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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Bittium

32.20 EUR

-2.87 %

8,430 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.87 %
-8.39 %
-9.04 %
+7.51 %
+50.47 %
+315.48 %
+612.39 %
+417.68 %
+110.39 %

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
1.15B EUR
Turnover
7.31M EUR
P/E (adj.) (26e)
42.01
EV/EBIT (adj.) (26e)
40.59
P/B (26e)
7.76
EV/S (26e)
7.78
Dividend yield-% (26e)
1.67 %
Coverage
Recommendation
Reduce
Target price
32.00 EUR
Updated
2026-04-30
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-04-30

Latest extensive report

Released: 2026-01-13

Revenue and EBIT-%
EPS and dividend
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Forum discussions
Hi and greetings from Paris! A quick comment regarding the UK tender: BAE participated in the tender as a consortium and has qualified for the next stage. Bittium is part of this consortium.
6/16/2026, 5:06 PM
by Karoliina_Malmi
53
Greetings to the thread, this ultimately seemed to be a somewhat misleading intermediate stage in the entire process. As Karoliina mentioned above, Bittium is involved through BAE’s consortium, as was to be expected. Bittium had also applied independently, but for one reason or another...
6/16/2026, 6:15 PM
by Juha Kinnunen
39
More orders from the Defense Forces News Powered by Cision Bittium on saanut Puolustusvoimilta tilaukset Bittium Tough SDR™ -radioiden... Bittium Oyj Lehdistötiedote Bittium on saanut Puolustusvoimilta tilaukset Bittium Tough SDR™ - Bittium has received orders from the Finnish Defense...
yesterday
by Osinkohiiri
12
In the case of Bittium, we have recently enjoyed an exceptionally high volume of press and trade releases. The share price has fluctuated a bit over the past few weeks and has mostly been trending downwards, but trading volume has also decreased. Therefore, if someone wants to push...
yesterday
by Ruukie
9
SEB comments on the UK tender. The total potential is EUR 200-300m for SDR radios, which will likely be divided among various parties. Sounds modest, considering we are talking about finished products rather than license-based revenue like in Spain? The supplier list is long and ...
yesterday
by Opa
9
gca.gov.uk Tactical Communication Systems - GCA Access RM6393 Tactical Communication Systems through Government Commercial Agency (formerly CCS). @Karoliina_Malmi Hi Karoliina, the owners here and on the Kauppalehti forum are looking for updates from you regarding the status of the...
6/16/2026, 12:52 PM
by Johtaja!
9
What of it? Did someone imagine that Bittium would be the direct supplier there? The option all along has been that BAE is among the suppliers and Bittium subcontracts or licenses to BAE. It was also stated quite clearly by the politicians there that they favor their own. Let’s remember...
6/16/2026, 3:41 PM
7
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
7/8
2026

Interim report Q2'26

29/10
2026

Business review Q3'26

Bittium får en Tough SDR-order på 14 MEUR från Försvarsmakten
Analyst Comment6/12/2026, 4:52 AM by
Juha Kinnunen

Bittium får en Tough SDR-order på 14 MEUR från Försvarsmakten

Försvarsmaktens order på 14 MEUR minskar osäkerheten och stärker vårt förtroende för de höga tillväxtförväntningarna för 2026.

Bittium
Regulatory press release6/11/2026, 9:45 AM

Inside information: Bittium Wireless Ltd, a subsidiary of Bittium Corporation, received a significant order from the Finnish Defence Forces for next-generation Bittium Tough SDR radios

Bittium
Third party research6/10/2026, 6:25 AM

Bittium plugs drones into its secured tactical network - NuWays AG Research

Yesterday, Bittium announced two significant developments. The first is a software upgrade adding AI and electronic warfare (EW) capabilities to its radios, through its partnership with MarshallAI. The second is a product launch, Tough SDR Unmanned, ...

Bittium

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Bittium stärker sin taktiska produktportfölj med två produktlanseringar
Analyst Comment6/10/2026, 5:42 AM by
Juha Kinnunen

Bittium stärker sin taktiska produktportfölj med två produktlanseringar

Den nya radiomodulen öppnar upp för den växande drönarmarknaden och förvandlar taktiska radioapparater till AI-drivna sensorer.

Bittium
Bittium får underhållsavtal värt 3,3 MEUR från Estlands försvarsmakt
Analyst Comment6/9/2026, 4:50 AM by
Juha Kinnunen

Bittium får underhållsavtal värt 3,3 MEUR från Estlands försvarsmakt

Estlands förlängda avtal på 3,3 MEUR säkerställer kontinuerlig serviceomsättning fram till 2030.

