Bittium

39.60 EUR

+0.76 %

8,275 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

Overview

Financials & Estimates

Investor consensus

+0.76 %

+32.22 %

+50.00 %

+190.75 %

+277.14 %

+507.36 %

+836.17 %

+465.71 %

+158.74 %

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.

Market cap

1.41B EUR

Turnover

3.38M EUR

P/E (adj.) (25e)

67.76

EV/EBIT (adj.) (25e)

66.23

EV/S (25e)

11.99

Dividend yield-% (25e)

0.89 %

Coverage

Recommendation

Accumulate

Target price

36.00 EUR

Updated

13.01.2026

Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 26.03.2025

Latest extensive report

Released: 28.05.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

19.2

2026

Annual report '25

22.4

2026

General meeting '26

29.4

2026

Business review Q1'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

Ny Indra-ordre cementerer Bittiums vækstforventninger for 2026

Analyst Comment1/19/2026, 5:30 AM by

Ny Indra-ordre cementerer Bittiums vækstforventninger for 2026

Bittium har modtaget en ordre på 20 MEUR fra spanske Indra i forbindelse med licensaftalen for Tough SDR-teknologien.

Regulatory press release1/16/2026, 3:00 PM

Bittium Oyj: Inside Information: Bittium Wireless Ltd, a Subsidiary of Bittium Corporation Received Purchase Order Related to the Transfer of Tough SDR Technology to Spanish Indra Group

European Defense Sector Outlook: Long-cycle rearmament drives fundamentals, but stretched valuations force selectivity

Analyst Comment12/30/2025, 8:39 AM by

Renato Rios, Henri Vanhanen

European Defense Sector Outlook: Long-cycle rearmament drives fundamentals, but stretched valuations force selectivity

Peace talks change headlines, not procurement, rearmament keeps rolling ahead.

Saab W5 Solutions Argo Defence Group Scandinavian Astor Group Scandinavian Astor Group MilDef Group INVISIO Bittium

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European Defense Sector Outlook: Long-cycle rearmament drives fundamentals, but stretched valuations force selectivity

Article12/30/2025, 6:15 AM by

Renato Rios, Henri Vanhanen

European Defense Sector Outlook: Long-cycle rearmament drives fundamentals, but stretched valuations force selectivity

Peace talks change headlines, not procurement, rearmament keeps rolling ahead.

Saab Bittium W5 Solutions Scandinavian Astor Group Scandinavian Astor Group MilDef Group INVISIO Argo Defence Group

Regulatory press release12/29/2025, 1:30 PM

Bittium Oyj: Inside Information: Bittium Wireless Ltd, a Subsidiary of Bittium Corporation licenses its Tough SDR Technology to Spanish Indra Group

Regulatory press release12/29/2025, 1:30 PM

Bittium Oyj: Inside Information, Profit Warning: Bittium Corporation Raises its Financial Outlook for 2025

Regulatory press release12/19/2025, 12:45 PM

Bittium Oyj: Bittium Corporation's Financial Calendar for the Year 2026

Regulatory press release12/17/2025, 3:10 PM

Bittium Oyj: Inside Information: Significant Order for Bittium Wireless Ltd, a Subsidiary of Bittium Corporation, for Expanding the Austrian Armed Forces' Tactical Communications Network

Regulatory press release12/17/2025, 9:00 AM

Bittium Oyj: Inside Information: Bittium Wireless Ltd, a Subsidiary of Bittium Corporation, Continues Supplying the Finnish Defence Forces with Next-Generation Bittium Tough SDR™ Radios

Life Science Companies as Investments | Life Science Night Dec. 9, 2025

14:40

Video12/16/2025, 7:30 AM

Life Science Companies as Investments | Life Science Night Dec. 9, 2025

Antti Siltanen, Life Science Analyst, PhD, talks about life science companies as investments.

Aiforia Technologies Bioretec Biohit Faron Pharmaceuticals Modulight Nexstim Orion Bittium Detection Technology Optomed Revenio Group Nightingale Health Herantis Pharma Nanoform Finland

Regulatory press release11/5/2025, 11:30 AM

Bittium Oyj: Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd has signed a Framework Agreement in the Field of Command-and-Control Systems with the Finnish and Swedish Defence Forces

Regulatory press release10/24/2025, 5:00 AM

Bittium Oyj: Bittium Corporation's Business Review January-September 2025

Bittium's Capital Markets Day 2025

Webcast9/23/2025, 9:30 AM

Bittium's Capital Markets Day 2025

During the day, Petri Toljamo, the CEO of Bittium and the Heads of Company’s Business Segments will provide information about development of the markets relevant to Bittium, long-term growth opportunities and growth strategies.

