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BITTI - Bittium Oyj News Story

€6.44 -0.1  -0.9%

Last Trade - 14/05/21

Sector
Technology
Size
Small Cap
Market Cap £198.0m
Enterprise Value £196.2m
Revenue £67.5m
Position in Universe 710th / 1832

BRIEF-Bittium Corporation lowers FY 2017 financial guidance

Tue 10th October, 2017 3:58pm
Oct 10 (Reuters) - BITTIUM OYJ  BITTI.HE : 
    * BITTIUM CORPORATION LOWERS ITS FINANCIAL GUIDANCE FOR THE 
YEAR 2017 
    * REASON FOR THIS IS DELAY IN FIRST PHASE OF PRODUCT 
DELIVERIES FOR MEXICAN MEXSAT SATELLITE PHONE SYSTEM 
    * EXPECTS THAT NET SALES IN 2017 WILL BE LOWER THAN IN 
PREVIOUS YEAR (EUR 64.2 MILLION, IN 2016). 
    * 2017 OPERATING RESULT IS EXPECTED TO BE CLEARLY NEGATIVE 
(EUR 2.5 MILLION, IN 2016). 
    * PREVIOUSLY EXPECTED THAT NET SALES IN 2017 WILL BE AT 
SAME LEVEL AS IN PREVIOUS YEAR 
 
Source text for Eikon:  ID:nWkr9D6NCJ  
Further company coverage:  BITTI.HE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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