Annual Report 2023SitemapDownloadsContact InformationSearchBittium in 2023CEO´s ReviewBusiness and Operating EnviromentBittium in BriefStrategyFinancial TargetsBittium’s Products and ServicesEngineering Services Business SegmentMedical TechnologiesDefense & SecurityShareholdersShares and ShareholdersShare Price and Share Trading in 2023Share Buy-Back ProgramDividend and Dividend PolicyTrading CodesShareholdersShareholding of the Board of Directors and the CEOInformation to ShareholdersFinancial Reports in 2024Silent PeriodBittium Corporation’s Annual General Meeting 2024Corporate Governance StatementIntroductionThe Board of DirectorsIntroduction of the Board of DirectorsErkki VeikkolainenPekka KemppainenVeli-Pekka PalorantaRiitta TiuraniemiPetri ToljamoDescription of ActivitiesDiversity Principles of the Board of DirectorsThe Board CommitteesChief Executive OfficerJohan WestermarckManagement GroupAntti NäykkiTommi KangasKaroliina MalmiLaura KauppinenAntti KeränenJari IngetKari JokelaElection and Remuneration of the AuditorMain Features of Internal Control and Risk Management Processes Related to Financial Reporting ProcessesRisk ManagementMain Principles of Organizing Risk ManagementMain Principles of the Risk Management ProcessGeneral Description of Internal Control and Operational ProceduresInternal Control Framework of the CompanyCore Business Processes of Businesses and Enabling FunctionsInternal Controls of Financial ReportingRoles and Responsibilities Regarding Risk Management and Internal ControlInsider GuidelinesRelated Party TransactionsSustainability ReportCEO´s Statement on SustainabilityBittium in BriefOur Value Creation ModelMegatrends Affecting Bittium’s BusinessSustainability ManagementSustainability Organization and Risk ManagementBittium’s Ethical Principles and Code of ConductStakeholder CooperationSustainability at BittiumSustainability Program 2022–2025Materiality AnalysisAlignment with the UN’s Sustainable Development GoalsThe Focus Areas in Sustainability at BittiumInnovative and Developing PeopleConfidential Customer Relationships and Secure ProductsCorporate Citizenship and Sustainable Business PracticesEnvironmentReportingReporting Basics and PrinciplesGRI Content IndexReport by the Board of Directors2023 in ShortNet Sales and Operating Profit in 2023 Decreased Year-on-YearFinancial Performance in 2023Statement of Financial Position and FinancingResearch and DevelopmentStrategy Implementation and Other Significant Events in 2023Market Environment and Business Development in January–December 2023Significant Events after the Reporting PeriodOutlook for 2024Market OutlookRisks and UncertaintiesStatement of Non-Financial InformationEU Taxonomy DisclosurePersonnelChanges in the Company’s ManagementIncentive SystemsAuthorizations of the Board of Directors at the End of the Reporting PeriodShare and Share CapitalFlagging NotificationsThe Board, Board Committees and the AuditorCorporate Governance StatementDividend from 2022Financial Statements
Annual Report 2023