Vitec Software Group B Logo

Vitec Software Group B

ISIN: SE0007871363 | Ticker: VIT | LEI: 5493005EB5RV1QHE6H94
Country: Sweden

About Vitec Software Group B

Company Description

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.

Year founded

1985

Served area

Worldwide

Headquarters

Tvistevägen 47A, 90729 Umeå – Sweden

Financial statements

Download as Excel
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.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
02.02.24 Olle Backman Other Buy SEK 124,890.00
02.02.24 Gert Gustafsson Other Buy SEK 98,826.00
08.12.23 Gert Gustafsson Other Sell SEK 3,213,000.00
25.10.23 Gert Ulf Patrik Gustafsson Other Buy SEK 98,670.00
20.10.23 Gert Ulf Patrik Gustafsson Other Other SEK 99,900.00
19.10.23 Sara Nilsson Other Other SEK 99,900.00
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

Capital markets information

ISIN

SE0007871363

LEI

5493005EB5RV1QHE6H94

Sector

Information Technology

Industry Group

Software & Services

Industry

Software

Sub-Industry

Application Software

Listed Stock Exchange

Nasdaq Stockholm

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