View Future GrowthBittium Oyj 과거 순이익 실적과거 기준 점검 5/6Bittium Oyj은 연평균 46.2%의 비율로 수입이 증가해 온 반면, Software 산업은 수입이 10.4% 증가했습니다. 매출은 연평균 4.1%의 비율로 증가했습니다. Bittium Oyj의 자기자본이익률은 16.3%이고 순이익률은 17.8%입니다.핵심 정보46.19%순이익 성장률46.22%주당순이익(EPS) 성장률Software 산업 성장률14.88%매출 성장률4.08%자기자본이익률16.31%순이익률17.82%다음 순이익 업데이트07 Aug 2026최근 과거 실적 업데이트공시 • 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, 2026공시 • 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, 2025공시 • 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 19Third 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 9.9% growth forecast for the Software industry in Germany. 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 5% per year, which means it is well ahead of earnings.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 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.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 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • May 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €40.00. The fair value is estimated to be €32.12, 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • Dec 22Bittium Oyj, Annual General Meeting, Apr 22, 2026Bittium Oyj, Annual General Meeting, Apr 22, 2026.공시 • 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, 2026공시 • 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).공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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, 2025공시 • Dec 23Bittium Oyj, Annual General Meeting, May 07, 2025Bittium Oyj, Annual General Meeting, May 07, 2025. Location: oulu Finland공시 • 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, 2025New Risk • Nov 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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 • Oct 19Third 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 9.9% growth forecast for the Software industry in Germany. 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 5% per year, which means it is well ahead of earnings.공시 • 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).New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 • 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 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.공시 • 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).공시 • 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.공시 • 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.공시 • 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 German dividend payers (4.7%). Lower than average of industry peers (1.2%).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 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.공시 • 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 12Dividend 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 0.7%, which is lower than the industry average of 1.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • Feb 11Full 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 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.공시 • 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.공시 • 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.Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be €6.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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 7.1% growth forecast for the Software industry in Germany. 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.공시 • 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.공시 • 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.공시 • 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 German dividend payers (4.7%). Lower than average of industry peers (1.7%).Reported Earnings • Mar 25Full 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 7.2% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as 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 7.8% growth forecast for the Software industry in Germany. 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 13% per year, which means it has not declined as severely as earnings.공시 • 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.공시 • Dec 22+ 5 more updatesBittium Oyj to Report Q1, 2023 Results on Apr 27, 2023Bittium Oyj announced that they will report Q1, 2023 results at 8:00 AM, E. Europe Standard Time on Apr 27, 2023공시 • Dec 09Bittium Oyj Announces Executive ChangesBittium announced that the Board of Directors appointed Johan Westermarck, Lic.Sc. (Econ), M.Sc. (Eng), as the Company's CEO as of April 1, 2023. Johan Westermarck has most recently served as CEO of Citec Group Oy Ab. Before this, Westermarck worked in several business management positions, such as the CEO of Maintpartner Group and management positions in the business operations of Eltel Networks Oy and Ahlstöm Machinery Oy. The current CEO of Bittium Corporation, Hannu Huttunen, announced on October 17, 2022, that he would leave the position of the company's CEO. Huttunen will continue in his position until March 31, 2023, after which he will continue as an advisor to the company's Board of Directors until the end of 2023.