Brief: Bittium Proposes Dividend Of EUR 0.05/Shr

Bittium Oyj

10/02/2023 06:09

Feb 10 (Reuters) - Bittium Oyj  BITTI.HE :
    * BOD PROPOSES TO ANNUAL GENERAL MEETING OF SHAREHOLDERS TO
BE
HELD ON APRIL 12, 2023, RESOLVE TO PAY EUR 0.05 PER SHARE AS A
DIVIDEND
    * PRODUCT-BASED NET SALES IN 2022 DECREASED ESPECIALLY DUE
TO
DELIVERY DIFFICULTIES CAUSED BY SHORTAGE OF COMPONENTS FOR
MEDICAL TECHNOLOGIES PRODUCTS
    * ORDER BACKLOG GREW DURING LAST QUARTER AND WAS 28.1
MILLION
EUROS AT END OF YEAR
    * ESTIMATES THAT MARKETS ARE RECOVERING, AND THAT COMPONENT
SHORTAGE WILL EASE DURING 2023
    * EXPECTS NET SALES IN 2023 TO GROW AND OPERATING RESULT TO
IMPROVE FROM PREVIOUS YEAR
    * CASH FLOW IN 2023 IS EXPECTED TO BE POSITIVE
    * DUE TO SHORTAGE OF COMPONENTS, Q1 OF 2023 WILL BE WEAK

Source text for Eikon:  ID:nWkr5nR1JQ 
Further company coverage:  BITTI.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))