Finland's Bittium Q1 net sales rise on defence demand

Bittium Oyj

29/04/2026 06:43

Overview

Finland secure communications provider's Q1 net sales rose 10% yr/yr to EUR 21.3 mln

Q1 EBITDA and operating profit improved from prior year, reflecting product-based revenue growth

Company kept 2026 outlook, expects sales and profit weighted to second half

Outlook

Bittium sees 2026 net sales at EUR 140–155 mln, unchanged from previous outlook

Company expects 2026 operating profit at EUR 26–32 mln

Net sales and operating profit expected to be weighted toward second half of 2026

Result Drivers

DEFENCE DEMAND - Growth in Defence & Security segment net sales and orders, driven by strong demand and major contracts such as the Indra Group project

MEDICAL SALES - Medical segment net sales rose on new distributor orders and higher deliveries to Boston Scientific

ENGINEERING SERVICES DECLINE - Engineering Services segment revenue fell due to weak market conditions in manufacturing

Company press release: ID:nWkr7gygKV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 21.30 mln
Q1 EPS
EUR 0.03
Q1 EBIT
EUR 1.50 mln
Q1 EBITDA
EUR 2.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy."

Wall Street's median 12-month price target for Bittium Oyj is €33.50, about 0.4% below its April 28 closing price of €33.65

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 54 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)