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BITTI - Bittium Oyj News Story

€6.5 0.1  1.4%

Last Trade - 12/05/21

Small Cap
Market Cap £199.3m
Enterprise Value £197.5m
Revenue £67.3m
Position in Universe 712th / 1830

BRIEF-Bittium updates strategy and financial targets

Thu 24th November, 2016 6:00am
Nov 24 (Reuters) - Bittium Oyj  BITTI.HE : 
    * Plans to activate most of research and development 
investments to its balance sheet. 
    * Business will be divided into three product and service 
areas effective as of Dec. 1, 2016 
    * Believes that in coming years it is able to grow its net 
sales even more than earlier announced target, and therefore 
sets up a target to exceed annual 10 percent growth target of 
net sales 
    * Says during year 2017 it is not yet able reach targets set 
for growth in net sales and ebit level of 10 percent 
    * Operating profit level of year 2017 is also affected by 
planned investments to enable future growth. 
Source text for Eikon:  ID:nWkrkx1315  
Further company coverage:  BITTI.HE  
 (Gdynia Newsroom) 
 ((; +48 58 772 0920;))
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