공시 • Oct 21Bittium Oyj Announces Earnings Guidance for the Year 2022Bittium Oyj announced earnings guidance for the year 2022. The company expects the net sales of 2022 to be at the same level as in the previous year (EUR 86.9 million in 2021), and the operating result of 2022 to be positive (EUR 3.2 million in 2021).공시 • Oct 17Bittium Corporation Announces Resignation of Hannu Huttunen as CEOMr. Hannu Huttunen, the CEO of Bittium Corporation has announced that he will leave his position as CEO of the Company. The Board of Directors of the company has initiated a search for a new CEO with the goal of having a new CEO selected by the beginning of next year. Mr. Hannu Huttunen will continue in his position until then with the full support of the Company's Board of Directors. It has been agreed that Mr. Huttunen will continue as an Advisor to the Company's Board of Directors until the end of 2023.Reported Earnings • Aug 06Second 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 7.8% growth forecast for the industry in Germany. 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 8% per year, which means it has not declined as severely as earnings.공시 • Aug 05Bittium Oyj Provides Sales Guidance for the Full Year 2022Bittium Oyj provides sales guidance for the full year 2022. The company expects the net sales of 2022 to be at the same level as in the previous year (EUR 86.9 million in 2021). Even though the operating result of the third quarter is expected be negative, the operating result of the whole year 2022 is expected to be positive (EUR 3.2 million in 2021).공시 • May 02Bittium Corporation Provides Earnings Guidance for the Period from January to June 2022Bittium Corporation provided earnings guidance for the period from January to June 2022. The company expected the net sales in January-June 2022 to be at the same level as in the previous year (EUR 39.7 million in January-June 2021) and the operating result to be negative (operating loss of EUR 0.7 million in January-June 2021). The second quarter operating result is expected to be positive.공시 • Apr 07Bittium Oyj Approves Dividend for the Financial Year January 1, 2021 - December 31, 2021, Payable on April 19, 2022Bittium Oyj announced at the AGM held on April 6, 2022, the shareholders approved the proposal of the Board of Directors, the Annual General Meeting decided that, based on thebalance sheet for the financial year January 1, 2021 - December 31, 2021, a dividend of EUR 0.04 per share will be distributed. The dividend shall be paid to shareholders who on the dividend record date of April 8, 2022, are registered in the company's shareholders' register held by Euroclear Finland Oy. The dividend shall be paid on April 19, 2022.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 German dividend payers (3.7%). Lower than average of industry peers (1.8%).Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.093 (up from €0.061 in FY 2020). Revenue: €87.4m (up 11% from FY 2020). Net income: €3.32m (up 52% from FY 2020). Profit margin: 3.8% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 4.1%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 11Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.092 (up from €0.061 in FY 2020). Revenue: €90.0m (up 14% from FY 2020). Net income: €3.30m (up 51% from FY 2020). Profit margin: 3.7% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 6.3%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • Feb 10Bittium Corporation Proposes Dividend for the Financial Period January 1, 2021 - December 31, 2021, Payable on April 19, 2022The board of directors of Bittium Oyj proposed that the annual general meeting to be held on April 6, 2022, resolve to pay EUR 0.04 per share as dividend based on the balance sheet to be adopted for the financial period January 1, 2021 - December 31, 2021. The proposed dividend corresponds to a total of EUR 1,428,090.56 as of the date of the notice of the annual general meeting. The proposed dividend exceeds the amount of a minority dividend, which would be EUR 63,739.56, i.e. approximately EUR 0.0018 per share. 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 8, 2022. The board of directors proposes that the dividend be paid on April 19, 2022.Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS €0.002 (vs €0.029 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €17.1m (up 22% from 3Q 2020). Net income: €100.0k (up €1.10m from 3Q 2020). Profit margin: 0.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS €0.014 (vs €0.035 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €23.4m (up 9.9% from 2Q 2020). Net income: €500.0k (down 60% from 2Q 2020). Profit margin: 2.1% (down from 5.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.