Finland's Bittium Q2 net sales jump 60% on defence growth
Finland's Bittium Q2 net sales jump 60% on defence growth
Overview
Finland secure communications provider's Q2 net sales rose 60.1% yr/yr to EUR 36.6 mln
Q2 EPS and net income improved, driven by Defence & Security segment growth
Company announced additional EUR 0.15 per share dividend for shareholders
Outlook
Bittium sees 2026 net sales at EUR 140–155 mln
Company expects 2026 operating profit of EUR 26–32 mln
Net sales and operating profit expected to be weighted toward second half of 2026
Result Drivers
DEFENCE & SECURITY GROWTH - Co said Q2 net sales and profitability were driven by growth and increased product deliveries in Defence & Security segment
MAJOR DEFENCE ORDER - Co received EUR 14 mln purchase order from Finnish Defence Forces for next-generation radios in Q2
ENGINEERING SERVICES DECLINE - Net sales in Engineering Services segment fell due to weak market situation, per CEO
Company press release: ID:nWkr86gqNR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 36.60 mln |
|
Q2 EPS |
| EUR 0.18 |
|
Q2 Net Income |
| EUR 6.40 mln |
|
Q2 EBIT |
| EUR 8.10 mln |
|
Q2 EBITDA |
| EUR 10.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "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 18.8% above its August 6 closing price of €28.20
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 41 three months ago
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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.)