Vitec Software Group AB

VIT B

Equity

ISIN SE0007871363 / Valor 30840841

NASDAQ Nordic Exchange Stockholm, Equities (2026-05-05)

SEK 260.00%

Vitec Software Group AB
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About company

Vitec Software Group AB is a Stockholm‑based, publicly listed provider of industry‑specific enterprise software, operating through a group of largely independent niche product companies that develop and deliver solutions for sectors such as real estate (agents and property managers), energy, and certain public‑sector and commercial verticals across the Nordics and parts of Europe. The company supplies a mix of cloud and on‑premise applications together with implementation, support and related services, generating recurring revenue from software licensing and subscriptions as well as professional services; its business model emphasizes long‑standing customer relationships and domain‑focused products rather than broad horizontal IT platforms.

Summarized from source with an LLMView SourceSector: Technology

Revenue and growth

Net sales rose 9% to 3,633 MSEK (2024: 3,334 MSEK). The increase was primarily driven by forvärv (acquisitions) completed in 2024–2025; reported organic growth was mixed during the year.

Recurring / SaaS revenue

Repetitive revenues increased to 3,204 MSEK (2024: 2,878 MSEK), underscoring Vitec’s high share of stable, subscription-like cash flows from vertical software offerings.

Profitability

EBITA amounted to 959 MSEK (2024: 1,002 MSEK), a 4% decrease. Reported operating result (EBIT) was 712 MSEK (2024: 697 MSEK). EBITA margin and operating margin were slightly lower year‑on‑year (EBITA margin reported at ~26% vs ~30% in 2024; operating margin ~20% vs 21% in 2024).

Cash flow and balance sheet

Cash flow from operating activities strengthened to 1,110 MSEK (2024: 949 MSEK) and cash conversion versus operating profit improved (cash conversion stated at 81%). Financial position remains solid with equity ratio (soliditet) of 47% (2024: 49%).

Dividend and shareholder returns

The board proposes a raised dividend per share of 3.68 SEK (2024: 3.60 SEK), continuing Vitec’s long record of shareholder distributions.

Acquisitions and M&A

2025 saw strategic add‑ons including Intergrip (Netherlands) and NMG (Poland). Reported contribution examples: Intergrip 2024 revenue ~28 MSEK (93% repetitive), NMG ~100 MSEK (45% repetitive). Vitec continues to pursue buy‑and‑build growth in vertical software niches.

Other operational metrics

Earnings per share rose to 10.96 SEK (2024: 10.74 SEK). Average number of employees increased to 1,688 (2024: 1,562). Return on equity and employed capital were around 9–10% (slightly below prior year).

Summarized from source with an LLMView Source

Key figures

-43.2%1Y

-53.2%3Y

-33.6%5Y

Performance

43.4%1Y

36.9%3Y

39.5%5Y

Volatility