Financial outlook for 2018

(Updated August 8, 2018)

The growing need for wireless connectivity, increasingly growing amount of data transfer and the need for secure data transfer create demand for Bittium´s competence, products and product platforms. As the digitalization of the healthcare market and remote care are becoming more common it creates demand for Bittium´s medical technology products and solutions. In a long term Bittium has good potential to grow profitably. Bittium invests significantly in developing its own products and solutions and aims at growing its net sales based on its products and product platforms.

Bittium specifies its expectations for the whole year 2018 operating result and estimates the operating result for the whole year to be positive. Bittium expects that the net sales in 2018 will grow from the previous year (EUR 51.6 million, in 2017) and the operating result to be positive (EUR -6.2 million, in 2017). The level of operating result in 2018 will be still affected by the investments started in 2017 to enable future growth.

More information about Bittium's market outlook is presented in the Half Year Financial report in the section "Market Oulook" and on these internet pages in market outlook.

More information about other uncertainties regarding the outlook is presented in the Half Year Financial report in the section "Risks and uncertainties" and on these internet pages in Identified risks and uncertainties.

Previous outlook: Bittium expects that the net sales in 2018 will grow from the previous year (EUR 51.6 million, in 2017) and the operating result to be better than in the previous year (EUR -6.2 million, in 2017). The level of operating result in 2018 will be still affected by the investments started in 2017 to enable future growth.