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Bittium

33.45 EUR

+0.90 %

8,435 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+0.90 %
-0.59 %
-14.34 %
+11.50 %
+11.69 %
+302.04 %
+706.02 %
+413.82 %
+118.55 %

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.

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Market cap
1.19B EUR
Turnover
1.39M EUR
P/E (adj.) (26e)
43.64
EV/EBIT (adj.) (26e)
42.19
P/B (26e)
8.06
EV/S (26e)
8.09
Dividend yield-% (26e)
1.6 %
Coverage
Recommendation
Reduce
Target price
32.00 EUR
Updated
30.04.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 30.04.2026

Latest extensive report

Released: 28.05.2024

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
Valuation risk
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Forum discussions
Morning from Finland. mtv.fi Suomen vienti hakee vauhtia Ukrainan jälleenrakennuksesta Suomen vienti hakee vauhtia Ukrainan jälleenrakennuksesta
6/29/2026, 9:43 PM
by Berswago
14
Next week, July 7–8 (Tue–Wed), the NATO summit will be held in Turkey. In conjunction with this, there will be a defense industry forum, with Finnish companies such as Bittium, as well as Patria, Iceye, Forcit, Insta, Nokia, and Sensofusion, in attendance. Some agreements and projects...
7/3/2026, 7:08 AM
by Opa
11
In the HIMERA cooperation, I wouldn’t necessarily start calculating potential using a formula like “size of the Ukrainian army × number of radios.” Ukraine can certainly be a massive end market, but commercial predictability is on a completely different level compared to, for example...
6/26/2026, 8:18 AM
by Timba79
11
It was agreed here that potential cooperation opportunities will be explored. As a result, this may one day lead to revenue for Bittium and/or Himera, or it may not. In itself, it is great that Bittium is also active in Ukraine, which is out of necessity becoming quite a pioneer ...
6/26/2026, 2:17 PM
by Sereno
8
And you could look at Bittium a bit more broadly now, rather than just staring at the radios. Bittium is quite a lot more than just radios.
6/29/2026, 7:44 AM
by Timba79
5
This pessimism is great; if Himera and Bittium see many opportunities for cooperation and are so aligned on the principles of collaboration that they decide to sign a Memorandum of Understanding (MoU), then in my opinion, it would be surprising if nothing comes of it. Documents and...
6/27/2026, 10:59 AM
by Mikko Marttinen
5
Ok, but I still don’t understand how some Ukrainian startup has been able to develop a functional radio in a couple of years and doesn’t need Bittium’s technology, yet R&S or Indra are unable to do this? Is it now purely about the ESSOR waveform and Ukraine doesn’t need it? Except...
6/26/2026, 10:09 AM
by Mikko Marttinen
4
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

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

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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
Bittium modtager en vedligeholdelseskontrakt på 3,3 MEUR fra det estiske forsvar
Analyst Comment09.06.2026, 06.50 by
Juha Kinnunen

Bittium modtager en vedligeholdelseskontrakt på 3,3 MEUR fra det estiske forsvar

Estlands forlængelse af aftalen på 3,3 MEUR sikrer løbende serviceomsætning frem til 2030.

Bittium
Bittium modtager en tillægsordre på 1,9 MEUR fra det kroatiske luftvåben
Analyst Comment12.05.2026, 07.12 by
Juha Kinnunen

Bittium modtager en tillægsordre på 1,9 MEUR fra det kroatiske luftvåben

Kroatiens genbestilling på 1,9 MEUR udvider brugen af taktisk dataoverførsel til en ny forsvarsgren.

Bittium
Third party research30.04.2026, 08.13

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 venten på toppen af moderniseringsbølgen
Research30.04.2026, 07.00 by
Juha Kinnunen

Bittium Q1'26: Taktisk venten på toppen af moderniseringsbølgen

Nye betydelige ordrer til Bittium er efter vores mening kun et spørgsmål om tid i moderniseringsbølgen af taktisk kommunikation, men vores estimater forudsætter også disse ordrer.

Bittium
Bittium Q1'26 kort kommentar: Resultatet levede ikke op til forventningerne på grund af leveringstidspunkter
Analyst Comment29.04.2026, 08.00 by
Juha Kinnunen

Bittium Q1'26 kort kommentar: Resultatet levede ikke op til forventningerne på grund af leveringstidspunkter

Leverancerne i forsvarssegmentet udviklede sig ikke som forventet i begyndelsen af året, hvorfor Q1-regnskabsmeddelelsen lå markant under forventningerne.

Bittium
Regulatory press release29.04.2026, 07.00

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

Bittium
Bittium Q1 preview: Positions taken, now looking for hits
Analyst Comment27.04.2026, 08.06 by
Juha Kinnunen

Bittium Q1 preview: Positions taken, now looking for hits

Vi estimerer, at omsætningen er vokset med 40 % drevet af den stærke udvikling inden for forsvarssektoren.

Bittium
Third party research23.04.2026, 08.35

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