Brief: Bittium Proposes Dividend Of EUR 0.03 Per Share For 2023

Bittium Oyj

09/02/2024 07:14

Feb 9 (Reuters) - Bittium Oyj  BITTI.HE :
    * PROPOSES DIVIDEND OF EUR 0.03 PER SHARE FOR 2023
    * FURTHERMORE PROPOSES THAT ANNUAL GENERAL MEETING WOULD
AUTHORIZE
BOARD OF DIRECTORS TO DECIDE ON PAYMENT OF AN EXTRAORDINARY
DIVIDEND OF EUR 0.03 PER SHARE, BY OCTOBER 31, 2024
    * ANNUAL COST SAVINGS OF EUR 6.0 MILLION, RESULTING FROM
CHANGE
NEGOTIATIONS, WILL FULLY AFFECT 2024 FIGURES
    * FINANCIAL DEVELOPMENT WAS AFFECTED BY MEDICAL BUSINESS'
DELAYS
IN PRODUCT DELIVERIES IN BEGINNING OF YEAR
    * IN DEFENSE & SECURITY BUSINESS, PILOT PROJECTS WITH OUR
CUSTOMERS ABROAD PROGRESSED WELL, BUT SLOWER THAN EXPECTED
    * EXPECT GOOD DEVELOPMENT OF REMOTE DIAGNOSTICS MARKET TO
CONTINUE, POSITIVELY AFFECTING DEVELOPMENT OF BITTIUM'S NET
SALES AND PROFITABILITY DURING 2024
    * 2024 OUTLOOK: NET SALES IN 2024 TO BE EUR 85 - 95 MILLION
(EUR
75.2 MILLION IN 2023)
    * 2024 OUTLOOK: OPERATING RESULT TO BE EUR 7.0 - 9.5 MILLION
(OPERATING LOSS OF EUR -4.3 MILLION IN 2023)

Source text for Eikon:  ID:nWkr9tKw5f 
Further company coverage:  BITTI.HE 

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