공시 • Aug 06Bittium Oyj Provides Earnings Guidance for the Year 2021Bittium Oyj provided earnings guidance for the year 2021. The company expects the net sales in 2021 to grow from the previous year and the operating result to improve from the previous year.Executive Departure • Jun 02Senior Vice President of Sales Sammy Loitto has left the companyOn the 1st of June, Sammy Loitto's tenure as Senior Vice President of Sales ended after 2.7 years in the role. As of March 2021, Sammy personally held only 200.00 shares (€824 worth at the time). A total of 4 executives have left over the last 12 months.Executive Departure • Apr 20Independent Director has left the companyOn the 15th of April, Juha Putkiranta's tenure as Independent Director ended after 5.6 years in the role. As of December 2020, Juha personally held 16.46k shares (€96k worth at the time). A total of 3 executives have left over the last 12 months.Executive Departure • Apr 20Independent Director has left the companyOn the 15th of April, Seppo Makinen's tenure in the role of Independent Director ended. As of December 2020, Seppo personally held only 6.08k shares (€35k worth at the time). A total of 3 executives have left over the last 12 months.Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.061 (vs €0.21 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €78.7m (up 4.4% from FY 2019). Net income: €2.18m (down 72% from FY 2019). Profit margin: 2.8% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공시 • Mar 04Bittium Corporation Announces the Finnish Defence Forces Order Bittium Tac Win™ Products and Bittium Tough Comnode™ DevicesThe Finnish Defence Forces order Bittium Tactical Wireless IP Network™ (TAC WIN) system's products and Bittium Tough Comnode™ devices based on Framework Agreements on the purchase of the products. The value of the purchase order including Bittium TAC WIN system's products is approximately EUR 8.5 million (excl. VAT). The ordered tactical routers and radio heads are related to several ongoing projects in the Finnish Defense Forces, where Bittium TAC WIN provides broadband IP network connections for mobile communication stations and command posts. Bittium TAC WIN system's products are ordered based on a Framework Agreement between Bittium and the Finnish Defence Forces, according to which the Finnish Defence Forces purchase Bittium TAC WIN system's products for tactical communications. The Framework Agreement covers the years 2021-2024, with a total value of approximately EUR 30 million (excl. VAT) at the maximum. According to the Framework Agreement, the Finnish Defence Forces will issue separate purchase orders for the products each year. Bittium announced on December 22, 2020 that the Finnish Minister of Defence Anssi Kaikkonen had authorized the Finnish Defence Forces to purchase Bittium Tactical Wireless IP Network™ (TAC WIN) system's products. The value of the purchase order including Bittium Tough Comnode devices is approximately EUR 1.7 million (excl. VAT). Bittium Tough Comnode fulfills the data transfer needs of the Finnish Defence Forces' mobile troops by functioning for example as a VoIP phone (Voice over IP), an IP router (Internet Protocol), and an SHDSL repeater (Symmetrical High-speed Digital Subscriber Line). Bittium Tough Comnode devices are ordered based on a Framework Agreement signed by Bittium and the Finnish Defence Forces in 2018, according to which the Finnish Defence Forces purchase Bittium Tough Comnode devices and related accessories. The Framework Agreement covers the years 2018-2022, with a total value of approximately EUR 8.3 million (excl. VAT) at the maximum. According to the Framework Agreement, the Finnish Defence Forces will issue separate purchase orders for the products each year.공시 • Feb 13Bittium Corporation Announces Resignation of DirectorsBittium Corporation announced that current members of the Board Juha Putkiranta and Seppo Mäkinen have stated to the three largest shareholders that they will no longer be available for election as members of the Board of Directors.Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.062 (vs €0.21 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €79.6m (up 5.6% from FY 2019). Net income: €2.20m (down 71% from FY 2019). Profit margin: 2.8% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 12Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 5.7%, compared to a 26% growth forecast for the Software industry in Germany.Is New 90 Day High Low • Jan 26New 90-day high: €7.08The company is up 1.0% from its price of €7.00 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period.공시 • Dec 15Bittium Oyj to Report Q1, 2021 Results on Apr 29, 2021Bittium Oyj announced that they will report Q1, 2021 results at 8:00 AM, E. Europe Standard Time on Apr 29, 2021매출 및 비용 세부 내역Bittium Oyj가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:JOT 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25120211030 Sep 25105141030 Jun 259061031 Mar 258871031 Dec 248571030 Sep 248141030 Jun 247801031 Mar 2477-21031 Dec 2376-51030 Sep 2376-41030 Jun 2377-31031 Mar 2380-11031 Dec 228301030 Sep 229342030 Jun 228941031 Mar 228841031 Dec 218731030 Sep 217901030 Jun 2176-11031 Mar 217701031 Dec 207921030 Sep 208471030 Jun 208591031 Mar 208081031 Dec 197581030 Sep 196651030 Jun 196861031 Mar 196651031 Dec 186341030 Sep 185802030 Jun 1854-33031 Mar 1853-43031 Dec 1752-53030 Sep 1759-24030 Jun 176003031 Mar 176323031 Dec 166543030 Sep 166133030 Jun 165823031 Mar 165723031 Dec 155723030 Sep 155833030 Jun 1557530양질의 수익: JOT는 고품질 수익을 보유하고 있습니다.이익 마진 증가: JOT의 현재 순 이익률 (17.8%)은 지난해 (8.5%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: JOT의 수익은 지난 5년 동안 연평균 46.2%로 크게 증가했습니다.성장 가속화: 지난 1년간 JOT 의 수익 증가율(193.7%)은 연간 평균(46.2%)을 초과합니다.수익 대 산업: JOT의 지난 1년 수익 증가율(193.7%)은 Software 업계의 19.3%를 상회했습니다.자기자본이익률높은 ROE: JOT의 자본 수익률(16.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 15:25종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bittium Oyj는 5명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel LepistoDanske BankJuha KinnunenInderes OyMartti LarjoNordea Markets2명의 분석가 더 보기
