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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Bittium

38.95 EUR-0.26 %7.10, 17.29
8,505 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

Overview
Financials & Estimates
Dividend
Investor views
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-0.26 %
+14.56 %
+16.44 %
-0.26 %
+30.05 %
+165.69 %
+989.51 %
+575.04 %
+154.49 %

Bittium specializes in developing secure communication and connectivity solutions using technology and knowledge of radio technology. The products are used for mobile devices, computers, and other technological products in healthcare, defense, and other industries. Examples of work areas include cardiology, neurology, and rehabilitation. The company is headquartered in Oulu.

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Market cap
1.39B EUR
Turnover
1.38M EUR
P/E (adj.) (26e)
56.68
EV/EBIT (adj.) (26e)
44.25
P/B (26e)
9.57
EV/S (26e)
9.04
Dividend yield-% (26e)
1.23 %
Coverage
Recommendation
Reduce
Target price
36.00 EUR
Updated
10.08.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 10.08.2026

Latest extensive report

Released: 28.05.2024

Revenue and EBIT-%
EPS and dividend
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Forum discussions
Hei @Ricku, kiitos kysymyksestä ja lämpimistä sanoista. Ohessa vastaus hallituksen puheenjohtajalta. Tunnelma palstalla on ollut aiemmin synkempi, ja ymmärrän sen hyvin. Moni kärsivällinen omistaja on odottanut kauan, ja yhtiö on ollut velkaa selkeämpää kuvaa siitä, mihin olemme ...
10/5/2026, 7:15 AM
by Karoliina_Malmi
84
Hei @PR1000, kiitos kysymyksistä. Bittiumin taktisen viestinnän tuotteita on testattu laajasti eri Euroopan maiden puolustusvoimien toimesta jo usean vuoden ajan. Osa tuote- ja järjestelmätesteistä on tapahtunut yhteistyössä Suomen Puolustusvoimien kanssa, toiset osana yhteisharjoituksia...
9/29/2026, 5:22 AM
by Karoliina_Malmi
35
Hi @Tallitonttu Thank you very much for the kind note and for highlighting the questions from the thread. Regarding the UK tactical communications framework, the situation has not changed materially from before. BAE Systems has been selected among the potential suppliers, and Bittium...
yesterday
by Karoliina_Malmi
34
Hi @Karoliina_Malmi , I’m not sure how this kind of request/wish should be made, so I’ll just ask directly. We haven’t heard anything from Erkki Veikkolainen on this forum in a long time. Is there any chance we could get an update from him—for example, how we’ve arrived at where ...
10/1/2026, 11:40 AM
by Ricku
19
During Tolja’s time, there has certainly been a great “can-do” attitude. Of course, the foundations were laid a long time ago when Huttunen was in charge, but I have to take my hat off to the management and all of Bittium’s personnel. The puzzle is clear now with two distinct operating...
9/30/2026, 2:19 PM
by Ruukie
14
SEB comments on Safran’s MoU. Expectations rather subdued, and expectations focused elsewhere than on the SDR side We see this collaboration as an interesting opportunity, given the size and position of France’s armed forces. However, we are somewhat (positively) surprised about ...
9/25/2026, 7:10 AM
by Opa
13
Thank you @Karoliina_Malmi and Erkki Veikkolainen, and have a very happy start to the autumn to the entire Bittium team!
10/5/2026, 12:25 PM
by Ricku
8
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.10
2026

Business review Q3'26

Bittium skærper sin forsvarsspydspids med en strukturændring
Analyst Comment30.09.2026, 07.40 by
Juha Kinnunen

Bittium skærper sin forsvarsspydspids med en strukturændring

Forsvar kommer i stigende grad i centrum for den strategiske om strukturering.

Bittium
Regulatory press release30.09.2026, 07.00

Bittium Oyj: Bittium Corporation changes its financial reporting structure as of 1 January 2027

Bittium
Regulatory press release30.09.2026, 07.00

Inside information: Bittium Corporation renews Its business structure to accelerate the implementation of Its strategy

Bittium

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Third party research23.09.2026, 08.08

Bittium is THE European champion in tactical comms; PT UP - NuWays AG Research

Bittium signed a two-year Memorandum of Understanding (MoU) with Safran Electronics & Defense to develop tactical communications solutions for the French Ministry of Defence and the French Armed Forces, marking a significant milestone in its journey ...

