Bittium Reports 60% Net Sales Growth in Second Quarter

Finnish technology company Bittium Oyj reported robust financial results for the second quarter of 2026, with net sales surging by 60.1% year-on-year to EUR 36.6 million. The company's operating profit also saw substantial improvement, reaching EUR 8.1 million, which equates to 22.2% of net sales.

The strong performance was primarily driven by the Defence & Security business segment, which experienced increased product deliveries. The Medical business segment saw a slight increase in net sales with a positive operating result. However, the Engineering Services segment's net sales decreased due to a weak market, and its operating result remained negative.

For the first half of 2026, Bittium's net sales reached EUR 57.9 million, a 37.2% increase compared to the same period last year. This growth surpassed Bittium's long-term target of 20–30%. The order backlog reached a record EUR 102.2 million, with 92.2% originating from the Defence & Security segment.

Bittium highlighted that its strong growth and internationalization efforts necessitate the evolution of its internal operating model. The company is investing in developing a data-driven and scalable operational model, alongside renewing processes and IT systems. The significant expansion in the defence sector also led to Bittium's international ICB industry classification being updated to 'defence', potentially attracting new investor interest.