공시 • 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
공시 • 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
공시 • 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 19Third 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 9.9% growth forecast for the Software industry in Germany. 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 5% per year, which means it is well ahead of earnings.
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 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
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 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • May 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €40.00. The fair value is estimated to be €32.12, 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • Dec 22Bittium Oyj, Annual General Meeting, Apr 22, 2026Bittium Oyj, Annual General Meeting, Apr 22, 2026.
공시 • 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
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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
공시 • Dec 23Bittium Oyj, Annual General Meeting, May 07, 2025Bittium Oyj, Annual General Meeting, May 07, 2025. Location: oulu Finland
공시 • 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
New Risk • Nov 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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 • Oct 19Third 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 9.9% growth forecast for the Software industry in Germany. 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 5% per year, which means it is well ahead of earnings.
공시 • 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).
New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 • 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 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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 German dividend payers (4.7%). Lower than average of industry peers (1.2%).
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 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
공시 • 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 12Dividend 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 0.7%, which is lower than the industry average of 1.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • Feb 11Full 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 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
공시 • 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.
공시 • 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.
Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be €6.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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 7.1% growth forecast for the Software industry in Germany. 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.
공시 • 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.
공시 • 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.
공시 • 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 German dividend payers (4.7%). Lower than average of industry peers (1.7%).
Reported Earnings • Mar 25Full 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 7.2% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as 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 7.8% growth forecast for the Software industry in Germany. 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 13% per year, which means it has not declined as severely as earnings.
공시 • 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.
공시 • Dec 22+ 5 more updatesBittium Oyj to Report Q1, 2023 Results on Apr 27, 2023Bittium Oyj announced that they will report Q1, 2023 results at 8:00 AM, E. Europe Standard Time on Apr 27, 2023
공시 • Dec 09Bittium Oyj Announces Executive ChangesBittium announced that the Board of Directors appointed Johan Westermarck, Lic.Sc. (Econ), M.Sc. (Eng), as the Company's CEO as of April 1, 2023. Johan Westermarck has most recently served as CEO of Citec Group Oy Ab. Before this, Westermarck worked in several business management positions, such as the CEO of Maintpartner Group and management positions in the business operations of Eltel Networks Oy and Ahlstöm Machinery Oy. The current CEO of Bittium Corporation, Hannu Huttunen, announced on October 17, 2022, that he would leave the position of the company's CEO. Huttunen will continue in his position until March 31, 2023, after which he will continue as an advisor to the company's Board of Directors until the end of 2023.
공시 • Oct 21Bittium Oyj Announces Earnings Guidance for the Year 2022Bittium Oyj announced earnings guidance for the year 2022. The company expects the net sales of 2022 to be at the same level as in the previous year (EUR 86.9 million in 2021), and the operating result of 2022 to be positive (EUR 3.2 million in 2021).
