BITTINasdaq HelsinkiCommunication EquipmentIFRS · EUR

Bittium Oyj

Bittium is a Finnish technology company specializing in advanced communication solutions and services for the defense and security markets. The company is known for its tactical communication systems and secure mobile devices, which are used by defense forces and authorities worldwide. Bittium also provides engineering services and develops medical technology solutions, including remote monitoring devices. Their strategic focus is on international expansion and maintaining technological leadership in their core markets.

Revenue119m EUR
+40.1 %y/y
Operating profit (EBIT)19.4m EUR
+125.1 %y/y
EBIT margin16.3%
+6.2 ppy/y
Net income21.3m EUR
+193.7 %y/y
Free cash flow11.3m EUR
−52.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-250255075100125m EUR2020: 78 m EUR2020: EBIT 2.1 m EUR20202021: 87 m EUR2021: EBIT 3.2 m EUR20212022: 82 m EUR2022: EBIT 0.34 m EUR20222023: 75 m EUR2023: EBIT -4.3 m EUR20232024: 85 m EUR2024: EBIT 8.6 m EUR20242025: 119 m EUR2025: EBIT 19 m EUR202511919
RevenueOperating profit (EBIT)

Business

Share of revenue
Defense & Security60 %

Includes tactical communication systems and secure devices for defense forces and authorities.

Medical Technology20 %

Comprises remote monitoring devices and solutions for healthcare applications.

Engineering Services20 %

Offers product development and engineering services, particularly in wireless connectivity.

Customers

Bittium's customers primarily include defense forces and governmental authorities seeking advanced communication solutions. The company also serves healthcare providers with its medical technology products. In addition, Bittium collaborates with technology companies for engineering services, focusing on wireless connectivity and embedded AI solutions. The company's strategic partnerships, such as with BAE Systems and Indra Group, enhance its market reach and innovation capabilities.

Defense Forces

Buy tactical communication systems for secure operations.

Governmental Authorities

Use secure mobile devices for high-security communication.

Healthcare Providers

Utilize remote monitoring devices for patient care.

Technology Companies

Engage Bittium for engineering services in wireless solutions.

Strategy

Bittium's strategic priorities focus on accelerating international sales and expanding its presence in key markets. The company is investing in scaling operations and enhancing its technological capabilities to maintain its position as a pioneer in defense communications. Strategic collaborations, such as with Indra Group, aim to develop innovative solutions like software-defined radios. Bittium also emphasizes growth in its medical technology and engineering services segments.

International Sales ExpansionMedium term

To increase market reach and revenue.

Technological LeadershipLong term

To maintain competitive advantage in defense communications.

Growth in Medical TechnologyMedium term

To diversify revenue streams.

Geography

Q3/2025

Bittium operates globally with a strong presence in Europe, the Americas, and Asia. The company has recently expanded its international sales efforts, including opening a new office in London to strengthen its UK market presence. Bittium's manufacturing and R&D activities are primarily based in Finland, supporting its commitment to providing reliable Finnish solutions. The company's geographic diversification helps mitigate risks associated with regional market fluctuations.

Finland100 %

Risks

Bittium faces several risks, including geopolitical uncertainties that could affect demand and pricing competitiveness. The company is also exposed to market changes in the defense, healthcare, and telecommunications sectors. Dependency on key customer segments poses a risk if there are deviations in business development. Additionally, global supply chain disruptions and regulatory changes could impact operations and financial performance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical Uncertainty1Customer Dependency2Market Changes3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical UncertaintyImpact: HighLikelihood: Medium

    Affects demand and pricing competitiveness.

  2. Customer DependencyImpact: HighLikelihood: Medium

    Revenue concentration in key segments.

  3. Market ChangesImpact: MediumLikelihood: Medium

    Exposed to shifts in defense and healthcare sectors.

Accounting

Judgemental items
Revenue Recognition

Critical for long-term contracts in defense and engineering services.

Impact: Significant on financial results

R&D Capitalization

Influences reported profitability.

Impact: Affects earnings visibility

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Bittium Oyj (BITTI) Revenue, Earnings & Financials 2025 – Clarifo