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Vitec Software Group AB Class B ( ($SE:VIT.B) ) has provided an update.
Vitec Software Group AB reported a 4% increase in net sales to SEK 916 million for the April-June 2025 period, with recurring revenues rising by 5%. However, the EBITA decreased by 11% to SEK 236 million, reflecting a challenging quarter. For the first half of 2025, net sales grew by 12% to SEK 1,796 million, driven by a 15% increase in recurring revenues. Despite the growth in sales, EBITA fell by 6% to SEK 456 million. The company remains focused on long-term growth through strategic acquisitions and maintaining a high proportion of recurring revenues, which provide stability and predictability in cash flows.
The most recent analyst rating on ($SE:VIT.B) stock is a Hold with a SEK580.00 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 market leader in vertical software, headquartered in Umeå, Sweden. The company develops and delivers standardized software solutions that support central functions in various industries, including energy, insurance, retail, hotels, religious organizations, and healthcare. Vitec operates 46 business units across 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 acquisitions, with a business model heavily reliant on recurring revenues.
Average Trading Volume: 69,705
Current Market Cap: SEK19.55B
For an in-depth examination of VIT.B stock, go to TipRanks’ Overview page.