Bittium Q2: Higher deliveries and order beat - SEB

Bittium continued strong defence growth in Q2. Sales and consequently earnings beat SEBe and Bloomberg consensus significantly. P&L beat was mainly a result of delivery timing, but order intake also grew strongly and beat our expectation by 20%. Discussions and pilots with new potential clients have progressed. Guidance was reiterated. We believe the report supports the story.

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/143458