Bittium Oyj Shows Strong Q3 Performance with Indra Licence Boost

Bittium Oyj's Q3 performance exceeded expectations, largely due to the Indra licence's impact. The Defense & Security segment, bolstered by product deliveries and a significant tech transfer, propelled sales to €45.8 million, nearly doubling year-over-year. This achievement surpassed consensus predictions by 31%. Furthermore, revenue from the Indra licence was estimated at €18-22 million for the quarter.

Despite a challenging product development market, Engineering Services remained stable with a €3.3 million revenue. Group EBITDA reached €27.0 million, representing a 59% margin, underscored by high-margin Indra income. Bittium raised its EBIT guidance to €29-36 million for FY26. The order intake was seasonally lower, but the backlog doubled to €71.7 million, positioning the company well for its sales targets.