Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Vitec Software Group AB Class B ( ($SE:VIT.B) ) has shared an update.
Vitec Software Group reported a solid start to 2026, with first-quarter net sales rising 9% to SEK 955 million and recurring revenues up 7% to SEK 839 million, driven by both innovation-led upselling and price adjustments. Profitability improved as EBITA grew 11% to SEK 244 million, lifting the EBITA margin to 26%, while earnings per share before dilution increased 19%, despite a roughly 3% negative currency impact.
The company completed the acquisitions of Dutch firm Autonet and Swedish firm Infometric, adding over 75 employees and reinforcing its vertical software portfolio and recurring revenue base. Strong cash flow from operating activities of SEK 784 million and stable net debt at 2.0 times EBITDA, supported by an oversubscribed SEK 700 million bond issue, leave Vitec well positioned for further M&A and continued investment in AI-enhanced, mission-critical products across the group.
The most recent analyst rating on ($SE:VIT.B) stock is a Hold with a SEK410.00 price target. To see the full list of analyst forecasts on Vitec Software Group AB Class B stock, see the SE:VIT.B Stock Forecast page.
More about Vitec Software Group AB Class B
Vitec Software Group AB is a vertical market software company that develops and delivers mission-critical solutions to niche industries. The group focuses on subscription-based and transaction-based software, serving around 27,000 customers in 13 countries with 49 business units and a high share of recurring revenues.
Average Trading Volume: 158,916
Technical Sentiment Signal: Hold
Current Market Cap: SEK11.12B
Find detailed analytics on VIT.B stock on TipRanks’ Stock Analysis page.