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Bittium

33.40 EUR

-15.23 %

8,421 following

BITTI

NASDAQ Helsinki

Telecommunications

Technology

-15.23 %
+5.36 %
+25.09 %
+11.52 %
+72.34 %
+378.51 %
+700.96 %
+442.21 %
+118.23 %

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
10.66M EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Reduce
Target price
Updated
30.04.2026
Disclaimer
Juha Kinnunen
Juha Kinnunen

Analyst

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

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
Hi @Hanhinaari Thank you for bringing this to the forum’s attention, and I would like to clarify the message slightly. Today, we participated in the Digital Defense seminar organized by NuWays, and at the end, CEO Petri Toljamo was asked about the possibility of selling a similar...
5/19/2026, 11:38 AM
by Karoliina_Malmi
32
Toljamo also mentioned that there are new announcements coming at the Paris Air Show in June. I suspect this relates to drones. At the UN, Toljamo stated that if Bittium’s devices were integrated into drones, they could no longer be jammed. This means, for example, that Russia would...
5/19/2026, 10:37 AM
by Hanhinääri
16
A more winding story regarding the situation of the German D-LBO. Some progress seems to have been achieved, but it is somewhat difficult from the outside to estimate what, how much, and what it ultimately means for the big picture. Success in one area does not yet mean the whole...
5/19/2026, 12:28 PM
by Opa
12
SEB’s report is behind the link, an 85-page deep dive. On Friday, we were still at the top of the range, and now on Monday, we’re at the bottom… Fair value range of EUR 35-43 We estimate a fair equity value range of EUR 35-43 per share based on three DCF scenarios and a multiples...
17 hours ago
by Opa
10
“Just with radios”. Where are these comments even coming from? Bittium is the only European manufacturer with field-tested, WORKING devices where ESSOR also functions. Their partners include such “small firms” as Indra, BAE Systems, Lockheed Martin, and so on. Additionally, there...
22 hours ago
by Kootteri
7
Bittium is out of the OMX Helsinki Benchmark index. The downside of removal is typically that index-tracking funds sell their positions. Perhaps Bittium’s correlation to “Hesuli” (Helsinki Stock Exchange) isn’t strong enough; one would think the market cap, turnover, etc., would ...
5/25/2026, 12:08 PM
by Opa
6
In my opinion, the growth potential for the business and earnings does not rely solely on new customer accounts and radios. Personally, I am counting on new products being introduced and then sold to a growing customer base—that is where the leverage is created that the current calculation...
22 hours ago
by Mikko Marttinen
5
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