Stock exchange release Free for publication on October 5, 2016 at 8.00 am (CEST+1) Cooperation with significant customer of Bittium Corporation will reduce Bittium Corporation has received information according to which significant customer cooperation with a global network equipment manufacturer will reduce during 2017. According to the information received, if the planned actions of the customer will materialize in full, these actions might have a negative effect to Bittium’s net sales and operating result in 2017. The reduction of the cooperation will not have an effect on the Bittium’s outlook for 2016 published in the half year financial report January-June 2016. Bittium expects further that the net sales in 2016 will grow from the previous year (net sales of EUR 56.8 million, in 2015). The development of the operating result includes still many uncertainties and therefore the company has decided not to give guidance on the development of the operating result. These uncertainties include possible non-recurring investments in building long-term growth and significant variations in the operating result between the quarters due to the timing of product deliveries. Bittium will publish the outlook for 2017 in connection with the financial statement bulletin January-December 2016. As part of the strategy work, Bittium will evaluate the effects of the reduction of the cooperation on the financial targets given on July 1, 2015 in connection with company’s strategic guidelines. These financial targets published were as follows: The target during 2015 - 2017 is to grow the net sales at least 10 % annually and reach EBIT level 10 % of net sales at the latest in 2017. Bittium targets, by the year 2017, to clearly increase the share of net sales generated from own products and product platforms, from the 26.7 % level of net sales in 2014. Bittium will publish its interim report January-September 2016 on November 3, 2016 at 8.00 am (CEST+1). Oulu, October 5, 2016 Bittium Corporation The Board of Directors Further information: Hannu Huttunen CEO Tel. +358 40 344 3507 Distribution: Nasdaq Helsinki Ltd Main media Bittium Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its 30years legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and customized solutions based on its product platforms and R&D services complementing its communications and connectivity solutions. Bittium offers proven information security solutions for mobile devices and portable computers. Net sales of continuing operations in 2015 were EUR 56.8 million and operating profit was EUR 2.3 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
Cooperation with significant customer of Bittium
Top 10 Most Recent News Articles
STARTRADER Strengthens NBA Partnership, Eyes Broader Reach
Taking the Court for Season Two STATRADER is stepping into its second season with the NBA like a player determined to secure a playoff spot. With the 2026-27 NBA season underway since October 20th, STARTRADER isn't just sitting courtside. Instead, it's bolstering its presence across a variety of platforms, from in-arena displays to broadcast placements and beyond. You...
Continue Reading
Miracle League Marks Two Decades with Big Fundraising Win
A Double Decade Celebration of Dream and Dedication The Miracle League of the Triangle sure knows how to throw a party—for them, it's not just a gala; it's a testament to two decades of turning dreams into reality. On October 13th, over 300 guests gathered at the Angus Barn Pavilion in Cary, NC, proving that passion for inclusive baseball is just as alive as it was 20...
Continue Reading
Faith on Trial: La Luz del Mundo Faces Court Ruling
A Legal Battle Over Religious Freedom When folks start talking about religion intertwining with law, things get real tricky, real quick. The La Luz del Mundo church is knee-deep in such a legal tussle. On October 28, 2026, the United States District Court for the Southern District of New York gave a nod to the prosecution, denying the church's pretrial motions. What we've...
Continue Reading
Review Insurance Coverage After Major Life Changes
Why Life Changes Demand an Insurance Review The nitty-gritty of life doesn't sit still—marriages, babies, job changes, and home deals or steals each bring their own clutter to the table. One thing's for sure: when your life shifts, your insurance ought to keep pace. Insurance Agent Nick Hogan drops the dime in the latest HelloNation article, laying it bare why...
Continue Reading
York Space Systems Faces Turbulence Amid Investor Lawsuit
York's Shaky Strategy Under the Microscope How do you go from sky-high ambitions to a grinding halt in a matter of weeks? This ain’t your typical Wall Street plot twist—it involves York Space Systems, or NYSE:YSS. These guys promised dominance in the Space Development Agency’s Transport Layer program, only to have their shooting star come crashing down. And now,...