공시 • Oct 17Bittium Corporation Announces Resignation of Hannu Huttunen as CEOMr. Hannu Huttunen, the CEO of Bittium Corporation has announced that he will leave his position as CEO of the Company. The Board of Directors of the company has initiated a search for a new CEO with the goal of having a new CEO selected by the beginning of next year. Mr. Hannu Huttunen will continue in his position until then with the full support of the Company's Board of Directors. It has been agreed that Mr. Huttunen will continue as an Advisor to the Company's Board of Directors until the end of 2023.
Reported Earnings • Aug 06Second 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 7.8% growth forecast for the industry in Germany. 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 8% per year, which means it has not declined as severely as earnings.
공시 • Aug 05Bittium Oyj Provides Sales Guidance for the Full Year 2022Bittium Oyj provides sales guidance for the full year 2022. The company expects the net sales of 2022 to be at the same level as in the previous year (EUR 86.9 million in 2021). Even though the operating result of the third quarter is expected be negative, the operating result of the whole year 2022 is expected to be positive (EUR 3.2 million in 2021).
공시 • May 02Bittium Corporation Provides Earnings Guidance for the Period from January to June 2022Bittium Corporation provided earnings guidance for the period from January to June 2022. The company expected the net sales in January-June 2022 to be at the same level as in the previous year (EUR 39.7 million in January-June 2021) and the operating result to be negative (operating loss of EUR 0.7 million in January-June 2021). The second quarter operating result is expected to be positive.
공시 • Apr 07Bittium Oyj Approves Dividend for the Financial Year January 1, 2021 - December 31, 2021, Payable on April 19, 2022Bittium Oyj announced at the AGM held on April 6, 2022, the shareholders approved the proposal of the Board of Directors, the Annual General Meeting decided that, based on thebalance sheet for the financial year January 1, 2021 - December 31, 2021, a dividend of EUR 0.04 per share will be distributed. The dividend shall be paid to shareholders who on the dividend record date of April 8, 2022, are registered in the company's shareholders' register held by Euroclear Finland Oy. The dividend shall be paid on April 19, 2022.
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 German dividend payers (3.7%). Lower than average of industry peers (1.8%).
Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.093 (up from €0.061 in FY 2020). Revenue: €87.4m (up 11% from FY 2020). Net income: €3.32m (up 52% from FY 2020). Profit margin: 3.8% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 4.1%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 11Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.092 (up from €0.061 in FY 2020). Revenue: €90.0m (up 14% from FY 2020). Net income: €3.30m (up 51% from FY 2020). Profit margin: 3.7% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 6.3%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • Feb 10Bittium Corporation Proposes Dividend for the Financial Period January 1, 2021 - December 31, 2021, Payable on April 19, 2022The board of directors of Bittium Oyj proposed that the annual general meeting to be held on April 6, 2022, resolve to pay EUR 0.04 per share as dividend based on the balance sheet to be adopted for the financial period January 1, 2021 - December 31, 2021. The proposed dividend corresponds to a total of EUR 1,428,090.56 as of the date of the notice of the annual general meeting. The proposed dividend exceeds the amount of a minority dividend, which would be EUR 63,739.56, i.e. approximately EUR 0.0018 per share. 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 8, 2022. The board of directors proposes that the dividend be paid on April 19, 2022.
Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS €0.002 (vs €0.029 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €17.1m (up 22% from 3Q 2020). Net income: €100.0k (up €1.10m from 3Q 2020). Profit margin: 0.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS €0.014 (vs €0.035 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €23.4m (up 9.9% from 2Q 2020). Net income: €500.0k (down 60% from 2Q 2020). Profit margin: 2.1% (down from 5.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.
공시 • Aug 06Bittium Oyj Provides Earnings Guidance for the Year 2021Bittium Oyj provided earnings guidance for the year 2021. The company expects the net sales in 2021 to grow from the previous year and the operating result to improve from the previous year.
