Vitec is a leading software company within vertical market software, originating in Umeå, Sweden. We develop and deliver standard programs for various niches, such as pharmacies, banks, car workshops, real estate, healthcare and education.
The larger part of our software is distributed to our customers as ‘software as a service’, or SaaS. This means that it is accessible over the internet according to a subscription model. It gives us stable and predictable cash flow, which in turn makes it possible for us to act in the long-term. To our customers, this means low investment costs, easy start-up as well as security in quick access to upgrades and new functions.
1985
Served areaWorldwide
HeadquartersTvistevägen 47A, 90729 Umeå – Sweden
Line item in (sek) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|
Assets | N/A | 3,751,777,000.00 | 6,320,824,000.00 |
Noncurrent Assets | N/A | 3,315,848,000.00 | 5,271,954,000.00 |
Property Plant And Equipment | N/A | 47,932,000.00 | 55,115,000.00 |
Goodwill | N/A | 1,689,392,000.00 | 2,900,642,000.00 |
Intangible Assets Other Than Goodwill | N/A | 1,429,168,000.00 | 2,163,031,000.00 |
Deferred Tax Assets | N/A | 8,061,000.00 | 13,483,000.00 |
Other Noncurrent Financial Assets | N/A | 25,481,000.00 | 38,811,000.00 |
Current Assets | N/A | 435,929,000.00 | 1,048,870,000.00 |
Inventories | N/A | 2,788,000.00 | 2,825,000.00 |
Current Trade Receivables | N/A | 246,691,000.00 | 331,749,000.00 |
Other Current Receivables | N/A | 6,127,000.00 | 8,720,000.00 |
Current Tax Assets Current | N/A | 15,415,000.00 | 27,571,000.00 |
Cash and cash equivalents | 134,695,000.00 | 119,857,000.00 | 615,787,000.00 |
Equity And Liabilities | N/A | 3,751,777,000.00 | 6,320,824,000.00 |
Equity | 843,348,000.00 | 1,989,104,000.00 | 3,209,758,000.00 |
Issued Capital | N/A | 3,504,000.00 | 3,732,000.00 |
Retained Earnings | N/A | 721,242,000.00 | 897,381,000.00 |
Other Reserves | N/A | 2,822,000.00 | 197,724,000.00 |
Additional Paidin Capital | N/A | 1,261,537,000.00 | 2,110,921,000.00 |
Equity Attributable To Owners Of Parent | N/A | 1,989,104,000.00 | 3,209,758,000.00 |
Noncurrent Liabilities | N/A | 1,141,674,000.00 | 2,150,629,000.00 |
Deferred Tax Liabilities | N/A | 289,291,000.00 | 407,697,000.00 |
Noncurrent Financial Liabilities At Fair Value Through Profit Or Loss | N/A | 32,876,000.00 | 192,571,000.00 |
Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 4,791,000.00 | 72,000.00 |
Noncurrent Portion Of Noncurrent Loans Received | N/A | 691,297,000.00 | 1,334,696,000.00 |
Noncurrent Portion Of Other Noncurrent Borrowings | N/A | 45,030,000.00 | 159,079,000.00 |
Current Liabilities | N/A | 620,999,000.00 | 960,437,000.00 |
Trade And Other Current Payables To Trade Suppliers | N/A | 46,784,000.00 | 56,696,000.00 |
Current Accruals And Current Deferred Income Including Current Contract Liabilities | N/A | 318,223,000.00 | 404,675,000.00 |
Current Tax Liabilities Current | N/A | 36,591,000.00 | 61,702,000.00 |
Other Current Liabilities | N/A | 160,359,000.00 | 362,374,000.00 |
Line item in (sek) | 01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
---|---|---|
Revenue | 1,571,309,000.00 | 1,978,191,000.00 |
Revenue From Rendering Of Information Technology Maintenance And Support Services | 1,324,214,000.00 | 1,631,256,000.00 |
Revenue From Rendering Of Information Technology Consulting Services | 194,368,000.00 | 253,629,000.00 |
Licence Fee Income | 27,295,000.00 | 54,483,000.00 |
Other Revenue | 25,432,000.00 | 38,823,000.00 |
Other Income | 1,095,000.00 | 3,402,000.00 |
Other Work Performed By Entity And Capitalised | 209,115,000.00 | 265,351,000.00 |
Cost Of Merchandise Sold | 24,911,000.00 | 40,002,000.00 |