Regulatory press release9/23/2025, 5:30 AM

Bittium Oyj: Inside Information: Bittium Corporation Updates its Long-Term Financial Targets and Refines Its Strategy for 2026-2028

Regulation of medical devices and diagnostics in Europe

Analyst Comment9/19/2025, 5:18 AM by

Regulation of medical devices and diagnostics in Europe

The EU is the world's second largest market for medical devices after the United States. In this article, we will go through the basics of EU regulation from an investor's perspective.

Bioretec Aiforia Technologies Nexstim Biohit Optomed Revenio Group Modulight Detection Technology Nightingale Health Bittium

Classification of medical devices and regulatory processes in the United States

Analyst Comment9/8/2025, 9:56 AM by

Classification of medical devices and regulatory processes in the United States

We continue our series of articles focusing on Life Science investing, the first four parts of which focused on drug development. Subsequent articles will cover medical devices.

Bioretec Nexstim Optomed Revenio Group Modulight Bittium Detection Technology

Regulatory press release9/8/2025, 9:45 AM

Bittium Oyj: Inside Information: Bittium Corporation Launches New Ultra Secure Bittium Tough Mobile 3 and Establishes a Strategic Collaboration with HMD Secure Oy

Bittium, Webcast, Q2'25

Webcast8/8/2025, 6:00 AM

Bittium, Webcast, Q2'25

Regulatory press release8/8/2025, 5:00 AM

Bittium Oyj: Bittium Corporation's Half-Year Financial Report January-June 2025

Regulatory press release7/18/2025, 9:45 AM

Bittium Oyj: Inside Information: Bittium Corporation's Subsidiary Bittium Wireless Ltd. and Indra Group to Sign a Letter of Intent for Strategic Cooperation on Tactical Radio Communications Solution

Forum discussions

Hi @Tallitonttu Thank you for the clarifying question. While some answers have already been provided here, I will confirm the details here nonetheless. In principle, we cannot disclose much more about either order than what has been stated in the releases. However, I will try to ...

1/21/2026, 8:46 AM

by Karoliina_Malmi

29

Additional order from Indra. News Powered by Cision Sisäpiiritieto: Bittium Oyj:n tytäryhtiö Bittium Wireless Oy on saanut... Bittium Oyj Sisäpiiritieto Sisäpiiritieto: Bittium Oyj:n tytäryhtiö Bittium Wireless Oy on

1/16/2026, 3:42 PM

by sillinkutoja

24

This is how I’ve interpreted the Indra cooperation; there probably isn’t anything new here (either), but regardless. The original press releases mentioned a deal value of approximately €120M for the Indra deal, but in the latest communications, the wording has changed to “over €120M...

1/17/2026, 9:37 AM

by Timba79

20

Hi @Karoliina_Malmi Happy New Year. This Spanish contract has caused some confusion among investors. As you previously mentioned in your reply, the earlier 50M contract did not include product sales. Apparently, neither does this new 20M contract. I wonder if this new contract is...

1/16/2026, 6:33 PM

by Tonttu

20

Here are Kinnunen’s comprehensive comments regarding Bittium’s new order from Indra. Bittium has received a EUR 20 million order from the Spanish company Indra related to the Tough SDR technology licensing agreement. The order is part of the strategic cooperation announced in December...

1/19/2026, 5:49 AM

by Sijoittaja-alokas

15

A KL forum member has visited the terminal (Jan 22, 2026); SEB (nominee-registered) already owns over 2.2 million shares, or about 6.5% of the shares. No flagging notifications have appeared, so it is likely that several parties have increased their holdings. 1.3 million shares on...

1/22/2026, 9:42 PM

by Opa

14

The share price development hasn’t made me a multi-millionaire. That depends entirely on the timing of the purchase ps. The book-entry account (AOT) number hasn’t changed over the years either. Of course, investment activities have moved from “Merita” to Nordnet Those have just stayed...

1/15/2026, 10:48 AM

by anttirs

6

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