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Bittium

32.80 EUR-1.94 %6/11 17:29
8,522 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

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Financials & Estimates
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Short Selling
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-1.94 %
-16.01 %
+16.31 %
-2.38 %
+9.52 %
+76.91 %
+687.52 %
+523.57 %
+114.31 %

Bittium specializes in developing secure communication and connectivity solutions using technology and knowledge of radio technology. The products are used for mobile devices, computers, and other technological products in healthcare, defense, and other industries. Examples of work areas include cardiology, neurology, and rehabilitation. The company is headquartered in Oulu.

Read more
Market cap
1.17B EUR
Turnover
2.65M EUR
P/E (adj.) (26e)
41.52
EV/EBIT (adj.) (26e)
31.69
P/B (26e)
7.88
EV/S (26e)
7.61
Dividend yield-% (26e)
1.69 %
Coverage
Recommendation
Accumulate
Target price
44.00 EUR
Updated
2026-10-30
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-10-30

Latest extensive report

Released: 2026-01-13

Revenue and EBIT-%
EPS and dividend
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Forum discussions
Hi @PR1000 thank you for the clarifying question. The reference in the business review was to the combined impact of product deliveries and licensing. There have been no new radio program licensing agreements similar to the Indra deal. SafeMove software is also sold as licenses –...
11/4/2026, 3:38 PM
by Karoliina_Malmi
17
Yeah, it certainly looks that way when you read the article and compare the timeline to when Bittium announced this “test batch for special forces, ordered by a certain country.” A framework agreement with Safran has been made. Last year, when leaks and rumors started trickling out...
10/30/2026, 1:07 PM
by Kootteri
14
The mystery country is likely France. If the translation went even decently well, the article reveals that a couple of units have already been using the products. Wonder what Thales thinks about this. FOB - Forces Operations Blog – 29 Oct 26 Safran en embuscade sur la radio du combattant...
10/30/2026, 8:35 AM
9
Inderes’ updated view. We are upgrading our recommendation for Bittium to Accumulate (previously Reduce) and our target price to EUR 44.0 (previously EUR 36.0). The Q3 result was excellent, although it was driven by an exceptional milestone payment from the Indra license agreement...
10/30/2026, 6:38 AM
9
Hi @Karoliina_Malmi The business review states that “The growth was driven by product deliveries and licensing of tactical communications solutions to both new and long-term customers.” Does this mean that license revenue was also received from new customers in Q3, or did the phrase...
10/31/2026, 2:35 PM
7
NuWays’ Julius Neittamo reiterates “Buy” and a target price of EUR 46: Exceptional Q3 beat on Indra licence; guidance up Looking ahead, whether further Indra milestones fall in Q4 remains open, but with D&A only seen to normalise in 2027e, we expect some additional Indra licence ...
10/30/2026, 8:36 AM
7
Petri Toljamo presented Bittium to investors this morning at Redeye’s Defence & Space event. The presentation starts at -2:02: https://www.redeye.se/events/1145884/redeye-theme-defence-space?tab=schedule
11/4/2026, 10:04 AM
by ghoul
6
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Third party research2026-10-30 08:51

Bittium: Exceptional Q3 beat on Indra licence; guidance up - NuWays AG Research

Q3 review: Exceptional beat on Indra licence. Sales +97.8% yoy to € 45.8m (31% eCons beat), EBITDA € 27.0m (59.0% margin); FY26 EBIT guidance raised to € 29-36m. BUY, € 46 PT reiterated.

Bittium
Bittium Q3'26: Från resultattopp till orderjakt
Research2026-10-30 07:00
by Juha Kinnunen

Bittium Q3'26: Från resultattopp till orderjakt

Indras etappbetalning lyfte Bittiums Q3 till en utmärkt nivå och säkrade i praktiken resultatet för 2026. Härnäst krävs det beställningar för att även nästa års tillväxt ska kunna infrias.

Bittium
Bittium Q3'26 snabbkommentar: Indra-etappen framflyttade resultatfesten
Analyst Comment2026-10-29 08:15
by Juha Kinnunen

Bittium Q3'26 snabbkommentar: Indra-etappen framflyttade resultatfesten

Att Indra-licensavgiften kom tidigare än väntat lyfte Q3-rörelseresultatet till 16,5 MEUR och överträffade estimaten med råge.

Bittium

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Regulatory press release2026-10-29 07:00

Bittium Oyj: Bittium Corporation's Business Review January-September 2026

Bittium
Bittium höjde sin resultatguidning före Q3-resultatet: Rörelseresultatet väntas nu uppgå till 29–36 MEUR
Analyst Comment2026-10-28 14:31
by Juha Kinnunen

Bittium höjde sin resultatguidning före Q3-resultatet: Rörelseresultatet väntas nu uppgå till 29–36 MEUR

Guidningen för rörelseresultatet höjdes till 29–36 miljoner euro, drivet av den starka lönsamheten inom försvarssegmentet.

