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Vitec Software Group
Vitec Software Group (VIT) investor relations material
Vitec Software Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary6 Feb, 2026
Executive summary
Net sales for 2025 rose 9% to SEK 3,633 million, with 88% from recurring revenues and 26,500 customers served across 49 business units in 13 countries.
Operating profit increased 2% to SEK 712 million, while EBITA declined 4% to SEK 959 million; EPS before dilution rose 2% to SEK 10.96.
Four major acquisitions completed around year-end, including NMG (Poland), Autonet (Netherlands/Belgium), and Infometric (Sweden), expanding presence and diversifying risk.
Maintains a decentralized structure fostering knowledge sharing, innovation, and resilience to market fluctuations.
Strong cash conversion and four consecutive quarters of expanding cash EBIT margins.
Financial highlights
Q4 2025 net sales reached SEK 983 million, up 6% year-over-year, with recurring revenues up 8% to SEK 831 million.
Full-year recurring revenues grew 11% to SEK 3,204 million, with subscription-based revenues maintaining 90%+ gross margin.
Q4 operating profit rose 16% to SEK 206 million; Q4 net profit increased 40% to SEK 135 million, with EPS at SEK 3.41.
Cash flow from operating activities for the year was SEK 1,110 million, up from SEK 949 million in 2024, with 85% cash conversion to EBIT.
Currency headwinds impacted sales and profits, with a 2% negative effect for the year and 3% for the quarter.
Outlook and guidance
Recurring revenue growth expected to be 1% lower than last year due to pricing index changes; churn remains around 1%.
Organic recurring revenue growth for Q1 2026 anticipated at 2%-3%, down from 3%-4% last year.
Management targets gradual margin improvement, aiming for at least 20% EBIT margin over time.
Board proposes a 2% dividend increase to SEK 3.68 per share, marking 24 consecutive years of dividend growth.
Financial readiness for further acquisitions remains strong, with unused credit facilities and solid cash flow.
Impact of NMG's low recurring share on margins?
Plan to restore EBITA margin to prior levels?
Update on 2030 climate and gender targets?
Elaborate on earn-out reversal as M&A proof point
How to mitigate AI-driven seat compression risk?
Detail plans to improve 2026 operating margins
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Next Vitec Software Group earnings date
Q1 202623 Apr, 2026
Vitec Software Group
Next Vitec Software Group earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
Providing niche software solutions
Vitec is a Swedish company focusing on providing niche software solutions for their clients through their extensive network of subsidiaries. The company is listed on the Stockholm stock exchange and primarily relies on subscription based revenue, and does a big part of through strategic acquisitions and mergers.
Growing through M&A
Vitec has a history of strategic mergers and acquisitions that have strengthened their position in the industry. Through these ventures, they have expanded their product portfolio, enhanced their technological capabilities, and gained access to new markets. Some notable acquisitions by Vitec include SmallHD, a leading manufacturer of high-definition on-camera field monitors; Autocue, a provider of teleprompting solutions; and Teradek, a pioneer in wireless video transmission systems.
Revenue through a SaaS-subscriptions
The vast majority of the programs and services that Vitec provides for their customers are distributed through a subscription model. These can be purchased online, and as previously mentioned it allows customers and users to customize their subscription based on their individual needs and preferences. It also allows customers to try out the base models of each service as a starting point, before they can move on to more comprehensive programs if they so choose.
Reaching several markets through diverse subsidiaries
Vitec might be founded, listed, and headquartered in Sweden, but through acquisitions of companies in different countries have been able to expand outside of their home country’s borders. Today, the company does a bulk of their business in Europe through subsidiaries in countries such as the Netherlands, several Nordic countries, Switzerland, and others. Vitec also has a presence in Japan through a subsidiary operating a software system for commercial laundry services. The company also has activities in the US. However, it is worth noting that their scale of operations in Asia and North America pales in comparison to their presence in Europe. Some companies working in the same market segment are companies such as Belden, Emerson, and Schneider Electric.
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