4 more updatesBittium Oyj to Report First Half, 2025 Results on Aug 08, 2025Bittium Oyj announced that they will report first half, 2025 results on Aug 08, 2025
New Risk • Dec 24New major risk - Revenue and earnings growthEarnings have declined by 57% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Dec 23Bittium Oyj, Annual General Meeting, May 07, 2025Bittium Oyj, Annual General Meeting, May 07, 2025. Location: oulu Finland
お知らせ • Dec 20+ 3 more updatesBittium Oyj to Report Q1, 2025 Results on Apr 29, 2025Bittium Oyj announced that they will report Q1, 2025 results at 8:00 AM, E. Europe Standard Time on Apr 29, 2025
Reported Earnings • Oct 18Third quarter 2024 earnings released: €0.016 loss per share (vs €0.066 loss in 3Q 2023)Third quarter 2024 results: €0.016 loss per share (improved from €0.066 loss in 3Q 2023). Revenue: €14.0m (flat on 3Q 2023). Net loss: €600.0k (loss narrowed 75% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Oct 18Bittium Corporation Reaffirms Earnings Guidance for the Year 2024Bittium Corporation reaffirmed earnings guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).
Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: €0.045 (vs €0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.045 (up from €0.05 loss in 2Q 2023). Revenue: €20.8m (up 16% from 2Q 2023). Net income: €1.60m (up €3.40m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 09Bittium Corporation Reaffirms Financial Guidance for the Year 2024Bittium Corporation reaffirmed financial guidance for the year 2024. The company expects the net sales in 2024 to be EUR 85 million to EUR 95 million (EUR 75.2 million in 2023) and the operating result to be EUR 7.0 million to EUR 9.5 million (operating loss of EUR 4.3 million in 2023).
お知らせ • Jun 06Bittium Corporation Announces Antti Näykki as Group Business Development, and Member of Management GroupBittium Corporation announced that Antti Näykki, Vice President, Group Business Development, and member of Bittium Corporations management group, has decided to leave the company and continue his career outside of Bittium. In addition to the role of Vice President, Group Business Development, Näykki has been responsible for the management of the group's research activities, supply chains and quality, as well as human resources and information management. The company has started to evaluate rearrangement options for organizing the responsibilities of the functions in the future. Näykki will continue to work for the company to support the transition of the tasks and responsibilities, however, no later than until September 4, 2024. As of September 5, 2024, Bittium Corporation's management group includes following persons: CEO Johan Westermarck (Chairman), CFO Petri Hiljanen, CLO Kari Jokela, Vice President Communications and Sustainability Karoliina Malmi, and the heads of Business Segments: Tommi Kangas, Senior Vice President, Defense & Security Business Segment, Jari Inget, Vice President, Engineering Services Business Segment, and Laura Kauppinen, Senior Vice President, Medical Business Segment.
お知らせ • Apr 12Bittium Oyj Approves Dividend for the Financial Year Ended December 31, 2023, Payable on April 19, 2024Bittium Oyj at its AGM held on April 10, 2024, approved dividend of EUR 0.03 per share will be distributed for the financial year ended December 31, 2023. The dividend will be paid to a shareholder who, on the record date for the dividend payment, April 12, 2024, is registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd. The dividend will be paid on April 19, 2024.
お知らせ • Apr 10+ 1 more updateBittium Oyj Approves Extraordinary DividendBittium Oyj at its AGM held on April 10, 2024, the Board of Directors to decide, at its discretion, on the payment of an extraordinary dividend of EUR 0.03 per share, by October 31, 2024. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant deterioration in the business environment during 2024. The company will publish any possible decisions on dividend payment by the Board of Directors separately, and simultaneously confirm the dividend record and payment dates.
Upcoming Dividend • Apr 04Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 19 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (1.7%).
New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 24Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)Full year 2023 results: €0.15 loss per share (down from €0.007 profit in FY 2022). Revenue: €75.5m (down 9.0% from FY 2022). Net loss: €5.43m (down €5.68m from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 22+ 1 more updateBittium Corporation Appoints Petri Hiljanen as Member of Management Group as of April 1, 2024Bittium Corporation announced Petri Hiljanen (M.Sc. Econ) has been appointed as member of company's Management Group as of April 1, 2024. He reports to CEO Johan Westermarck. Petri Hiljanen has most recently worked as CFO and member of the management team of Detection Technologies Plc. Before that, he was responsible for business development in Havator, and worked as CFO in several companies, such as Sesca, Pohjolan Designtalo, Buscom, and Jutel. In addition to this, he has experience as an auditor at Ernst & Young.