Bittium
Bittium får en tilläggsorder på 1,9 MEUR från Kroatiens flygvapen
Analyst Comment5/12/2026, 5:12 AM by
Juha Kinnunen

Bittium får en tilläggsorder på 1,9 MEUR från Kroatiens flygvapen

Kroatiens tilläggsorder på 1,9 MEUR utökar användningen av taktisk dataöverföring till en ny försvarsgren.

Bittium
Third party research4/30/2026, 6:13 AM

Bittium: Q1 missed, but order intake momentum remains exceptional - NuWays AG Research

Yesterday, Bittium published its Q1'26 business review. Group sales increased 10.2% yoy to € 21.3m vs. eNuW € 26.9m and BBG cons. € 27.6m, with the miss mainly stemming from deliveries timing, thus not a cause for concern (eNuW). EBITDA came in at € ...

Bittium
Bittium Q1'26: Taktisk väntan på toppen av moderniseringsvågen
Research4/30/2026, 5:00 AM by
Juha Kinnunen

Bittium Q1'26: Taktisk väntan på toppen av moderniseringsvågen

Nya betydande order för Bittium är enligt vår mening bara en tidsfråga i moderniseringsvågen av taktisk kommunikation, men våra estimat gör också dessa order nödvändiga.

Bittium
Bittium Q1'26 snabbkommentar: Resultatet understeg förväntningarna på grund av leveranstajming
Analyst Comment4/29/2026, 6:00 AM by
Juha Kinnunen

Bittium Q1'26 snabbkommentar: Resultatet understeg förväntningarna på grund av leveranstajming

Leveranserna inom försvarssegmentet utvecklades inte som väntat i början av året, vilket ledde till att Q1-resultatet var betydligt lägre än förväntat.

Bittium
Regulatory press release4/29/2026, 5:00 AM

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

Bittium
Bittium Q1-förhandskommentar: Positioner har tagits, nu söker vi träffar
Analyst Comment4/27/2026, 6:06 AM by
Juha Kinnunen

Bittium Q1-förhandskommentar: Positioner har tagits, nu söker vi träffar

Vi estimerar att omsättningen har ökat med 40 % drivet av den starka utvecklingen inom försvarssektorn.

Bittium
Third party research4/23/2026, 6:35 AM

Bittium Q1 preview: excellent growth, pipeline rich in catalysts - NuWays AG Research

Bittium will publish its Q1'26 results on April 29. Q1'26e group net sales are seen to grow strongly 39% yoy to € 26.9m, with Defense & Security doing the heavy lifting with an impressive +91% yoy to € 20.5m (eNuW). Aggregate growth in Q1 is expected...

Bittium
Regulatory press release4/22/2026, 12:30 PM

Bittium Oyj: Decisions of Bittium Corporation's Annual General Meeting and the Organizing Meeting of the Board of Directors

Bittium
Regulatory press release4/15/2026, 6:15 AM

Bittium Oyj: New Share-Based Incentive Scheme for Bittium's Management

Bittium
Bittium och Telia implementerade ett hybridnätverk för Försvarsmakten
Analyst Comment4/8/2026, 5:37 AM by
Juha Kinnunen

Bittium och Telia implementerade ett hybridnätverk för Försvarsmakten

Det nya hybridnätverket utökar Försvarsmaktens taktiska dataöverföring till 5G-nätverket med hjälp av Bittiums FUSOR-programvarurouter.

Bittium
Regulatory press release3/31/2026, 10:00 AM

Bittium Oyj: Bittium Corporation's Annual Report 2025 Published

Bittium
Regulatory press release3/31/2026, 5:30 AM

Bittium Oyj: Notice to the Annual General Meeting of Bittium Corporation

Bittium
Bittium stärker sitt taktiska utbud med en ny mjukvarurouter
Analyst Comment3/26/2026, 5:17 AM by
Juha Kinnunen

Bittium stärker sitt taktiska utbud med en ny mjukvarurouter

Den nya mjukvaruroutern utökar taktiska nätverk till ännu större nätverkshelheter. Vi ser lanseringen som ett stöd för tillväxten inom försvarssektorn.

Bittium
Regulatory press release3/16/2026, 1:15 PM

Bittium Oyj: Change in Bittium Corporation's Management Group: Hanna Hulkko Appointed as Senior Vice President, Engineering Services Business Segment

Bittium
Bittium och Sensofusion: Störningsfri kommunikation i skuggan av drönare
Analyst Comment3/10/2026, 5:46 AM by
Juha Kinnunen

Bittium och Sensofusion: Störningsfri kommunikation i skuggan av drönare

Bittium utvecklar taktisk kommunikation för att fungera utan störningar även under aktiv bekämpning av fientliga drönare.

Bittium