Brief: Bittium H1 EBITDA Up At EUR 4.7 Mln

Bittium Oyj

08/08/2019 06:06

Aug 8 (Reuters) - Bittium Oyj  BITTI.HE :
    * BITTIUM CORPORATION HALF YEAR FINANCIAL REPORT
JANUARY-JUNE 2019
    * H1 EBITDA EUR 4.7 MILLION VERSUS EUR 1.3 MILLION YEAR AGO
    * AMOUNT OF WIRELESS DATA TRANSFER APPLICATIONS IS EXPANDING
AND
DIVERSIFYING
    * H1 NET SALES EUR 33.1 MILLION VERSUS EUR 28.3 MILLION YEAR
AGO
    * H1 OPERATING PROFIT WAS EUR 1.7 MILLION (OPERATING LOSS OF
EUR
-0.8 MILLION)
    * BITTIUM EXPECTS THAT NET SALES IN 2019 WILL GROW FROM
PREVIOUS
YEAR (EUR 62.8 MILLION) AND OPERATING PROFIT TO BE BETTER THAN
IN PREVIOUS YEAR (2.8 MILLION)
    * LEVEL OF OPERATING RESULT IN 2019 WILL BE IMPACTED BY
INVESTMENTS IN OWN PRODUCTS AND PRODUCT PLATFORMS STARTED IN
2017.
    * DUE TO PRODUCT DELIVERIES FOCUSING ON SECOND HALF OF YEAR,
ACCUMULATION OF OPERATING RESULT IS EXPECTED DURING SECOND HALF
OF YEAR LIKE IN PREVIOUS YEAR, BUT NOT AS STRONGLY AS IN 2018

Source text for Eikon:  ID:nWkr70Mv7q 
Further company coverage:  BITTI.HE 

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