Elektrobit Group Oyj - Correction: Bittium Corporation Interim Report January-September 2015; non-recurring items in the operating result presented for the wrong period in the English version of 3Q 2015 summary
November 05, 2015
Correction: Bittium Corporation Interim Report January-September 2015; non-recurring items in the operating result presented for the wrong period in the English version of 3Q 2015 summary
Stock exchange release
Free for publication on November 5, 2015 at 12.30 pm (CET+1)
Correction: Bittium Corporation Interim Report January-September 2015; non-recurring items in the operating result presented for the wrong period in the English version of 3Q 2015 summary
The non-recurring items included in 3Q 2014 operating result are presented for the wrong period in the English version of Bittium Corporation's January-September 2015 interim report published today on November 5, 2015 at 8.00 am (CET+1). In the chapter "Summary July-September 2015, continuing operations" in the bullet regarding 3Q operating result the latter parenthesis is presented in a wrong place. This gives an understanding that the operating result of the period 3Q 2015 includes non-recurring income of EUR 1.1 million resulting from the reorganization cases of the TerreStar companies. This non-recurring income occurred in the comparison period 3Q 2014.
The corrected text is as follows: Operating result was EUR 0.0 million (EUR 1.1 million, 3Q 2014, including the non-recurring income of EUR 1.1 million resulting from the reorganization cases of the TerreStar Companies).
The corrected interim report is available from the link below: https://www.bittium.com/investors/financial_reports_and_presentations/financial_reports_2015 .
Oulu, November 5, 2015
Bittium Corporation
Further information
Hannu Huttunen
CEO
Bittium Corporation
Tel. +358 40 344 5466
Distribution
NASDAQ Helsinki
Main media
Bittium
Bittium is specialized in developing reliable and secure communications and connectivity solutions using the latest technologies and deep knowledge on radio technology. Bittium provides innovative products and customized solutions based on its product platforms, and R&D services for customers in various industries. Bittium also offers high quality information security solutions for mobile devices and portable computers. Net sales of continuing operations in 2014 was EUR 52.7 million and operating profit was EUR 0.8 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
