Pressmeddelanden, rapporter och bolagsmeddelande för Bittium Oyj

Bittium Corporation's Half-Year Financial Report for January-June 2024 reveals significant improvements in net sales and operating results. The company has adopted segment-based financial reporting, covering Defense & Security, Medical, Engineering Services, and Group Functions. In Q2 2024, net sales in the Defense & Security segment grew notably due to increased deliveries and service projects, while the Medical and Engineering Services segments saw declines due to regulatory delays and market challenges. Overall, Q2 net sales were EUR 19.8 million, a 4.4% year-on-year decrease, but operating profit improved to EUR 1.9 million. For the first half of 2024, net sales increased by 6.5% to EUR 37.9 million, with operating profit reaching EUR 2.9 million. The company made significant strides in its Defense & Security segment, signing important international agreements and continuing cooperation with the Finnish Defense Forces. The Medical segment faced delays due to stricter regulatory requirements but continued to strengthen its organization and operations. Engineering Services saw project delays due to market conditions but secured new deals in the telecom and construction industries. Bittium maintains its financial outlook for 2024, expecting net sales of EUR 85-95 million and an operating result of EUR 7.0-9.5 million. A press conference will be held on August 9, 2024, to discuss the report further.

Bittium Corporation announced that it will publish its Half-Year Financial Report for January-June 2024 on Friday, August 9, 2024, at 8.00 am (CEST+1). The report will be available on the company’s website immediately after publication. A webcast for media, analysts, and institutional investors will follow at 9.00 am (CEST+1) in English, with a recording and presentation accessible later on the company’s website. Bittium specializes in secure communications and connectivity solutions, information security for mobile devices, and healthcare technology products. In 2023, the company reported net sales of EUR 75.2 million and an operating loss of EUR 4.3 million. Bittium is listed on Nasdaq Helsinki. For more information, contact Karoliina Malmi, Vice President of Communications and Sustainability.

Bittium Corporation announced that its Bittium Tough Mobile™ 2 C solution has been approved by the NATO Communications and Information Agency (NCIA) for NATO Restricted level use. The solution is now listed in the NATO Information Assurance Product Catalogue (NIAPC). The Bittium Tough Mobile™ 2 C includes a smartphone with dual-boot functionality for personal and confidential use, the Bittium Secure Suite™ for device management and encryption, and the Bittium Secure Call™ application for end-to-end encrypted communication. This approval allows NATO countries to use Bittium's secure mobile communication solutions, which are designed to meet high-security requirements for governmental organizations. Bittium is a Finnish company specializing in advanced radio communication technologies and secure communications, with a net sales of EUR 75.2 million in 2023.

Bittium Wireless Ltd, a subsidiary of Bittium Corporation, has entered into a Framework Agreement with BAE Systems Digital Intelligence to offer Bittium's tactical communications products, services, and systems to BAE Systems' customers in the UK and internationally. The agreement, which runs from 2024 to 2027, does not include a minimum purchase commitment or exclusivity. BAE Systems, a major defense operator, and Bittium plan to jointly participate in future tenders for tactical communications requirements, including offering the NATO-standard ESSOR High Data Rate Waveform supported by Bittium Tough SDR™ radios. The first tenders under this agreement are expected in the latter half of 2024. Both companies expressed their commitment to leveraging this partnership to enhance their technological offerings and expand in international markets. Bittium specializes in secure communications and connectivity solutions, while BAE Systems focuses on defense, aerospace, and security solutions.