Bittium's Revenue Up 37% to EUR 57.9M, Order Book Hits Record High
Bittium Oyj reported a 37.2% increase in revenue to EUR 57.9 million for the first half of 2026, with significant growth in its Defence & Security segment. The company's order book reached a record EUR 102.2 million.
Helsinki – Technology company Bittium Oyj announced strong financial results for the first half of 2026. Revenue rose by 37.2% year-on-year to EUR 57.9 million, and the operating profit reached EUR 9.6 million. The growth was primarily driven by the company's Defence & Security business segment.
The Defence & Security segment's performance was bolstered by significant product deliveries, which propelled the company's order book to a record EUR 102.2 million. Of this total, 92.2% is attributed to Defence & Security business activities.
Bittium anticipates the second half of 2026 to be stronger than the first, expressing high confidence in achieving its full-year financial targets. The company is continuously investing in enhancing its production and delivery capabilities to meet growing demand. International expansion remains a strategic focus, with opportunities identified in increasing defense spending, evolving health technology markets, and the expanding use of artificial intelligence.
The company's board has decided to propose an extra dividend of EUR 0.15 per share. This decision reflects the stability of the business environment and positive outlook. Bittium stated that the strong first-half results do not include any non-recurring items, but rather stem from orders and deliveries from multiple customers.