Bittium Oyj Full Year 2024 Earnings: EPS Misses Expectations

Bittium Oyj (HEL:BITTI) Full Year 2024 Results

Key Financial Results

• Revenue: €85.4m (up 13% from FY 2023).
• Net income: €7.30m (up from €5.43m loss in FY 2023).
• Profit margin: 8.5% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: €0.20 (up from €0.15 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bittium Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%.

The primary driver behind last 12 months revenue was the Defense & Security segment contributing a total revenue of €51.6m (60% of total revenue). Notably, cost of sales worth €57.7m amounted to 68% of total revenue thereby underscoring the impact on earnings.Explore how BITTI's revenue and expenses shape its earnings.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Be aware that Bittium Oyj is showing 1 warning sign in our investment analysis that you should know about...

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