Brief: Bittium Corporation Lowers Its Financial Outlook For 2020

Bittium Oyj

27/11/2020 12:47

Nov 27 (Reuters) - Bittium Oyj  BITTI.HE :
    * BITTIUM CORPORATION LOWERS ITS FINANCIAL OUTLOOK FOR 2020
    * COMPANY EXPECTS THAT NET SALES IN 2020 WILL BE AT SAME
LEVEL OR
GROW FROM PREVIOUS YEAR (EUR 75.2 MILLION IN 2019)
    * REASON FOR DECREASE IN FINANCIAL OUTLOOK IS POSTPONEMENT
OF SOME
MAJOR PRODUCT DELIVERIES AND SEVERAL PROJECTS TO 2021
    * EXPECTS 2020 OPERATING RESULT WILL BE LOWER THAN IN
PREVIOUS
YEAR (EUR 6.3 MILLION IN 2019)
    * EFFECTS OF PANDEMIC ARE LIKELY TO BE REFLECTED IN NET
SALES AND
OPERATING RESULT IN FIRST HALF OF 2021

Source text for Eikon:  ID:nWkr7wXG9s 
Further company coverage:  BITTI.HE 

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