Bittium announced on Friday that it has started to change negotiations in its smallest business segment Engineering Services, aiming to reach EUR 2m annual savings . While we highlight that ES covers only small part of group sales and especially value, the actions are relatively big compared to the ES business size. The actions support profitability but signal no quick demand rebound is expected. Bittium introduced a new ECG device. We think that the outlook in Defence remains strong.
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