Bittium printed an exceptional Q2. Sales grew 60.1% yoy to € 36.6m (eNuW: € 27.2m, eCons: € 29.3m), a 25% beat vs consensus, on very strong Defense & Security (D&S) backlog conversion and product deliveries. D&S sales doubled yoy to € 28.7m (eNuW: € 19m, eCons: € 20.7m), 39% above consensus and the source of the entire group beat. Medical sales grew 3.2% yoy to € 4.9m (eNuW: € 4.8m, eCons: € 5.1m), while Engineering Services sales declined 14.5% yoy to € 3.3m (eNuW: € 3.4m, eCons: € 3.5m), due to a weak market and the reallocation of personnel to D&S projects
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