Bittium
Bittium åbner døren for det franske forsvarsmarked gennem et samarbejde med Safran
Analyst Comment23.09.2026, 07.05 by
Juha Kinnunen

Bittium åbner døren for det franske forsvarsmarked gennem et samarbejde med Safran

Partnerskabet med branchegiganten Safran åbner døren til det svært tilgængelige franske forsvarsmarked.

Bittium
Bittiums nordiske forsvarslinje strammes til: Danmark tiltrådte rammeaftale
Analyst Comment10.09.2026, 06.20 by
Juha Kinnunen

Bittiums nordiske forsvarslinje strammes til: Danmark tiltrådte rammeaftale

Danmark har tilsluttet sig Bittiums rammeaftale, hvilket baner vejen for produktsalg inden for taktik kommunikation.

Bittium
Regulatory press release09.09.2026, 15.20

Inside information: The Danish Defence Forces join the framework agreement signed by Bittium Corporation's subsidiary Bittium Wireless Ltd. with the Finnish and Swedish Defence Forces

Bittium
Bittium indleder væsentlige spareforanstaltninger i Engineering Services-segmentet
Analyst Comment28.08.2026, 08.00 by
Juha Kinnunen

Bittium indleder væsentlige spareforanstaltninger i Engineering Services-segmentet

Besparelsesmålet på 2 MEUR for Engineering Services-segmentet, som er i en overgangsfase, er efter vores opfattelse overraskende stort.

Bittium
Ny pust til Bittiums Medical-segment med lanceringen af Faros Pro
Analyst Comment27.08.2026, 10.44 by
Juha Kinnunen

Ny pust til Bittiums Medical-segment med lanceringen af Faros Pro

Bittiums fornyede kardiologiske produkter udgør en vigtig vækstdriver for Medical-segmentet i de kommende år.

Bittium
Third party research10.08.2026, 08.14

Bittium: Q2 review - Blow out sales and order intake; PT UP - NuWays AG Research

Bittium printed an exceptional Q2. Sales grew 60.1% yoy to € 36.6m (eNuW: € 27.2m, eCons: €29.3m), a 25% beat vs consensus, on very strong Defense & Security (D&S) backlog conversion and product deliveries. D&S sales doubled yoy to € 28.7m (eNuW: € 19m...

Bittium
Bittium Q2'26: Kun betydelige nye åbninger mangler
Research10.08.2026, 07.00 by
Juha Kinnunen

Bittium Q2'26: Kun betydelige nye åbninger mangler

Bittiums Q2-regnskab var fremragende, men en stigning på 36 % eller over 350 MEUR var efter vores mening overdrevet uden nye internationale åbninger. Guidance for 2026 forblev uændret, og vores operationelle estimater steg med cirka 10 %.

Bittium
Bittium Q2'26 - kort kommentar: Stærke forsvarsleverancer og -ordrer overgik forventningerne klart
Analyst Comment07.08.2026, 08.01 by
Juha Kinnunen

Bittium Q2'26 - kort kommentar: Stærke forsvarsleverancer og -ordrer overgik forventningerne klart

Den voldsomme vækst i forsvarsleverancer løftede EBIT til 8,1 MEUR og overgik klart vores forventninger.

Bittium
Bittium Oyj, Q2'26
Webcast07.08.2026, 08.00

Bittium Oyj, Q2'26

Bittium
Regulatory press release07.08.2026, 07.00

Bittium Oyj: Bittium Corporation's Half-Year Financial Report January-June 2026

Bittium
Regulatory press release07.08.2026, 07.00

Bittium Oyj: The Board of Directors of Bittium Corporation has decided on the distribution of extraordinary dividend

Bittium
Bittium Q2'26 preview: Signalet styrkes, men barren for resten af året er høj
Analyst Comment04.08.2026, 06.54 by
Juha Kinnunen

Bittium Q2'26 preview: Signalet styrkes, men barren for resten af året er høj

Vi forventer, at rentabiliteten forbedres betydeligt takket være forsvarsleverancer med høj margin og licensindtægter.

Bittium
Third party research31.07.2026, 08.36

Bittium Q2 preview: backlog supports growth, H2 has catalyst firepower - NuWays AG Research

Bittium will publish its H1'26 report on August 7. Publicly announced orders during Q2'26 totalled € 26.6m, the vast majority from FDF and set for delivery during FY26. Growth this year is still supported by the very strong order intake from December...

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Petri Hiljanen

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Teemu Hannula

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Niina Huikuri

Bittium