Bittium Corporation’s Half-year Financial Report January-june 2023

Bittium Corporation released its Half-Year Financial Report for January-June 2023, which showed a decrease in net sales of 8.8% and an operating result of EUR 0.3 million. The order backlog decreased slightly from the previous year and was EUR 28.0 million. The relative share of the product business in the net sales decreased slightly due to the cyclical nature of orders and timing of deliveries. Service-based net sales increased due to the increase in the demand for R&D services. The net sales for the first half of the year decreased by 13.2% from the previous year and the operating result was EUR -3.2 million.