“Bittium deserves recognition for the company’s long term development,” said Inderes CEO Mikael Rautanen, noting that the provider of connectivity solutions rarely appears on lists of Finland’s most promising growth firms. “A public company with decades of history, a dividend yield and full transparency may simply appear too boring,” Rautanen posted on LinkedIn today.
Oulu-based Bittium has benefited from rising European defense spending and demand for secure communications systems. In 2025, it reported net sales of €119.3 million, a 40.1 percent increase from the previous year. Operating profit reached €19.4 million, more than doubling year over year, while EBITDA climbed to €32.4 million.
“The year 2025 was a year of international growth for Bittium,” CEO Petri Toljamo said in the company’s financial statement release. “The product development investments of the past years and the efforts to accelerate internationalization and commercialization under the new strategy began to materialize in the results.”
Defense orders have been a key driver. In December alone, the company secured multiple contracts, including a €50 million agreement with Spain’s Indra Group to license its Tough SDR technology. Bittium also signed framework agreements with the Finnish and Swedish Defence Forces.
Bittium expects momentum to continue. For 2026, it forecasts net sales of €140–155 million and operating profit of €26–32 million.
