Long-Term Financial Targets

(Updated December 9, 2022)

Bittium announced on November 27, 2020, that it aims for an average annual net sales growth of more than 10 percent and an operating profit level of 10 percent.

The global coronavirus pandemic and the worldwide disruption in the availability of electronic components that followed the pandemic have slowed down the development of the company's business and sales in 2021 and 2022. However, the company now estimates that the market is recovering, and the component shortage will recede during 2023.

The Board of Directors of Bittium Corporation has decided to specify the company's long-term financial goals due to the recovery of the market and the expected favorable business development. Bittium continues to aim for an average annual net sales growth of more than 10 percent and an operating profit level of 10 percent and now estimates that it will achieve these goals in 2024.