5 Years Development

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.