Bittium
Regulatory press release2026-10-28 13:30

Inside information: positive profit warning: Bittium Corporation raises its result guidance

Bittium
Bittium Q3'26 förhandskommentar: Vinstmaskinen varvar upp
Analyst Comment2026-10-26 06:50
by Juha Kinnunen

Bittium Q3'26 förhandskommentar: Vinstmaskinen varvar upp

Vi förväntar oss att rörelseresultatet gör ett hopp till 6,1 MEUR, drivet av ett starkt drag inom försvarssektorn.

Bittium
Third party research2026-10-20 09:08

Bittium: Q3 preview: record backlog to support growth - NuWays AG Research

Bittium publishes its Q3 business review on Thursday, 29 October. Q3'26e sales are seen to increase 68% yoy to € 38.9m (eCons: € 34.4m), up 6% qoq from an already exceptional quarter (Q2'26: € 36.6m). Record backlog of c. € 102m and Indra-related deliveries...

Bittium
Regulatory press release2026-10-14 13:30

Bittium Oyj: Changes in Bittium Corporation's Group Leadership Team

Bittium
Bittium vässar sin försvarsspets med en strukturförändring
Analyst Comment2026-09-30 07:40
by Juha Kinnunen

Bittium vässar sin försvarsspets med en strukturförändring

Försvaret hamnar allt mer i fokus för den strategiska strukturomvandlingen.

Bittium
Regulatory press release2026-09-30 07:00

Bittium Oyj: Bittium Corporation changes its financial reporting structure as of 1 January 2027

Bittium
Regulatory press release2026-09-30 07:00

Inside information: Bittium Corporation renews Its business structure to accelerate the implementation of Its strategy

Bittium
Third party research2026-09-23 08:08

Bittium is THE European champion in tactical comms; PT UP - NuWays AG Research

Bittium signed a two-year Memorandum of Understanding (MoU) with Safran Electronics & Defense to develop tactical communications solutions for the French Ministry of Defence and the French Armed Forces, marking a significant milestone in its journey ...

Bittium
Bittium öppnar dörren till den franska försvarsmarknaden genom samarbete med Safran
Analyst Comment2026-09-23 07:05
by Juha Kinnunen

Bittium öppnar dörren till den franska försvarsmarknaden genom samarbete med Safran

samarbetet med bransdjätten Safran öppnar dörren till den svårtillgängliga franska försvarsmarknaden.

Bittium
Bittiums nordiska försvarslinje tajtas till: Danmark anslöt sig till ramavtalet
Analyst Comment2026-09-10 06:20
by Juha Kinnunen

Bittiums nordiska försvarslinje tajtas till: Danmark anslöt sig till ramavtalet

Danmark har anslutit sig till Bittiums ramavtal, vilket banar väg för produktförsäljning inom taktiska kommunikationslösningar.

Bittium
Regulatory press release2026-09-09 15:20

Inside information: The Danish Defence Forces join the framework agreement signed by Bittium Corporation's subsidiary Bittium Wireless Ltd. with the Finnish and Swedish Defence Forces

Bittium
Bittium inleder omfattande besparingsåtgärder inom segmentet Engineering Services
Analyst Comment2026-08-28 08:00
by Juha Kinnunen

Bittium inleder omfattande besparingsåtgärder inom segmentet Engineering Services

Besparingsmålet på 2 MEUR för segmentet Engineering Services, som befinner sig i en fas av omvandling, är enligt vår mening överraskande stort.

Bittium
Ny fart för Bittiums Medical-segment genom lanseringen av Faros Pro
Analyst Comment2026-08-27 10:44
by Juha Kinnunen

Ny fart för Bittiums Medical-segment genom lanseringen av Faros Pro

Bittiums förnyade kardiologiska produkter erbjuder en viktig tillväxtdrivkraft för Medical-segmentet de kommande åren.

Bittium
Third party research2026-08-10 08:14

Bittium: Q2 review - Blow out sales and order intake; PT UP - NuWays AG Research

Bittium printed an exceptional Q2. Sales grew 60.1% yoy to € 36.6m (eNuW: € 27.2m, eCons: €29.3m), a 25% beat vs consensus, on very strong Defense & Security (D&S) backlog conversion and product deliveries. D&S sales doubled yoy to € 28.7m (eNuW: € 19m...

Bittium
Bittium Q2'26: Endast betydande nya öppningar saknas
Research2026-08-10 07:00
by Juha Kinnunen

Bittium Q2'26: Endast betydande nya öppningar saknas

Bittiums Q2-rapport var utmärkt, men en uppgång på 36 % eller över 350 MEUR var enligt vår mening överdriven utan nya internationella initiativ. Guidningen för 2026 förblev oförändrad och våra operationella estimat steg med ungefär 10 %.

Bittium