Added to YB: 2026-05-06
Pitch date: 2026-05-03
VIT-B.ST [neutral]
Vitec Software Group AB (publ)
+2.04%
current return
Author Info
Fjord Alpha shares deep dives on Northern European mid-caps targeting 20%+ CAGR. Private investor with Nordic roots. 25 years in-market. Independent and long-term, looking for non-consensus ideas the market is not pricing. Sign up for the newsletter.
Company Info
Vitec Software Group AB (publ) develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.
Market Cap
SEK 10.6B
Pitch Price
SEK 254.80
Price Target
N/A
Dividend
1.47%
EV/EBITDA
11.87
P/E
22.07
EV/Sales
3.66
Sector
Software
Category
growth
Vitec Software Group Q1-26: Steady hands, expanding margins, and the AI advantage
VIT-B.ST (earnings): Q1 EBITA +11% to SEK244M (26% margin), Cash EBIT +11% to SEK197M (21% margin) on strict cost control & efficiency gains w/o organic headcount growth. Subscription rev +6% organic (50/50 price/volume), transaction rev beat est 20% on Enova gas spike. Legacy code + vertical focus = AI advantage vs disruption risk. 80% cash conversion, SEK700M bond. Trading below 20%+ CAGR target, gradual accumulation zone.
Read full article (4 min)