Brief: Bittium H2 EBITDA Swings To Profit Of EUR 6.2 Million

Bittium Oyj

21/02/2019 06:04

Feb 21 (Reuters) - Bittium Oyj  BITTI.HE :
    * H2 NET SALES EUR 34.5 MILLION VERSUS EUR 24.5  MILLION
YEAR AGO
    * H2 EBITDA PROFIT EUR 6.2 MILLION VERSUS LOSS EUR 1.4
MILLION
YEAR AGO
    * PROPOSES THAT ANNUAL GENERAL MEETING TO BE HELD ON APRIL
10,
2019 RESOLVE TO PAY EUR 0.05 PER SHARE AS DIVIDEND
    * BITTIUM EXPECTS THAT NET SALES IN 2019 WILL GROW FROM
PREVIOUS
YEAR (EUR 62.8 MILLION IN 2018)
    * SEES 2019 OPERATING PROFIT TO BE BETTER THAN IN PREVIOUS
YEAR
(2.8 MILLION IN 2018).
    * DUE TO PRODUCT DELIVERIES FOCUSING ON SECOND HALF OF YEAR,
ACCUMULATION OF OPERATING RESULT IS EXPECTED DURING SECOND HALF
OF YEAR
    * LEVEL OF OPERATING RESULT IN 2019 WILL BE IMPACTED BY
INVESTMENTS IN OWN PRODUCTS AND PRODUCT PLATFORMS STARTED IN
2017

Source text for Eikon:  ID:nWkr2NNKBP 
Further company coverage:  BITTI.HE 

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