Finland's Bittium Q4 sales rise 62.5% on defense orders

Bittium Oyj

19/02/2026 06:11

Overview

Finland communications solutions firm's Q4 net sales rose 62.5% yr/yr

EBITDA for Q4 increased significantly, reflecting improved operational performance

Company secured major defense orders, boosting order backlog

Outlook

Bittium estimates 2026 net sales at EUR 140–155 mln

Operating profit for 2026 expected to be EUR 26–32 mln

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

Result Drivers

DEFENSE ORDERS - Significant orders from Finnish, Austrian, and Spanish defense forces boosted net sales

INTERNATIONAL GROWTH - Strategic focus on internationalization and product development investments drove growth

TACTICAL COMMUNICATIONS DEMAND - Increased demand for tactical networks and radios in defense market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 53.90 mln
Q4 EPS
EUR 0.49
Q4 Net Income
EUR 17.50 mln
Q4 EBIT
EUR 15.40 mln
Q4 EBITDA
EUR 23 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 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 €34.50, about 0.6% above its February 18 closing price of €34.30

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release: ID:nWkr68Hbwb

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.)