Aktieanalys utförd av tredje part

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

Detta är en aktieanalys producerad av tredje part och reflekterar därför nödvändigtvis ej våra åsikter och värderingar

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 € 2.8m vs. eNuW € 5.2m and BBG cons. € 6.4m, while EBIT of € 1.5m was in line with eNuW but below BBG cons. € 2.9m. As guided in February, sales and operating profit are expected to be heavily H2-weighted, reflecting the typical seasonality of the business.

We keep our BUY rating and € 40 PT unchanged, based on DCF.