Declared Dividend • Feb 11Dividend reduced to €0.03Dividend of €0.03 is 40% lower than last year. Ex-date: 11th April 2024 Payment date: 19th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.7%.
Reported Earnings • Feb 10Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)Full year 2023 results: €0.15 loss per share (down from €0.007 profit in FY 2022). Revenue: €78.6m (down 5.3% from FY 2022). Net loss: €5.40m (down €5.65m from profit in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 09+ 1 more updateBittium Corporation Proposes Dividend for the Financial Year Ended December 31, 2023, Payable on April 19, 2024The Board of Directors of Bittium Corporation proposed to the Annual General Meeting that a dividend of EUR 0.03 per share be paid based on the balance sheet to be adopted for the financial year ended December 31, 2023. The dividend will be paid to a shareholder who, on the record date for the dividend payment, April 12, 2024, is registered in the shareholders' register maintained by Euroclear Finland Ltd. The Board of Directors proposes that the dividend payment date be April 19, 2024.
お知らせ • Jan 24Bittium Corporation Appoints Antti Näykki as Vice President, Group Business Development from Senior Vice President, Medical Business Segment, Effective February 1, 2024Bittium Corporation announced that Antti Näykki, Senior Vice President, Medical Business Segment, Bittium Corporation (Engineer, Embedded Systems) has been appointed as Vice President, Group Business Development as of February 1, 2024. He will continue as a member of Bittium Corporation's management group. In this role, Näykki will focus on building Bittium's long-term growth. He will also be responsible for the management of the group's research activities, supply chains and quality, as well as human resources and information management. Näykki was responsible for Bittium Corporation's business development during the years 2019-2021 and in his new role will continue to advance the company's profitable growth strategy. Näykki reports to CEO Johan Westermarck. Laura Kauppinen, Bittium Corporation's Chief Development Officer (PhD, Psychology) has been appointed as Senior Vice President, Medical Business Segment as of February 1, 2024. Kauppinen will also continue as a member of Bittium Corporation's management group. Kauppinen started at Bittium in June 2023 as Chief Development Officer, leading the group's strategy update and a significant change process with the target to turn Bittium into a healthy company. In her new role, Kauppinen will focus on implementing the updated strategy to enable profitable growth in the Medical business. Kauppinen reports to CEO Johan Westermarck. As of February 1, 2024, Bittium Corporation's management group includes following persons: CEO Johan Westermarck(Chairman), CFO Antti Keränen, CLO Kari Jokela, Vice President Communications and Sustainability Karoliina Malmi,Vice President Group Business Development Antti Näykki, and the heads of Business Segments: Tommi Kangas, Senior Vice President, Defense & Security Business Segment, Jari Inget, Vice President, Engineering Services Business Segment, and Laura Kauppinen, Senior Vice President, Medical Business Segment.
お知らせ • Dec 14+ 5 more updatesBittium Oyj to Report Nine Months, 2024 Results on Oct 18, 2024Bittium Oyj announced that they will report nine months, 2024 results on Oct 18, 2024
New Risk • Nov 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Oct 20Bittium Corporation Provides Earnings Guidance for the Year 2023 and 2024Bittium Corporation provided earnings guidance for the year 2023 and 2024. For the year 2023, the company expects net sales to be at the same level or lower than in the previous year (EUR 82.5 million in 2022) and the operating result to be lower than in the previous year (EUR 0.3 million in 2022). For the year 2024, the company aims for an average annual net sales growth of more than 10 % and an operating profit level of 10% and estimates that it will achieve these goals in 2024.
