Bittium Oyj: Strong Growth Forecasted for H2 2026

Bittium Oyj is set to release its H1 2026 report on August 7, following significant order fulfillment in Q2 2026. Public orders totaled €26.6m, predominantly from FDF. This builds on a robust order book from late 2025. Net sales for Q2 2026 are projected to grow by 18.8%, reaching €27.2m, driven largely by the Defense & Security segment with €19m in contributions.

EBITDA for the second quarter is anticipated to hit €4.6m, a notable increase from €2.9m in Q2 2025. This is partly due to cost management following Medical restructuring charges recorded last year. Bittium's order backlog was a record €92.5m in Q1 2026, covering 70% of planned sales for the remainder of the year.

With a promising H2 outlook, Bittium could exceed its annual guidance targets. The potential conclusion of a UK tender may further influence future performance. Analysts from NuWays AG maintain a 'BUY' rating with a target price of €40, indicating a 44% upside.