Financial Outlook for 2019
(Updated February 21, 2019)
The amount of wireless broadband data transfer applications is expanding and diversifying. Also the amount of data transfer and the need for secure data transfer are growing. These all create demand for Bittium´s leading edge technology products and solutions.
The digitalization of healthcare and remote care are becoming more common, enhancing the healthcare services and creating demand for Bittium´s medical technology products and solutions. In order to enable strong international growth in a long term, 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 expects that the net sales in 2019 will grow from previous year (EUR 62.8 million in 2018) and the operating profit to be better than in the previous year (2.8 million in 2018). Due to the product deliveries focusing on the second half of the year, the accumulation of the operating result is expected during the second half of the year, as in the previous year. In addition, the level of operating result in 2019 will be impacted by the investments in own products and product platforms started in 2017.
More information about other uncertainties regarding the outlook is presented in the Financial Statement in the section "Risks and uncertainties" and on these internet pages in Identified risks and uncertainties.