お知らせ • Sep 16Bittium Corporation Lowers Earnings Guidance for the Year 2023Bittium Corporation lowered earnings guidance for the year 2023. For the year, the company expects the net sales in 2023 to be at the same level or lower than in the previous year (EUR 82.5 million in 2022), and the operating result to be lower than in the previous year (EUR 0.3 million in 2022). The main reason for the decrease in net sales and operating profit is the delivery volumes of tactical communication products and security solutions in the Defense & Security business unit, which are realizing during the current year at a slower pace and with lower volumes than expected. Due to the decrease in the net sales and operating result, the cash flow in 2023 is expected to be negative. Previous Financial Outlook for 2023, published on August 4, 2023, in the Half-Year Financial Report January-June 2023: Bittium expected the net sales in 2023 to grow and the operating result to improve from the previous year (net sales EUR 82.5 million in 2022 and operating resultEUR 0.3 million in 2022). Cash flow in 2023 is expected to be positive.
お知らせ • Aug 23+ 1 more updateBittium Corporation Continues to Develop Its Operations Towards Independent Business Units and Starts Change NegotiationsBittium Corporation has decided to start change negotiations as part of measures to improve its profitability and develop its operations towards independent business units. The change negotiations concern all Bittium group's subsidiaries in Finland, and the negotiations cover around 600 employees. The planned measures, if implemented, could lead to a termination of employment or lay-offs of a maximum of 80 employees. Change negotiations are initiated for financial and production-related reasons as well as for reasons related to the reorganization of the company's operations. The company has previously stated that it is developing its operations towards independent business units, which are Defense & Security, Medical Technologies, and Connectivity Solutions. The company aims at a clearer focus, growth, and improvement of its ability to generate profits. The development of operations will be completed during 2023, and the company will start segment-based reporting based on the new structure from the beginning of 2024 at the latest. As part of this development, the company plans to change its organizational structure to serve its independent business units more efficiently.
お知らせ • Aug 14Bittium Announces Management ChangesJari Sankala, Senior Vice President, Defense & Security Business Unit of Bittium Corporation, and member of Bittium Corporation's management group, has decided to leave the company and continue his career outside of Bittium. Sankala will continue to work for the Company until February 14, 2024, acting as Advisor for the Defense & Security business to facilitate a smooth transition. Tommi Kangas (51, Master of Engineering, machine automation), Senior Vice President, Connectivity Solutions Business Unit and a member of Bittium Corporation's management group will take over to lead the Defense & Security Business Unit for the time being. While Kangas is focusing on the Defense & Security Business Unit, Jari Inget (46, MSc. Electrical Engineering) has been appointed as the interim Vice President, Connectivity Solutions Business Unit. Inget will also represent the Connectivity Solutions Business Unit in Bittium Corporation's management group. Inget has a long history in the Connectivity Solutions Business Unit in various management positions, most recently as business director. The changes will take effect immediately. Both Tommi Kangas and Jari Inget will report to Johan Westermarck, CEO of Bittium Corporation. As of August 14, 2023, Bittium Corporation's management group includes following persons: CEO Johan Westermarck (Chairman), CFO Antti Keränen, CLO Kari Jokela, Karoliina Malmi Vice President, Investor Relations, Communications and Marketing, CDO Laura Kauppinen, and the heads of business units: Antti Näykki, Senior Vice President, Medical Technologies; Tommi Kangas, Senior Vice President, Defense & Security (acting); and Jari Inget, Vice President, Connectivity Solutions (acting).
Reported Earnings • Aug 07First half 2023 earnings released: €0.10 loss per share (vs €0.017 loss in 1H 2022)First half 2023 results: €0.10 loss per share (further deteriorated from €0.017 loss in 1H 2022). Revenue: €35.8m (down 14% from 1H 2022). Net loss: €3.60m (loss widened €3.00m from 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 26Bittium Corporation Appoints Raimo Jyväsjärvi as an Advisor to the Board of DirectorsBittium Corporation has signed an agreement with Lieutenant General (ret) Raimo Jyväsjärvi (67 years, Master of Science in National Resource Strategy), according to which, effective immediately, Mr. Jyväsjärvi will act as an advisor to Bittium Corporation’s Board of Directors, especially regarding Defense & Security business. Since the beginning of 2016, Mr. Jyväsjärvi has worked at the Finnish Ministry of Defense as the national armaments director (NAD), department head and director general of the Resource Policy Department. Prior to this, he served as Deputy Chief of Staff Logistics and Armaments in the Defence Command in 2014-2015, Commander of the Finnish Army in 2011-2014, and Commanding General of the Army Materiel Command in 2009-2011. In 2008 and 2009, he held special assignments at the National Defense University in the United States.