Employee Benefits Expense | 828,528,000.00 | 1,010,353,000.00 |
Other Expense By Nature | 183,278,000.00 | 289,181,000.00 |
Profit Loss From Operating Activities | 283,050,000.00 | 355,841,000.00 |
Finance Income | 290,000.00 | 2,596,000.00 |
Finance Costs | 21,235,000.00 | 46,272,000.00 |
Profit Loss Before Tax | 262,105,000.00 | 312,165,000.00 |
Income Tax Expense Continuing Operations | 55,164,000.00 | 67,298,000.00 |
Profit (loss) | 206,941,000.00 | 244,866,000.00 |
Profit Loss Attributable To Owners Of Parent | 206,941,000.00 | 244,866,000.00 |
Line item in (sek) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|
Profit (loss) | N/A | 206,941,000.00 | 244,866,000.00 |
Adjustments For Decrease Increase In Inventories | N/A | 186,000.00 | -26,000.00 |
Adjustments For Decrease Increase In Other Operating Receivables | N/A | 15,898,000.00 | -22,068,000.00 |
Adjustments For Increase Decrease In Trade Account Payable | N/A | 9,368,000.00 | -2,611,000.00 |
Adjustments For Increase Decrease In Other Operating Payables | N/A | -17,454,000.00 | -6,629,000.00 |
Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | 610,000.00 | -278,000.00 |
Adjustments For Sharebased Payments | N/A | 682,000.00 | 685,000.00 |
Other Adjustments To Reconcile Profit Loss | N/A | -1,095,000.00 | -3,402,000.00 |
Interest Paid Classified As Operating Activities | N/A | 18,081,000.00 | 42,128,000.00 |
Interest Received Classified As Operating Activities | N/A | 291,000.00 | 2,596,000.00 |
Income Taxes Paid Refund Classified As Operating Activities | N/A | 54,703,000.00 | 72,012,000.00 |
Cash Flows From Used In Operating Activities | N/A | 488,019,000.00 | 563,369,000.00 |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 1,260,159,000.00 | 1,143,823,000.00 |
Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 18,572,000.00 | 17,957,000.00 |
Purchase Of Intangible Assets Classified As Investing Activities | N/A | 209,614,000.00 | 267,390,000.00 |
Cash Flows From Used In Investing Activities | N/A | -1,510,050,000.00 | -1,439,169,000.00 |
Proceeds From Issuing Shares | N/A | 920,000,000.00 | 833,800,000.00 |
Proceeds From Issuing Other Equity Instruments | N/A | 5,104,000.00 | 5,483,000.00 |
Proceeds From Borrowings Classified As Financing Activities | N/A | 508,650,000.00 | 1,326,598,000.00 |
Repayments Of Borrowings Classified As Financing Activities | N/A | 302,752,000.00 | 687,752,000.00 |
Payments Of Lease Liabilities Classified As Financing Activities | N/A | 44,367,000.00 | 51,062,000.00 |
Cash Flows From Used In Financing Activities | N/A | 1,017,835,000.00 | 1,344,535,000.00 |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | -4,196,000.00 | 468,735,000.00 |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -10,642,000.00 | 27,196,000.00 |
Cash and cash equivalents | 134,695,000.00 | 119,857,000.00 | 615,787,000.00 |
Please note that some sums might not add up.
Date | Trading entity / Person | Association | Trade type | Volume |
---|---|---|---|---|
07.06.23 | Kaj- Sandart | Other | Other | SEK 220,000.00 |
17.03.23 | Jan Friedman | Other | Buy | SEK 203,800.00 |
16.03.23 | Jan Friedman | Other | Buy | SEK 503,500.00 |
27.12.22 | Lars Stenlund | Other | Sell | SEK 79,600,000.00 |
05.12.22 | Jan Friedman | Other | Buy | SEK 207,800.00 |
05.12.22 | Jan Friedman | Other | Sell | SEK 207,140.00 |
10.11.22 | Kaj- Sandart | Other | Buy | SEK 196,500.00 |
24.10.22 | Jan Friedman | Other | Buy | SEK 310,992.00 |
08.03.22 | Kaj- Sandart | Other | Other | SEK 19,500.00 |
23.02.22 | Kaj- Sandart | Other | Other | SEK 18,750.00 |
SE0007871363
LEI5493005EB5RV1QHE6H94
SectorKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.