Executive Departure • Jun 02Senior Vice President of Sales Sammy Loitto has left the companyOn the 1st of June, Sammy Loitto's tenure as Senior Vice President of Sales ended after 2.7 years in the role. As of March 2021, Sammy personally held only 200.00 shares (€824 worth at the time). A total of 4 executives have left over the last 12 months.
Executive Departure • Apr 20Independent Director has left the companyOn the 15th of April, Juha Putkiranta's tenure as Independent Director ended after 5.6 years in the role. As of December 2020, Juha personally held 16.46k shares (€96k worth at the time). A total of 3 executives have left over the last 12 months.
Executive Departure • Apr 20Independent Director has left the companyOn the 15th of April, Seppo Makinen's tenure in the role of Independent Director ended. As of December 2020, Seppo personally held only 6.08k shares (€35k worth at the time). A total of 3 executives have left over the last 12 months.
Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.061 (vs €0.21 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €78.7m (up 4.4% from FY 2019). Net income: €2.18m (down 72% from FY 2019). Profit margin: 2.8% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공시 • Mar 04Bittium Corporation Announces the Finnish Defence Forces Order Bittium Tac Win™ Products and Bittium Tough Comnode™ DevicesThe Finnish Defence Forces order Bittium Tactical Wireless IP Network™ (TAC WIN) system's products and Bittium Tough Comnode™ devices based on Framework Agreements on the purchase of the products. The value of the purchase order including Bittium TAC WIN system's products is approximately EUR 8.5 million (excl. VAT). The ordered tactical routers and radio heads are related to several ongoing projects in the Finnish Defense Forces, where Bittium TAC WIN provides broadband IP network connections for mobile communication stations and command posts. Bittium TAC WIN system's products are ordered based on a Framework Agreement between Bittium and the Finnish Defence Forces, according to which the Finnish Defence Forces purchase Bittium TAC WIN system's products for tactical communications. The Framework Agreement covers the years 2021-2024, with a total value of approximately EUR 30 million (excl. VAT) at the maximum. According to the Framework Agreement, the Finnish Defence Forces will issue separate purchase orders for the products each year. Bittium announced on December 22, 2020 that the Finnish Minister of Defence Anssi Kaikkonen had authorized the Finnish Defence Forces to purchase Bittium Tactical Wireless IP Network™ (TAC WIN) system's products. The value of the purchase order including Bittium Tough Comnode devices is approximately EUR 1.7 million (excl. VAT). Bittium Tough Comnode fulfills the data transfer needs of the Finnish Defence Forces' mobile troops by functioning for example as a VoIP phone (Voice over IP), an IP router (Internet Protocol), and an SHDSL repeater (Symmetrical High-speed Digital Subscriber Line). Bittium Tough Comnode devices are ordered based on a Framework Agreement signed by Bittium and the Finnish Defence Forces in 2018, according to which the Finnish Defence Forces purchase Bittium Tough Comnode devices and related accessories. The Framework Agreement covers the years 2018-2022, with a total value of approximately EUR 8.3 million (excl. VAT) at the maximum. According to the Framework Agreement, the Finnish Defence Forces will issue separate purchase orders for the products each year.
공시 • Feb 13Bittium Corporation Announces Resignation of DirectorsBittium Corporation announced that current members of the Board Juha Putkiranta and Seppo Mäkinen have stated to the three largest shareholders that they will no longer be available for election as members of the Board of Directors.
Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.062 (vs €0.21 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €79.6m (up 5.6% from FY 2019). Net income: €2.20m (down 71% from FY 2019). Profit margin: 2.8% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 5.7%, compared to a 26% growth forecast for the Software industry in Germany.
Is New 90 Day High Low • Jan 26New 90-day high: €7.08The company is up 1.0% from its price of €7.00 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period.
공시 • Dec 15Bittium Oyj to Report Q1, 2021 Results on Apr 29, 2021Bittium Oyj announced that they will report Q1, 2021 results at 8:00 AM, E. Europe Standard Time on Apr 29, 2021