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
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... 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
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      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
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

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-q2-preview-backlog-supports-growth-h2-has-catalyst-firepower-nuways-ag-research

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

Below is the Bittium analysis report published by SEB yesterday, July 28, 2026. “Bittium had an active Q2 in terms of announcements, including several deals from its existing clients and introducing new features and products to strengthen its position and future growth. We are below Bloomberg consensus estimates for Q2 sales and EBIT but are above consensus for 2026E. We expect the focus of the Q2 report to be on orders, demand comments and sales margins, with 2026 sales weighted towards H2.” https://research.sebgroup.com/corporate/reports/143331

It’s obviously a good thing. I don’t know how much capital tracks the OMXH25 index directly, but it is significant in relation to Bittium’s market cap and trading volume. We saw that in the share price increase today, which makes this comment unfortunately late. As I understand it, this is a market-cap-weighted index where the weight of an individual stock is capped at 10%. Bittium is currently clearly the smallest company in the index by market cap, but it will still have some weight in it. The index fund based on the Nordnet OMX Helsinki 25 ESG Responsible index is an interesting one. If I interpreted the index rules correctly with the help of AI, a company isn’t included if over 50% of its revenue comes from the defense sector (the highest limit because of tactical communications). It wasn’t entirely clear how exactly that is calculated, but dual-use, or Security, is apparently excluded from this. The revenue for the Defense & Security segment is clearly over 50%, but there is obviously a lot more to it than that. I’ll have to look into it properly later, or at the latest, it will become clear when the index composition changes. A good thing, in any case. In the long run, other factors (i.e., those boring fundamentals) will determine Bittium’s market value, but it does bring a certain amount of buying pressure to the stock.

I would be interested to hear Juha’s thoughts on the index inclusion. I would expect valuations in general to rise to some extent. I am also expecting some kind of reaction in the share price, but it’s hard to say when, naturally, not all the data is available.

Funds and ETFs (those tracking the OMXH25 index) buy them, for example, the Seligson OMXH25 ETF. Nordnet Suomi Indeksirahasto (Nordnet Finland Index Fund) could apparently also be one, but it seems to have some kind of additional ESG clause? I suppose they do scoop up significant amounts from the market, although arbitragers have naturally reacted to this long ago.

The rise to the OMX Helsinki 25 index is becoming a reality.  Someone here can probably explain what this means in practice.                   Nasdaq Company News              Nasdaq julkaisee OMX Helsinki 25® -indeksin puolivuotistarkistuksen tulokset

Where have these multi-billion deals been announced? The latest news was a 6.5 million deal with the Finnish Defence Forces. Why on earth would Bittium benefit from these deals when only KNL’s own products have been sold there? And are you seriously expecting an answer to the question of whether Nokia or some other company has inquired about buying Defence? Let’s use some common sense with these questions and personal assumptions.

Hi @Tallitonttu, @JOHTAJA1, and @Vangogh Thank you all for your questions. In the spirit of summer, I will answer everyone in one package. Bittium’s share of the ESSOR consortium is smaller than a calculated share (1/6) would be, because Finland’s share of these six countries is smaller. Larger countries have larger shares (they invest more) and smaller countries—such as Finland—have a smaller share. The countries’ shares were agreed upon at the time the consortium was established. This has nothing to do with the technology. Negotiations with our potential customers have progressed well, and we will announce any potential future deals via press releases, just as we have in the past. I would like to point out, however, that any potential orders that are large in size or significance to the company require disclosure via a stock exchange release. We currently have no new information regarding the UK tender process. Let us hope that the turbulence in the UK political scene does not affect the schedule of the tender. (UK Secretary of State for Defence John Healey resigned in June due to disagreements over defense spending plans.) The participation of representatives from Finnish defense and security companies in the President of the Republic’s foreign trips is an established practice when the theme of the trip is security or defense policy. On such trips, the President and the government simultaneously promote the exports and international partnerships of the Finnish defense industry, and the presence of business leaders enables direct meetings with other countries’ decision-makers, ministries of defense, and companies all in one place. Bittium participated in the NATO summit in Ankara as part of the business delegation. Participation in such delegations brings companies a great deal of visibility and increases credibility. Wishing everyone a sunny and warm continuation of the summer!

Bittium

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...

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 2025 (€ 84.4m from Indra, FDF and AAF), with Indra placing a further € 20m order in January 2026. On this basis, Q2'26e group net sales are seen to grow 18.8% yoy to € 27.2m, with Defense &amp; Security (D&amp;S) contributing € 19m (+33% yoy; eNuW). Mind you, aggregate growth in Q2 is expected to be below the FY26e run rate of +28% (eNuW), consistent with commentary that net sales will be heavily weighed towards H2'26, a pattern clearly exhibited between 2022-25.<br><br>Given the seasonality and strong sales pipeline of Bittium we see current price levels as an excellent entry point, with +44% upside to our price target. We confirm our BUY rating and € 40 PT based on a DCF model.

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

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