Vitec Software Group AB Class B (SE:VIT.B)
:VIT.B
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Vitec Software Group AB Class B
(VIT.B)
Select Model
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Rating:72Outperform
Price Target:
kr302.00
▼(-14.30% Downside)
Action:UpgradedDate:04/24/26
The score is driven primarily by strong financial performance (rapid TTM growth, solid margins, and strong free cash flow), supported by constructive technical momentum. These positives are tempered by a relatively high P/E and watch-items in financial quality (gross margin inconsistency, rising debt, and mixed cash conversion).
Positive Factors
Recurring revenue business model
A subscription/licensing model in vertical niches creates predictable, high-retention revenue and strong customer stickiness. Recurring maintenance, upgrades and services produce durable cash flows and higher lifetime value, supporting steady reinvestment in product development and niche expansion.
Negative Factors
Rising debt / moderate leverage
Debt around 0.6x equity and a material rise since 2021 reduces financial flexibility. Higher leverage increases interest and refinancing risk, constrains the firm's ability to self-fund acquisitions or weather margin compression, and amplifies earnings volatility if growth slows.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue business model
A subscription/licensing model in vertical niches creates predictable, high-retention revenue and strong customer stickiness. Recurring maintenance, upgrades and services produce durable cash flows and higher lifetime value, supporting steady reinvestment in product development and niche expansion.
Read all positive factors
Vitec Software Group AB Class B (VIT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.00B
Dividend Yield1.14%
Average Volume (3M)50.09K
Price to Earnings (P/E)23.9
Beta (1Y)0.75
Revenue Growth5.39%
EPS Growth7.51%
CountrySE
Employees1,660
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)2.49
Shares Outstanding37,400,290
10 Day Avg. Volume42,172
30 Day Avg. Volume50,091
Financial Highlights & Ratios
PEG Ratio13.79
Price to Book (P/B)2.54
Price to Sales (P/S)3.38
P/FCF Ratio11.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.94
Revenue Forecast (FY)kr3.98B
Vitec Software Group AB Class B Business Overview & Revenue Model
Company Description
Vitec Software Group AB Class B (VIT.B) is a Swedish software company specializing in the development of software solutions for various industries, including media, broadcasting, and public sector organizations. The company operates through multip...
How the Company Makes Money
Vitec primarily makes money by selling and operating its own vertical software products, typically under recurring licensing/subscription-style arrangements that generate ongoing revenue over the customer lifecycle (e.g., access rights, upgrades, ...
Vitec Software Group AB Class B Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.71B | 3.63B | 3.33B | 2.78B | 1.98B | 1.57B |
| Gross Profit | 868.71M | 718.77M | 1.23B | 1.05B | 1.19B | 751.44M |
| EBITDA | 1.34B | 1.29B | 1.32B | 940.05M | 620.70M | 496.64M |
| Net Income | 450.95M | 435.36M | 410.10M | 339.18M | 244.87M | 206.94M |
Balance Sheet | ||||||
| Total Assets | 11.81B | 10.27B | 10.08B | 7.83B | 6.32B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 759.02M | 416.51M | 243.55M | 171.85M | 615.79M | 119.85M |
| Total Debt | 3.61B | 2.92B | 2.54B | 2.26B | 1.63B | 873.76M |
| Total Liabilities | 6.76B | 5.43B | 5.18B | 4.42B | 3.11B | 1.76B |
| Stockholders Equity | 5.05B | 4.84B | 4.91B | 3.41B | 3.21B | 1.99B |
Cash Flow | ||||||
| Free Cash Flow | 886.71M | 1.08B | 546.46M | 341.45M | 278.02M | 259.83M |
| Operating Cash Flow | 1.14B | 1.11B | 949.04M | 718.40M | 563.37M | 488.02M |
| Investing Cash Flow | -1.65B | -1.18B | -1.96B | -1.68B | -1.44B | -1.51B |
| Financing Cash Flow | 767.41M | 266.87M | 1.10B | 489.91M | 1.34B | 1.02B |
Vitec Software Group AB Class B Technical Analysis
Positive
352.40
Price Trends
237.85
Positive
263.49
Positive
312.70
Negative
Market Momentum
5.25
Negative
73.21
Negative
91.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VIT.B, the sentiment is Positive. The current price of 352.4 is above the 20-day moving average (MA) of 234.66, above the 50-day MA of 237.85, and above the 200-day MA of 312.70, indicating a neutral trend. The MACD of 5.25 indicates Negative momentum. The RSI at 73.21 is Negative, neither overbought nor oversold. The STOCH value of 91.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VIT.B.