Continue Reading
AGIBOT's Worken: A New Era in Robot Productivity
Measuring Productivity Goes Beyond Manufacturing Robots aren't just assembly-line tools anymore. In Shanghai, AGIBOT dropped a bombshell at their Innovation Day event: the introduction of Worken, a framework that turns the spotlight on robots' real-world task performance over mere numbers on a production line. Breaking Down Worken Worken, a mash-up of 'Work' and 'Token,'...
Continue Reading
Abbe Lane's Estate Auction: Glamour Up for Grabs
Glamour from the Mid-Century Comes to the Auction Block In a world obsessed with the flavor of the month, a collection that truly turns heads by sailing in on a wave of genuine mid-century splendor isn't something you stumble upon every day. John Moran Auctioneers has the privilege to crack open the vault on the Estate of Abbe Lane, a name that once rolled off tongues...
Continue Reading
2026 Environmental Leadership Awards Unveiled by SP
Celebrating Green Pioneers: SP's Vision in Action Right out of Indianapolis, there's a buzz around the Suppliers Partnership for the Environment's big reveal: the 2026 Environmental Leadership Award recipients. These aren't just plaques to hang on a wall; these awards shout out significant strides in automotive sustainability. Recognized players like Visscher-Caravelle,...
Continue Reading
A&S Construction Creates Winning Culture in Louisville
A&S Construction's Winning Formula: Culture Over Growth Look, in the dog-eat-dog world of construction, what really sets you apart isn't just how many roofs you stack up or the number of renovations you churn through. It's how you treat your people. And A&S Construction of Louisville gets that—ranking No. 6 in its category on the 2026 Best Places to Work list, all while...
Continue Reading
MGM China Hits Record Highs Amid Market Challenges
Highs Amid Headwinds: MGM China's Standout Quarter Rolling into one's portfolio, MGM China isn't just coasting along—it's smashing some records, despite fierce headwinds. It's not all smooth sailing in Macau's gaming scene, but MGM China has hammered out its third-quarter results with gusto, setting new records for revenue and adjusted EBITDA. These folks aren't just...
Continue ReadingTop 5 Most Recently Viewed Articles
How $100 Invested in Howmet Aerospace Would Gain Value Today
Transformative Investment: Howmet Aerospace Over Five Years Howmet Aerospace (NYSE: HWM) has shown remarkable growth over the last five years, consistently outperforming the market. With an impressive 23.87% increase on an annualized basis, investors have seen substantial gains, resulting in an average annual return of 38.01%. The current market capitalization for Howmet...
Continue Reading
Insights on Douglas Dynamics' Upcoming Earnings Report
Understanding Douglas Dynamics' Earnings Preview Douglas Dynamics Inc (NYSE: PLOW) is poised to unveil its latest quarterly earnings report soon. This is a pivotal moment for investors and stakeholders alike, as they eagerly await insights into the company’s financial health and operational direction. Analyst Expectations In the lead-up to the announcement, analysts...
Continue Reading
The Future of the Enteral Syringe Market: Growth and Innovation
Growth Potential of the Global Enteral Syringe Market The global enteral syringe market is set to experience substantial growth over the upcoming years. Various factors, such as rising chronic health conditions and valuable advancements in technology, particularly artificial intelligence (AI), significantly influence this trend. Analysts estimate that the market will...
Continue Reading
Acclaimed Educator Marilyn Pryle Acknowledged Among Finalists
Celebrating Marilyn Pryle’s Recognition in Education Marilyn Pryle has been celebrated recently for her outstanding contribution to education, being selected as one of the top 50 finalists for a prestigious global award. This honor underscores the immense value and dedication that educators bring to their communities through their teaching efforts. The Impact of the...
Continue Reading
Dive into the Thrills of Kansas City's Haunted Attractions
Kansas City's Historic Haunts Begin Their Thrilling Season The renowned haunted attractions in Kansas City's Historic West Bottoms District are set to amaze haunt enthusiasts once again. This year marks the 51st season of these beloved fright fests, opening their gates to thrill-seekers eager for spine-chilling experiences. The attractions—Beast, Edge of Hell, and...
Continue Reading