Income Statement (MEUR) | |||||
|---|---|---|---|---|---|
| IFRS 2023 Continuing operation |
IFRS 2022 Continuing operations |
IFRS 2021 Continuing operations |
IFRS 2020 Continuing operations |
IFRS 2019 Continuing operations |
|
| Net sales, (MEUR) *) | 75.2 | 82.5 | 86.9 | 78.4 | 75.2 |
| Net sales change, % | -8.8 | -5.1 | 10.8 | 4.2 | 19.7 |
| Operating profit/loss, (MEUR) *) | -4.3 | 0.3 | 3.2 | 2.1 | 6.3 |
| % of net sales | -5.7 | 0.4 | 3.7 | 2.7 | 8.4 |
| Profit / loss for Continuing Operations before taxes, (MEUR) | 5.3 | -0.4 | 2.5 | 1.6 | 5.9 |
| % of net sales | -7.0 | -0.5 | 2.9 | 2.1 | 7.9 |
| Profit of the year from Continuing Operations, (MEUR) | -5.4 | 0.3 | 3.3 | 2.2 | 7.6 |
| % of net sales | -7.2 | 0.4 | 3.8 | 2.8 | 10.2 |
| Profit after tax for the year from Discontinued Operations, (MEUR) | 0 | 0 | 0 | 0 | 0 |
| % of net sales | 0 | 0 | 0 | 0 | 0 |
| Profit for the year attributable to equity holders of the parent, (MEUR) | -5.4 | 0.3 | 3.3 | 2,2 | 7.6 |
| % of net sales | -7.2 | 0.4 | 3.8 | 2,8 | 10.2 |
Balance sheet (MEUR) | |||||
|---|---|---|---|---|---|
| IFRS 2023 Continuing operation |
IFRS 2022 Continuing operations |
IFRS 2021 Continuing operations |
IFRS 2020 Continuing operations |
IFRS 2019 Continuing operations |
|
| Non-current assets | 84.6 | 85.0 | 85.9 | 86.4 | 80.5 |
| Inventories | 26.6 | 24.2 | 18.8 | 20.9 | 18.2 |
| Current assets | 60.5 | 61.4 | 50.7 | 55.6 | |
| Assets classified as held for sale | |||||
| Sharelolders' equity | 107.6 | 115.8 | 116.8 | 114.2 | 112.3 |
| Non-current liabilities | 1.8 | 21.7 | 21.5 | 21.9 | 22.1 |
| Current liabilities | 48.3 | 32.2 | 27.8 | 21.8 | 19.9 |
| Liabilities classified as held for sale | |||||
| Balance sheet total | 157.7 | 169.7 | 166.1 | 158.0 | 154.2 |
Profitability and Other Key Figures | |||||
|---|---|---|---|---|---|
| IFRS 2023 Continuing operations |
IFRS 2022 Continuing operations |
IFRS 2021 Continuing operations |
IFRS 2020 Continuing operations |
IFRS 2019 Continuing operations |
|
| Return on equity, % (ROE) | 0.2 | 2.9 | 1.9 | 6.9 | |
| Return on investment % (ROI) | 0.3 | 2.3 | 1.6 | 5.0 | |
| Interest-bearing net liabilities, (MEUR) | 14.2 | 3.4 | 0.2 | -2.1 | -12.6 |
| Net gearing, % | 13.2 | 3.0 | 0.2 | -1.9 | -11.2 |
| Equity ratio, % | 69.6 | 69.7 | 72.4 | 73.1 | 73.4 |
| Gross investments, (MEUR) *) | 9.4 | 9.5 | 9.6 | 17.4 | 21.3 |
| Gross investments, % of net sales | 12.5 | 11.5 | 11.0 | 22.2 | 28.3 |
| R&D costs, (MEUR) *) | 20.2 | 22.3 | 19.8 | 22.8 | 25.1 |
| R&D costs, % of net sales | 26.9 | 27.0 | 22.8 | 29.1 | 33.4 |
| Average personnel during the period, parent and subsidiaries *) | 601 | 641 | 664 | 673 | 665 |
Stock-Related Financial Ratios | |||||
|---|---|---|---|---|---|
| IFRS 2023 | IFRS 2022 | IFRS 2021 | IFRS 2020 | IFRS 2019 | |
Earnings per share from continuing operations, EUR |
|||||
| Basic earnings per share | -0.153 | 0.007 | 0.093 | 0.061 | 0.214 |
| Diluted earnings per share | -0.153 | 0.007 | 0.093 | 0.061 | 0.214 |
Earnings per share from discontinued operations, EUR |
|||||
| Basic earnings per share | |||||
| Diluted earnings per share | |||||
Earnings per share from continuing and discontinued operations, EUR |
|||||
| Basic earnings per share | -0.153 | 0.007 | 0.093 | 0.061 | 0.214 |
| Diluted earnings per share | -0.153 | 0.007 | 0.093 | 0.061 | 0.214 |
| Equity per share, EUR | 3.03 | 3.24 | 3.27 | 3.2 | 3.15 |
| Dividend per share, EUR *) | 0.03* | 0.05 | 0.04 | 0.0 | 0.1 |
| Dividend per earnings, % | 44.6 | 0.0 | 46.7 | ||
| P/E ratio | 560.1 | 56.9 | 94.9 | 30.4 | |
| Effective dividend yield, % | 0.3 | 0.8 | 0.5 | 0.0 | |
Market values of shares (EUR) |
|||||
| Highest | 5.20 | 6.08 | 7.89 | 7.67 | 8.03 |
| Lowest | 3.31 | 3.47 | 4.93 | 3.40 | 5.91 |
| Average | 4.22 | 4.71 | 6.18 | 5.74 | 6.70 |
| At the end of period | 4.81 | 3.98 | 5.30 | 5.79 | 6.50 |
| Market value of the stock, (MEUR) | 170.7 | 141.9 | 189.2 | 206.7 | 232.0 |
Trading value of shares |
|||||
| MEUR | 17.0 | 44.0 | 83.2 | 117.9 | 51.5 |
| 1000 pcs | 4 021 | 9 346 | 13 464 | 20 557 | 7 689 |
| Related to average number of shares % | 11.3 | 26.2 | 37.7 | 57.6 | 21.5 |
| Adjusted number of the shares at the end of the period (1000 pcs) | 35 486 | 35 702 | 35 700 | 35 693 | 35 693 |
| Adjusted number of the shares average during the period (1000 pcs) | 35 608 | 35 702 | 35 700 | 35 693 | 35 693 |
| Adjusted number of the shares average for the period diluted with stock options (1000 pcs) | 35 608 | 35 702 | 35 700 | 35 693 | 35 693 |
*) The Board of Directors of Bittium Corporation proposes to the Annual General Meeting to be held on April 10, 2024, that a dividend of EUR 0.03 per share be paid based on the balance sheet to be adopted for the financial year ended on December 31, 2023. The Board of Directors furthermore proposes that the Annual General Meeting would authorize the Board of Directors to decide, at its discretion, on the payment of an extraordinary dividend of EUR 0.03 per share, by October 31, 2024. The Board of Directors expects that this discretionary extraordinary dividend will be paid, unless there is a significant deterioration in the business environment during 2024.
