Vitec to Restate Transaction Revenue Under ESMA Agent Model, Lifting Margins

Vitec Software Group AB Class B ( ($SE:VIT.B) ) just unveiled an update.

Vitec Software Group is changing how it accounts for certain transaction-based revenues in two subsidiaries following updated European Securities and Markets Authority guidance on principal-versus-agent rules. The Enova grid balancing and Vitec BidTheatre programmatic advertising units will now be treated as agents, meaning their transaction flows are reported on a net rather than gross basis from the second quarter of 2026, with figures restated back to early 2023.

The shift will reduce reported 2025 net sales by about 8 percent, to SEK 3,327 million, while cutting purchases of goods and services by the same amount and lifting reported EBITA, operating and Cash EBIT margins by roughly two percentage points. Underlying profitability, cash flow, financial position and earnings per share remain unchanged, suggesting the move primarily affects Vitec’s top-line optics and margin presentation rather than its economic performance, but may influence how investors compare its revenue scale and efficiency to peers.

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 leading Nordic provider of vertical software, headquartered in Umeå, Sweden. The company develops niche software solutions tailored to specific industries, grows both organically and through acquisitions, employs around 1,850 people, and is listed on Nasdaq Stockholm, with 2025 net sales of SEK 3,633 million.

Average Trading Volume: 140,479

Technical Sentiment Signal: Sell

Current Market Cap: SEK10.55B

For an in-depth examination of VIT.B stock, go to TipRanks’ Overview page.