Header - hero image Bittium in 2023
Annual
report
2024
Bittium in 2024

Bittium in Brief

Bittium is a Finnish technology company specializing in the development of reliable and secure communication and connectivity solutions, as well as products and services for out-of-hospital biosignal measurement and monitoring.

Bittium was founded in 1985 under the name Elektrobit. The name changed to Bittium after the company sold its Automotive business and the rights to the Elektrobit name on July 1, 2015. Bittium Corporation is a  listed company  on the main list of the Helsinki Stock Exchange (Nasdaq Helsinki Ltd) as BITTI.

Bittium operates in Finland, Germany and the United States. The company closed its offices in Mexico and Singapore in  2024 and continued operations in these countries with partners. The company’s headquarters are located in Oulu. In Finland, the company also has offices in Espoo, Kajaani, Kuopio and Tampere.

At the end of 2024 Bittium employed 511 people, most of whom are R&D engineers. During 2024 there were no significant changes to the company’s size, areas of operation, ownership, share distribution, revenue generation or maintenance of operations.

Bittium started segment-based financial reporting in 2024. The new reporting model has three reportable Business Segments: Defense & Security, Medical and Engineering Services. In addition, the company reports separately group operations. The goal of the transition to the new reporting structure is to improve transparency into the company’s business segments and their development.

Bittium’s business is global. Bittium takes into account statutory requirements, directives, so-called general standards and frameworks from a responsibility perspective in its businesses, products and services. These are for example SA 8000 (social responsibility), ISO 14001 (environmental systems), RoHS I, II, III (hazardous substances), REACH (chemicals regulation), WEEE (recyclability), ETJ+/ ISO 50001 (energy efficiency), and the requirements of the Corporate Sustainability Reporting Directive CSRD. As a global operator, Bittium also takes into account the special requirements of international customers.

Bittium’s Mission

Our mission is to utilize our world-class expertise and innovation to enable secure embedded technology for the benefit of people and societies.

Bittium’s Vision

Our vision is to become a global player in building embedded security technology solutions for complex environments.

Business model and Value Creation Model

Business Model and Value Creation