contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


bittium-oyj-bittium-corporation-managers-transactions-petri-toljamo-2

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

Hi @Karoliina_Malmi & Bittium Could you comment on the current production situation? According to recent newspaper articles, the CEO commented that production was currently churning out devices almost around the clock. Was this just a temporary situation or a longer-term trend? Additionally, it would be interesting to know who the deliveries are currently being made to, as no new disclosure threshold for deals has been crossed for a long time. In the summer, there was an announcement about a couple of million deal and the Boston announcement. Investors would certainly also be interested in the situation in Spain, are we still on schedule? (To be announced this year) And the situation in Austria currently? I’m under the impression that something should have been heard during the autumn, what’s the situation there now? Furthermore, there’s interest in communication regarding the Finnish Defence Forces (PV), now that new partnership agreements are in force. Does the Finnish Defence Forces (PV) now order equipment under the agreement without a disclosure obligation, even if it’s a larger order (e.g., +5 million)? My interest in these matters has arisen mainly because quite significant investments were made in CMD, and since then, there hasn’t been a single DEAL announcement. Thanks in advance!

This news is likely very strongly related to Bittium. “– The command and control system unit would offer an opportunity for the development of compatibility between Finland’s national and NATO command and control system services, states Minister of Defence Häkkänen in a press release from the Ministry of Defence”                   Yle Uutiset – 24 Nov 25              Suomi hamuaa uutta Nato-yksikköä    Suomi esittää Natolle uuden yksikön sijoittamista Suomeen.                             “The press release states that the task of the command and control system unit would be to produce telecommunications and information system services to support the command of NATO forces and leadership in Finland and, if necessary, throughout the entire alliance.”                   iltalehti.fi              Nyt tuli uusi Nato-avaus – Työllistäisi suomalaisia    Suomi tavoittelee Naton johtamisjärjestelmäyksikön sijoittamista Suomeen

Bittium participates in delegation  https://defmin.fi/en/-/permanent-secretary-pulkkinen-and-finnish-business-delegation-to-visit-allied-command-transformation

IMUGS2 has now been confirmed for Bittium, and it sounds good to be involved; one would think it supports businesses now and in the future.  The iMUGS2 project builds upon the achievements of the iMUGS project and strengthens Europe’s autonomy and robotics capabilities by developing a scalable, interoperable, and secure system-of-systems architecture for both unmanned and manned platforms. The project enhances Europe’s technological independence in key defense areas such as AI-based autonomy, system integration, data transfer, and command and control systems.   In the project, Bittium is responsible for the entire system’s data transfer, utilizing both tactical and commercial technologies and networks. Bittium’s solution seamlessly supports the cooperation and command of different branches of service and defense forces, as well as unmanned systems and troops, and the production and sharing of situational awareness in challenging battlefield conditions.   The iMUGS2 project has a duration of 36 months and a total value of 55 million euros, of which Bittium’s share is approximately 2.35 million euros.                    News Powered by Cision              Bittium jatkaa miehittämättömien järjestelmien kehitystä osana iMUGS2-hanketta    Bittium Oyj Lehdistötiedote  Bittium jatkaa miehittämättömien järjestelmien kehitystä osana

Here’s a link to today’s updated analysis, interesting reading.                   eqs-news.com              Original-Research: Bittium Oyj (von NuWays AG): Buy | Research - EQS News

The journey to this point. I practically cannot comment on the current view here / in the video separately, so I won’t take a stand on it. It would be problematic to anticipate possible future changes here for the “insiders”.  A bit the same boring answer as before. We’ll see.  This was a way to comment on different views, brought up by @Verneri_Pulkkinen. If you read the reports, these come through quite well. Many, of course, only look at recommendations, so here are quotes from previous reports: Previous report (Q3’25) end of valuation section: “…we remain neutral, even though the stock’s valuation multiples are somewhat alarming.” Of course, the report’s title was also “Let’s see Indra before drawing major conclusions”. CMD update end of valuation section: “In practice, the targets must be met in the coming years, preferably exceeded, for the stock to still have a good return expectation. This is possible with strong tailwinds, but the valuation is already in the red.” Q2’25 report end of valuation section: “However, we believe long-term investors can hold onto their shares and see what kind of performance Bittium ultimately achieves.” When using analysis reports, one should always try to look behind the view. I would always pay attention to the “conviction” level (I apologize, I couldn’t come up with a Finnish term for it now). We have considered whether this could be brought directly into the report, but for now, it comes through in the text. A ‘Hold’ recommendation has its pros, and these have indeed been considered often over the years. In this case, I think it would have been good, but it’s easy to say that in hindsight  These matters are, however, decided by the management of the Research business. Hope this clarified!

Thanks, Juha, for the recording. So, two or three things were the reason you haven’t been able to keep up with the situation since the beginning of the year.  Large players are not getting their own radios ready quickly enough, or at least not sufficiently quickly, and Bittium possesses expertise that these large players (Indra, BAE systems, Rohde&Schwartz) lack. The displacement of Elbit from European markets (Spain, Sweden, among others) due to the Gaza war. The pace of tactical radio renewals since the beginning of this year.  Indeed, these matters have surprised me as well, and certainly the markets. The pace is now rapid and is likely to only accelerate in the future. It is believed that agreements will be finalized at an increasing rate. A couple of questions. When you regretted your mistake, did it stem from this year’s process up to this point, or from the final outcome (or both)? I understood that you wished you had started pricing this more aggressively earlier in the year, thereby giving ‘add/buy’ recommendations and higher target prices. And I also understood that even if that had happened, the current recommendation and target price would have been the same then. So, you apparently regretted the journey more than the outcome? Back on the horse. How do we get there? If the outcome isn’t regrettable, but mainly the journey, then that’s an interesting situation. Hidden hold? I understood that at some point you would have wanted to give this a ‘hold’ recommendation. And as you did give it in the text part of some analysis. In my opinion, it’s an area for development to consider whether the ‘hold’ recommendation should be brought back into the repertoire. Because sometimes the best situation for an investor is just to hold and wait. As is currently the case for me with this.

Bittium

Bittium Corporation Managers' TransactionsBittium Corporation - Managers' Transactions - Petri ToljamoBittium Corporation, Stock Exchange Release, May 19, 2025, at 3:15 pm (CEST+1) Person subject...

Bittium Corporation Managers' TransactionsBittium Corporation - Managers' Transactions - Petri ToljamoBittium Corporation, Stock Exchange Release, May 19, 2025, at 3:15 pm (CEST+1) Person subject to the notification requirementName: Petri ToljamoPosition: Chief Executive OfficerIssuer: Bittium OyjLEI: 743700NFG5W5I59OVX65Notification type: INITIAL NOTIFICATIONReference number: 108905/4/4 &nbsp;Transaction date: 2025-05-15Outside a trading venueInstrument type: SHAREISIN: FI0009007264Nature of transaction: SUBSCRIPTION &nbsp;Transaction details(1): Volume: 14949 Unit price: 6.69 EUR &nbsp;Aggregated transactions (1): Volume: 14949 Volume weighted average price: 6.69 EUR &nbsp;Oulu, May 19, 2025Bittium Corporation &nbsp;Further information: Karoliina Malmi Vice President, Communications and Sustainability Tel. +358 40 344 2789DistributionNasdaq Helsinki Oy Main mediaBittiumBittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its 40-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&amp;D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology and neurophysiology. Net sales in 2024 were EUR 85.2 million and operating profit was EUR 8.6 million. Bittium is listed on Nasdaq Helsinki. <a href="http://www.bittium.com">www.bittium.com</a> <div></div>