Annual Report 2024Contact InformationSitemapDownloadsSearchBittium in 2024CEO´s ReviewBusiness and Operating ModelBittium in BriefStrategyFinancial TargetsBittium’s Products and ServicesDefense & SecurityEngineering Services Business SegmentMedicalShareholdersShares and ShareholdersShare Price and Share Trading in 2024Dividend and Dividend PolicyTrading CodesShareholdersShareholding of the Board of Directors and the CEOInformation to ShareholdersFinancial Reports in 2025Silent PeriodBittium Corporation’s Annual General Meeting 2025Report by the Board of Directors2024 in ShortNet sales grew, profitability and cash flow improved significantly, growth strategy is progressingFinancial Performance in 2024Statement of Financial Position and FinancingResearch and DevelopmentStrategy Implementation and Other Significant Events in 2024Market Environment and Business Segments in January–December 2024Group FunctionsSignificant Events after the Reporting PeriodPersonnelChanges in the Company’s ManagementIncentive SystemsCorporate Governance StatementDecisions of the Annual General Meeting 2024 and Resolutions of the Organizing Meeting of the Board of DirectorsAuthorizations of the Board of DirectorsRisks and UncertaintiesOutlook for 2025Proposal by the Board of Directors for the Distribution of the DividendShare and Share CapitalFlagging NotificationsThe Group’s Key RatiosCalculation of Key RatiosSustainability StatementESRS 2 – General InformationBasis for PreparationGovernanceStrategy and Business ModelImpact, Risk and Opportunity ManagementESRS Content IndexData Points that Derive from Other EU LegislationEnvironmental InformationEU TaxonomyESRS E1 – Climate ChangeMaterial Impacts, Risks and OpportunitiesEnergy ConsumptionESRS E5 – Resource Use and Circular EconomySocial InformationESRS S1 – Own WorkforceESRS S2 – Workers in the Value ChainESRS S4 – Consumers and End-UsersGovernance InformationESRS G1 – Governance InformationCorporate Governance StatementIntroductionThe Board of DirectorsIntroduction of the Board of DirectorsErkki VeikkolainenPekka KemppainenVeli-Pekka PalorantaRiitta TiuraniemiPetri ToljamoRaimo JyväsjärviDescription of ActivitiesDiversity Principles of the Board of DirectorsThe Board CommitteesChief Executive OfficerJohan WestermarckManagement GroupPetri HiljanenTommi KangasKaroliina MalmiLaura KauppinenJari IngetKari JokelaElection and Remuneration of the AuditorMain Features of Internal Control and Risk Management 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 TransactionsRemuneration ReportFinancial Statements
Annual Report 2024