Long-term Financial Targets
The global disruption in the availability of electronic components that followed the coronavirus pandemic has had a slowing effect on the development of the company´s business and sales in 2021 and 2022. The company estimates that the markets are recovering and that the component shortage will ease during 2023.
At the end of the year 2022, the Board of Directors of Bittium Corporation specified the Company´s long-term financial targets due to the recovery of the market and the expected favorable business development. Bittium aims for an average annual net sales growth of more than 10 percent and an operating profit level of 10 percent and estimates that it will achieve these goals in 2024.