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Vitec Software Group AB Class B ( ($SE:VIT.B) ) has provided an announcement.
Vitec Software Group AB Class B reported a 10% increase in net sales to SEK 2,650 million for the period January to September 2025, driven by a 13% rise in recurring revenues. Despite the growth in sales, the company experienced a decrease in EBITA by 6% and a decline in the EBITA margin to 26%. The acquisition of Intergrip was highlighted as a strategic move to bolster its market position. Vitec’s strong cash flow supports its strategy of reinvesting in products and acquisitions, aiming for sustainable long-term growth.
The most recent analyst rating on ($SE:VIT.B) stock is a Buy with a SEK408.00 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 Class B is a leading provider of vertical software solutions, headquartered in Umeå, Sweden. The company develops standardized software that supports central functions across various industries, including energy, insurance, retail, hotels, religious organizations, and healthcare. Vitec operates through 46 business units in 12 countries, serving customers in over 50 countries worldwide. The company is listed on Nasdaq Stockholm OMX Large Cap and focuses on long-term growth through organic development and strategic acquisitions, with a business model emphasizing high recurring revenues for stable cash flows.
Average Trading Volume: 80,946
Technical Sentiment Signal: Sell
Current Market Cap: SEK14.63B
For an in-depth examination of VIT.B stock, go to TipRanks’ Overview page.