26 slides from Vitec Software Group Ab Class B's earnings presentation, Jul 11, 2025
Slide 1: Interim report January–June 2025
Interim report January–June 2025
Slide 2: Vitec Software Group
Vitec Software Group A leader in vertical software Sales by market 26,000 46 12 customers business units countries 3,638 88% 1,660 MSEK proforma employees proforma recurring net sales revenues
Slide 3: Diversification of sales
Diversification of sales Number of customers 26,000 Sales by market Breakdown of sales Breakdown of sales R12 June 2025 among customers among business units R12 June 2025 R12 June 2025
Slide 4: Responsible growth
Responsible growth Business model • Market leader • High percentage of recurring revenues Business units Acquire • Vertical • Established and profitable • Proprietary software • Recurring revenues Develop • Decentralized organization • Product investments • Organic growth
Slide 5: LDC Bidtheatre Taxiteknik
Figures as per acquisition date 2024 LDC Bidtheatre Taxiteknik Trinergy Olyslager Roidu Figlo Q1 Q2 Q3 Q4 Software for labor A Demand Side A complete business A business-critical The software is an A patient, customer Software for mobility in the Platform (DSP) for system, including software that in
Slide 6: Intergrip
Figures as per acquisition date 2025 Intergrip Q1 Software for the education system in the Netherlands. Intergrip’s platform supports the continuous learning line and monitors students’ transition to further education. Annual Recurring sales revenue MSEK 28 93% Registered office NL Employees 18
Slide 7: Sales per vertical
Sales per vertical R12 June 2025 Education Travel and Transport hospitality Auto repair Fast moving shops Organizations, consumer associations and goods golf courses Finance & Insurance Hair and beauty salons Pharmacies Property Waste management management Energy Labor mobility Trade and manufacturi
Slide 8: Our business units
Our business units Business unit Reg. Acq. Sales R12 June 2025, MSEK Recurring Business unit Reg. Acq. Sales R12 June 2025, MSEK Recurring office year Recurring share office year Recurring share 0 50 100 150 200 250 0 50 100 150 200 250 ABS NL 2022 54% Vitec HK data NO 2019 92% Olyslager NL 2024 100
Slide 9: Sharing knowledge
Sharing knowledge • Common culture • Sharing concept, forums for best practice sharing • Vertical clusters, opportunities across business units
Slide 10: Highlights
Highlights 2025 2024 Change, 2025 2024 Change, Apr-Jun Apr-Jun % Jan-Jun Jan-Jun % Net sales, MSEK 916 882 4% 1 796 1 598 12% Recurring share of net sales, % 89% 88% 89% 87% EBITA, MSEK 236 264 -11% 456 484 -6% EBITA margin, % 26% 30% 25% 30% Operating profit, MSEK 176 196 -10% 330 349 -6% Operating
Slide 11: Cash flow
Cash flow 2025 2024 2025 2024 SEK million Apr-Jun Apr-Jun Change Jan-Jun Jan-Jun Change Operating profit 176 196 330 349 Adjustments for non-cash items 152 132 306 259 Interest and tax -53 -55 -120 -119 Cash flow from operating activities before 275 273 2 516 489 27 changes in working capital Change
Slide 12: Net sales
Net sales MSEK proforma net sales Net sales by year Net sales by quarter 3,638 CAGR 21.1% SEK 3,334 million (2,778), an increase of 20% SEK 916 million (882), an increase of 4%
Slide 13: EBITA
EBITA EBITA margin YTD EBITA and EBITA margin by year EBITA and EBITA margin by quarter 25% CAGR 27.0% SEK 1,002 million (876), an increase of 14% SEK 236 million (264), a decrease of 11%
Slide 14: Cash EBIT – internal operating KPI
Cash EBIT – internal operating KPI 2025 2024 2025 2024 SEK million Apr-Jun Apr-Jun Change, % Jan-Jun Jan-Jun Change, % Operating profit 176 196 -10% 330 349 -6% Operating margin, % 19% 22% 18% 22% Capitalized development costs -106 -95 -211 -193 Amortization of intangible fixed assets 69 41 135 80 A
Slide 15: Allocation of recurring revenues
Allocation of recurring revenues Transaction-based revenues Subscription-based revenues
Slide 16: Growth
Growth Acquired annual revenue Organic growth, proforma
Slide 17: Organic growth annual net sales
Organic growth annual net sales
Slide 18: Invest in Vitec
Invest in Vitec Umeå Vertical market software In brief April–June 2025 leader • Stable underlying • Net sales SEK 916 million (+4%) 40-year track record of sustainable performance from our • Recurring revenues SEK 813 million (+5%) profit growth driven by recurring business units but nothing • EBITA
Slide 19: Appendix
Appendix
Slide 20: Consolidated statement of profit/loss
Consolidated statement of profit/loss
Slide 21: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income
Slide 22: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position
Slide 23: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow
Slide 24: Strategy chain
Strategy chain Brand Business Values promise concept Objective Vision • Our products – To rely on To contribute to the To be a profitable Shaping a wiser our foundation - today and success of our custo- and sustainable and more • Keep it simple tomorrow mers by developing growth company sustainable
Slide 25: Organization
Organization Group Management Business units CEO, CFO, CIO/CTO, COO, Development, Sales, Marketing, Brand, HR, M&A and VPO etcetera
Slide 26: MBVITCC
MBVITCC vertical software