Vitec Software Group AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr10.00B | 23.91 | 8.26% | 1.14% | 5.39% | 7.51% | |
68 Neutral | kr2.99B | 22.71 | 32.28% | 1.41% | 6.61% | 20.90% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr1.47B | 14.33 | ― | ― | -2.24% | -18.90% | |
55 Neutral | kr1.30B | 2.92 | ― | 1.92% | -24.46% | 2794.77% | |
54 Neutral | kr2.07B | -129.80 | -50.59% | ― | -9.10% | -2244.57% | |
44 Neutral | kr2.51B | -17.17 | ― | ― | 13.69% | 26.98% |
* Technology Sector Average
SE:VIT.B
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Vitec Software Group AB Class B Corporate Events
Vitec Software Group Lifts Margins and Expands Portfolio in Strong First Quarter
Apr 23, 2026
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 a...
Vitec to Webcast First-Quarter 2026 Interim Report Presentation
Apr 2, 2026
Vitec Software Group will publish its interim report for January–March 2026 on April 23 at 8:00 a.m. CEST, followed by an English-language webcast presentation with CEO Olle Backman and Head of Investor Relations Patrik Fransson at 10:00 a.m...
Vitec Software Group Sets April 28 Date for 2026 Annual General Meeting
Mar 30, 2026
Vitec Software Group AB has convened its Annual General Meeting for April 28, 2026, at the Clarion Hotel Umeå in Sweden, with proceedings to be held in Swedish. Shareholders must be registered with Euroclear Sweden by April 20 and complete th...
Vitec raises SEK 700 million in bond issue to fund software acquisitions
Feb 11, 2026
Vitec Software Group has issued SEK 700 million in senior unsecured notes with a four-year tenor under its existing MTN programme, carrying a floating rate of three-month STIBOR plus 1.60%. The notes, which attracted strong investor demand, are in...
Vitec Proposes New Board Members as It Expands Governance for Growth
Feb 9, 2026
Vitec Software Group’s Nomination Committee has proposed the election of Jonas Ahlberg of Lagercrantz Group and former Hexpol CFO Karin Gunnarsson to its Board of Directors at the April 28, 2026 Annual General Meeting, as part of a long-runn...
Vitec Grows Recurring Revenue and Cash Flow in 2025 Despite Margin Pressure
Feb 6, 2026
Vitec Software Group reported solid top-line growth for 2025, with net sales rising 9% to SEK 3,633 million and recurring revenues up 11% to SEK 3,204 million, underscoring the strength of its subscription-based business model. However, profitabil...
Vitec Bolsters Energy and Real Estate Software Portfolio With Infometric Acquisition
Feb 2, 2026
Vitec Software Group has strengthened its position in vertical market software by acquiring 80% of Swedish firm Infometric AB, a market leader in systems for metering, analyzing and billing energy, water and temperature consumption in the housing ...
Vitec boosts vertical software portfolio with majority stake in Dutch firm Autonet
Jan 29, 2026
Vitec Software Group has reinforced its position in the vertical market software segment by acquiring a 75% stake in Dutch firm Autonet, a market leader in mission-critical software for the automotive dismantling sector in the Netherlands and Belg...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.