Slide 1: Bittium Corporation Financial Statement Bulletin 2020
Bittium Corporation Financial Statement Bulletin 2020 CEO Hannu Huttunen | CFO Pekka Kunnari February 11, 2021
Slide 2: Forward-looking Statements
Financial Statement 2020 Forward-looking Statements Some statements made in this material relating to future circumstances or status, including, without limitation, future performance of the company, expectations regarding market growth, trend projections as well as any statements preceded by the wo
Slide 3: Contents
Contents Main Events 2H 2020 Financial Review 4Q and 1-12 2020 Outlook for 2021
Slide 4: Highlights July-December 2020
Highlights July- December 2020 CEO Hannu Huttunen
Slide 5: Main Events 2H 2020
Financial Statement 2020 Main Events 2H 2020 The deliveries of the tactical Product development for Bittium Tough New framework agreement signed with communication products for the Austrian SDR™ radios continued. US cardiac monitoring services provider and Estonian Defence Forces and other Preventic
Slide 6: Possible Implications of the Coronavirus Pandemic to Bittium
Financial Statement 2020 Possible Implications of the Coronavirus Pandemic to Bittium • Bittium’s sales cycles are long by their nature, however, the effects of the pandemic have begun to show in the company's business. • Examples of possible implications of coronavirus pandemic to Bittium: • Financ
Slide 7: Financial Review
Financial Review CFO Pekka Kunnari
Slide 8: Net Sales in Q4 2020
Financial Statement 2020 Net Sales in Q4 2020 MEUR 30,0 • Total net sales decreased by 19.1 % 25,0 to MEUR 21.8 (MEUR 26.9) 20,0 • Product-based net sales decreased by 15,0 27.8 % to MEUR 14.5 (MEUR 20.1) 10,0 • 66 % of total net sales 5,0 • Service-based net sales increased by 0,0 6.7 % to MEUR 7.3
Slide 9: Net Sales in 2020
Financial Statement 2020 Net Sales in 2020 MEUR 80,0 • Total net sales increased by 4.2 % to 70,0 MEUR 78.4 (MEUR 75.2) 60,0 50,0 • Product based net sales increased by 40,0 7.6 % to MEUR 53.1 (MEUR 49.4) 30,0 • 68 % of total net sales 20,0 10,0 • Service based net sales decreased by 0,0 2.6 % to ME
Slide 10: Operating Result in Q4 and 2020
Financial Statement 2020 Operating Result in Q4 and 2020 By Quarters By Years 5,0 20,0 % 7,0 10,0 % MEUR 4,0 MEUR 5,0 15,0 % 5,0 % 3,0 3,0 10,0 % 2,0 1,0 0,0 % 5,0 % 1,0 -1,0 -5,0 % 0,0 % 0,0 -3,0 -1,0 -5,0 % -10,0 % -5,0 -2,0 -10,0 % 4Q 1Q 2Q 3Q 4Q -7,0 -15,0 % 2019 2020 2020 2020 2020 2017 2018 20
Slide 11: Strong R&D Investments
Financial Statement 2020 Strong R&D Investments R&D investments declined, however, stayed at high MEUR 30,0 50,0 % level and were MEUR 22.8 equaling 29.1% of the net sales (MEUR 25.1 equaling 33.4% of the net sales) 25,0 40,0 % • MEUR 13.6 was capitalized (MEUR 15.6) 20,0 • Depreciations of R&D inve
Slide 12: Cash Flow
Financial Statement 2020 Cash Flow MEUR 2020 2019 Net profit +/- adjustment of accrual basis items 14.1 14.3 Change in net working capital -6.8 -4.2 Interests and taxes -0.5 -0.4 NET CASH FROM OPERATING ACTIVITIES 6.9 9.6 Net cash from investing activities -15.9 -18.6 Net cash from financing activit
Slide 13: Assets and Liabilities
Financial Statement 2020 Assets and Liabilities Balance sheet per 31st of December, 2020 was total MEUR 158.0 • Trade and other payables MEUR 20.7 • Property, plant and • Inventories MEUR 20.9 • Interest bearing debt equipment MEUR 22.8 • Trade and other receivables MEUR 26.1 MEUR 22.5 • Capitalized
Slide 14: Outlook for 2021
Outlook for 2021 CEO Hannu Huttunen
Slide 15: Outlook for 2021
Financial Statement 2020 Outlook for 2021 Bittium expects that the net sales in 2021 will grow from the previous year (EUR 78.4 million in 2020) and the operating result to be better than in the previous year (EUR 2.1 million in 2020). The world-wide coronavirus pandemic affects the global economy a
Slide 16: Contact us.
Contact us. www.bittium.com investor.relations@bittium.com