Here are Kinnunen’s comprehensive comments regarding Bittium’s new order from Indra. 
Bittium has received a EUR 20 million order from the Spanish company Indra related to the Tough SDR technology licensing agreement. The order is part of the strategic cooperation announced in December and reinforces our view of the company’s excellent earnings growth outlook for 2026. In practice, the order increases the revenue stream we expect from Indra in the coming years, as we estimate it will be recognized as revenue in 2026-2027. We are not making any forecast changes at this stage, but the news clearly reduces the risk associated with the forecasts for the coming years and allows for a potential positive surprise in the 2026 guidance.