• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

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

39.25 EUR+0.13 %14.8, 17.29
8,495 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+0.13 %
+41.70 %
+9.03 %
+19.30 %
+31.05 %
+238.36 %
+894.93 %
+572.09 %
+156.45 %

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
1.4B EUR
Turnover
3.45M EUR
P/E (adj.) (26e)
57.12
EV/EBIT (adj.) (26e)
44.6
P/B (26e)
9.64
EV/S (26e)
9.11
Dividend yield-% (26e)
1.23 %
Coverage
Recommendation
Reduce
Target price
36.00 EUR
Updated
10.08.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 10.08.2026

Latest extensive report

Released: 28.05.2024

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types

Forum discussions
Below are the key figures for the Defence & Security (D&S) business segment. After crunching the numbers in Excel and following the Q2’26 webcast, I concluded that a significant portion of the D&S segment’s revenue growth and improved profitability in Q2’26 is likely explained by...
8/9/2026, 10:50 AM
by R-o-E
29
Really impressive. Not only was Q1’s slight shortfall against forecasts recovered, but we exceeded them, and by a wide margin. It seems orders are pouring in—the kind that either don’t need to be announced or aren’t considered significant enough to disclose. Either works for me. ...
8/7/2026, 6:20 AM
27
Great 2Q2026, especially considering that there weren’t really any actual new sales announcements released. Well, of course, Indra only came along towards the end of 2025. And 2H2026 should be better. Likely, the familiar cases have been trading more and across a larger portion of...
8/7/2026, 8:43 AM
by Opa
23
These long-term financial targets are starting to look like nothing more than paper. The investments in internationalization were supposed to have an impact by 2026. “Bittium targets an average annual net sales growth of 20–30 percent and an operating profit level of 10–20 percent...
8/7/2026, 1:55 PM
by Tomi Lindell
20
From the NuWays analysis: nuways-ag.com NuWays Platform The book-to-bill ratio is indeed 1.32, which I understand to be a very strong indicator of future growth as well. In other words, for every euro delivered, Bittium received 1.33 euros in new orders. Thus, the order backlog grew...
8/10/2026, 8:32 AM
by Hanhinääri
13
Juha Kinnunen’s quick comment: Strong defense deliveries and orders significantly exceeded expectations Bittium’s Q2 result clearly exceeded our expectations in terms of both revenue and profitability, thanks to strongly accelerated product deliveries in the Defense & Security segment...
8/7/2026, 7:16 AM
11
Linkki SEB:n analyysiraporttiin, missä käyvän arvon haarukkaan tuli muutos: "We lift our fair equity value range to EUR 35-45 (31-40) per share We hike our fair equity value range due to our estimate hikes." https://research.sebgroup.com/corporate/reports/143472
8/10/2026, 9:44 AM
by R-o-E
10
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.10
2026

Business review Q3'26

Third party research10.08.2026, 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: Kun betydelige nye åbninger mangler
Research10.08.2026, 07.00 by
Juha Kinnunen

Bittium Q2'26: Kun betydelige nye åbninger mangler

Bittiums Q2-regnskab var fremragende, men en stigning på 36 % eller over 350 MEUR var efter vores mening overdrevet uden nye internationale åbninger. Guidance for 2026 forblev uændret, og vores operationelle estimater steg med cirka 10 %.

Bittium
Bittium Q2'26 - kort kommentar: Stærke forsvarsleverancer og -ordrer overgik forventningerne klart
Analyst Comment07.08.2026, 08.01 by
Juha Kinnunen

Bittium Q2'26 - kort kommentar: Stærke forsvarsleverancer og -ordrer overgik forventningerne klart

Den voldsomme vækst i forsvarsleverancer løftede EBIT til 8,1 MEUR og overgik klart vores forventninger.

Bittium

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Bittium Oyj, Q2'26
Webcast07.08.2026, 08.00

Bittium Oyj, Q2'26

Bittium
Regulatory press release07.08.2026, 07.00

Bittium Oyj: Bittium Corporation's Half-Year Financial Report January-June 2026

Bittium
Regulatory press release07.08.2026, 07.00

Bittium Oyj: The Board of Directors of Bittium Corporation has decided on the distribution of extraordinary dividend

Bittium
Bittium Q2'26 preview: Signalet styrkes, men barren for resten af året er høj
Analyst Comment04.08.2026, 06.54 by
Juha Kinnunen

Bittium Q2'26 preview: Signalet styrkes, men barren for resten af året er høj

Vi forventer, at rentabiliteten forbedres betydeligt takket være forsvarsleverancer med høj margin og licensindtægter.

Bittium
Third party research31.07.2026, 08.36

Bittium Q2 preview: backlog supports growth, H2 has catalyst firepower - NuWays AG Research

Bittium will publish its H1'26 report on August 7. Publicly announced orders during Q2'26 totalled € 26.6m, the vast majority from FDF and set for delivery during FY26. Growth this year is still supported by the very strong order intake from December...

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Petri Hiljanen

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Teemu Hannula

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Niina Huikuri

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Erik Ahnger

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Kari Jokela

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Karoliina Malmi

Bittium
Regulatory press release01.07.2026, 14.15

Bittium Corporation - Managers' Transactions - Tommi Kangas

Bittium
Regulatory press release01.07.2026, 08.10

Bittium Oyj: Transfer of own shares based on the long-term incentive programme of Bittium Corporation

Bittium
Bittium modtager en Tough SDR-ordre på 14 MEUR fra Forsvaret
Analyst Comment12.06.2026, 06.52 by
Juha Kinnunen

Bittium modtager en Tough SDR-ordre på 14 MEUR fra Forsvaret

Forsvarets ordre på 14 MEUR mindsker usikkerheden og styrker vores tillid til de stærke vækstforventninger for 2026.

Bittium
Regulatory press release11.06.2026, 11.45

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 research10.06.2026, 08.25

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
Bittium styrker sin taktiske produktportefølje med to produktlanceringer
Analyst Comment10.06.2026, 07.42 by
Juha Kinnunen

Bittium styrker sin taktiske produktportefølje med to produktlanceringer

Det nye radiomodul åbner vejen til det voksende dronemarked og forvandler taktiske radioer til AI-assisterede sensorer.

Bittium