お知らせ • May 20Bittium Oyj (HLSE:BITTI) commences an Equity Buyback Plan for 3,500,000 shares, representing 9.8% of its issued share capital, under the authorization approved on April 12, 2023.Bittium Oyj (HLSE:BITTI) commences share repurchases on May 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2023. As per the mandate, the company is authorized to repurchase up to 3,500,000 shares, representing 9.8% of its share capital. The authorization is valid until June 30,2024. As of March 3, 2023, the company had 35,702,264 shares outstanding. On May 17, 2023, the company announced a share repurchase program. Under the program, the company will 240,000 shares, representing 0.67% of the total number of the Company’s shares, for €1 million. The share repurchases will commence on May 19, 2023, and end no later than on November 30, 2023.
お知らせ • May 13+ 1 more updateBittium Corporation Announces Executive ChangesBittium Corporation announced changes in management group. Antti Keränen (43, M.Sc. Econ) has been appointed as Chief Financial Officer (CFO) of the company and a member of the management group as of June 1, 2023. He reports to CEO Johan Westermarck. Keränen joins the company from the capital investment company Sentica Partners, where he has worked for almost 15 years and served as Investment Director for the last 9 years. Before this, he has worked in corporate finance positions at Kaupthing Bank. Pekka Kunnari, CFO of the company and a member of the management team, has decided to leave the company and continue his career outside the company. He will continue working for the company until May 31, 2023. The following persons will continue in the group's management team: Johan Westermarck (CEO), Kari Jokela (CLO), Karoliina Malmi (Vice President, IR, Communications and Marketing), Tommi Kangas (Senior Vice President, Connectivity Solutions business unit), Antti Näykki (Senior Vice President, Medical Technologies business unit), and Jari Sankala (Senior Vice President, Defense & Security business unit). As of June 1, 2023, Bittium Corporation's management group includes the following persons: CEO Johan Westermarck (Chairman), CFO Antti Keränen, CLO Kari Jokela, Vice President, IR, Communications and Marketing Karoliina Malmi, CDO Laura Kauppinen, and the heads of business units: Jari Sankala (Defense & Security), Tommi Kangas (Connectivity Solutions) and Antti Näykki (Medical Technologies).
Upcoming Dividend • Apr 06Upcoming dividend of €0.05 per share at 1.2% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 21 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.8%).
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)Full year 2022 results: EPS: €0.007 (down from €0.093 in FY 2021). Revenue: €83.0m (down 5.1% from FY 2021). Net income: €253.0k (down 92% from FY 2021). Profit margin: 0.3% (down from 3.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)Full year 2022 results: EPS: €0.007 (down from €0.093 in FY 2021). Revenue: €85.7m (down 1.9% from FY 2021). Net income: €300.0k (down 91% from FY 2021). Profit margin: 0.4% (down from 3.8% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 10Bittium Oyj Proposes Dividend for the Financial Period of January 1, 2022 - December 31, 2022, Payable on April 21, 2023The Board of Directors proposed that the Annual General Meeting to be held on April 12, 2023, resolve to pay EUR 0.05 per share as a dividend based on the balance sheet to be adopted for the financial period January 1, 2022 - December 31, 2022. The dividend will be paid to the shareholders who are registered in the company's register of shareholders as maintained by Euroclear Finland Ltd. on the dividend record date, April 14, 2023. The Board of Directors proposes that the dividend be paid on April 21, 2023.
お知らせ • Dec 22+ 3 more updatesBittium Oyj to Report Fiscal Year 2022 Results on Feb 10, 2023Bittium Oyj announced that they will report fiscal year 2022 results at 8:00 AM, E. Europe Standard Time on Feb 10, 2023
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €0.017 (vs €0.015 in 2Q 2021)Second quarter 2022 results: EPS: €0.017 (up from €0.015 in 2Q 2021). Revenue: €23.7m (up 4.4% from 2Q 2021). Net income: €600.0k (up 20% from 2Q 2021). Profit margin: 2.5% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 31Upcoming dividend of €0.04 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 19 April 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.7%). Lower than average of industry peers (2.0%).