Bittium Oyj 2023 AR2
The report highlights Bittium's updated strategy for 2024-2025, focusing on transitioning to a customer-centric, growth-oriented operating model with three business segments: Defense & Security, Medical, and Engineering Services. In 2023, the company reorganized its operations, resulting in a reduction of group operations personnel. Financially, net sales decreased by 8.8% to EUR 75.2 million, and the operating result was a loss of EUR 4.3 million, impacted by non-recurring costs from change negotiations and inventory write-downs. On the sustainability front, Bittium reduced its total carbon footprint to 620 tCO2e (1,049 kg CO2e per employee) and achieved a 99.9% waste recycling rate at its Oulu office. The company also launched the 'Seamless and Secure Connectivity' program with EUR 10 million in development funding from Business Finland.
Company: Bittium Oyj
Sector: Information Information Technology
Country: Finland
Year: 2023
Type: AR2
Pages: 184
Bittium Oyj
Annual Report
The report highlights Bittium's updated strategy for 2024-2025, focusing on transitioning to a customer-centric, growth-oriented operating model with three business segments: Defense & Security, Medical, and Engineering Services. In 2023, the company reorganized its operations, resulting in a reduction of group operations personnel. Financially, net sales decreased by 8.8% to EUR 75.2 million, and the operating result was a loss of EUR 4.3 million, impacted by non-recurring costs from change negotiations and inventory write-downs. On the sustainability front, Bittium reduced its total carbon footprint to 620 tCO2e (1,049 kg CO2e per employee) and achieved a 99.9% waste recycling rate at its Oulu office. The company also launched the 'Seamless and Secure Connectivity' program with EUR 10 million in development funding from Business Finland.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Employees