34 slides from Vitec Software Group Ab Class B's earnings presentation, Jul 14, 2026
Slide 1: Interim report January–June 2026
Summary of interim period, April–June 2026 • Net sales SEKm 935 (815), an increase of 15% • Recurring revenue SEKm 801 (713), an increase of 12% • EBITA SEKm 271 (236), an increase of 15% • EBITA margin 29% (29) • Operating profit SEKm 206 (176), an increase of 17% • Operating margin 22% (22) • Cash
Slide 2: Signals of a stronger market, with continued cost control
COMMENTS FROM THE CEO Signals of a stronger market, with continued cost control Starting this quarter, we are reporting parts of our order pipeline, although the effect has not yet been fully transaction-based revenue as agent, something we have reflected in revenue. At the same time, the picture is
Slide 3: A leading provider
THIS IS VITEC A leading provider Vitec is a leading provider of Vertical Software, with its origin and headquarters in Umeå, Sweden. We develop and deliver standardized software that supports central functions in 27,500 customers 1,870 employees society. Our solutions are used in a variety of indust
Slide 4: Our vision: Shaping a wiser and more sustainable future
Our vision: Shaping a wiser and more sustainable future Values Brand promise Business concept Mission Our products – our foundation To rely on To contribute to the success of our To be a profitable and Keep it simple – today and tomorrow customers by developing and providing sustainable growth compa
Slide 5: Group financial information
Sales by quarter Group financial information SEKm 1000 Net sales and earnings Comments on earnings 800 April–June 2026 | Revenue Cash EBIT is operating profit excluding capitalized Net sales for the period totaled SEK 935.0 million (815.0) and development costs, and amortization of intangible assets
Slide 6: Allocation of recurring revenue
Allocation of SEKm Growth, quarterly reported net sales recurring revenue 700 600 The graph shows our growth in sales organically and Subscription-based revenue 500 through acquisitions by quarter over the past four years, as well as currency effects. Growth is presented compared Transaction-based 4
Slide 7: Pro forma revenue and growth
Net sales and earnings 2026 2025 2026 2025 2026 2025 Apr–Jun Apr–Jun Change Jan–Jun Jan–Jun Change R12 Jun Jan–Dec Change Net sales, SEKm 935 815 15% 1,816 1,618 12% 3,525 3,327 6% Recurring share of net sales, % 86% 87% 86% 88% 86% 87% EBITA, SEKm 271 236 15% 515 456 13% 1,019 959 6% EBITA margin,
Slide 8: Sales by business unit and customer segment
Sales by business unit and customer segment Vitec is an agile and decentralized organization, in which every business unit is responsible for its own market and customers. This enables decision-making close to the customer, often in collaboration with them, and with the involvement of employees with
Slide 9: Sustainability in the business model
Sustainability in the business model At Vitec, sustainability is a fundamental factor for our Below is a summary of sustainability targets. They are success. Our approach is grounded in environmental, social, described in greater detail in the 2025 Annual Report. and economic considerations. Vitec's
Slide 10: Focus areas and annual process
Focus areas and annual process Environmental Social Governance Reduced footprint Empowered people Enabling products Responsible growth Environmental and climate impact Employees Products that Local presence with permeate all decisions who grow with the business make a difference in society internati
Slide 11: Our business units
Our business units Vitec Fastighet Property management industry in Sweden. SE 1985 281 85% Vitec Nordman Food and grocery retail industry in Sweden SE 2021 21 93% Vitec Energy Electricity traders and owners of electricity and district SE 1998 61 92% Vitec Pyramid ERP Retail trade and manufacturing i
Slide 12: Balance sheets and cash flow
Balance sheets and cash flow Liquidity and financial position Cash flow and investments 5,073.7 million (4,753.8). The equity/assets ratio is 44% (48). On April 28, 2026, the Annual General Meeting resolved to pay The Group’s cash and cash equivalents at the end of the On February 10, 2025, Vitec en
Slide 13: Growth by acquisition
Growth by acquisition value of maximum outcome. The portion of the purchase Acquisitions during the period Acquired annual sales consideration that is not contingent and has been recognized Two acquisitions were completed during the first half of the as a liability amounts to SEK 19.7 million. SEKm
Slide 14: Other significant events during the period
Other significant events during the period Announcement from the The AGM also resolved to introduce a new program period for the long-term share savings plan for current and future Annual General Meeting employees of the Group and for the long-term, performance- The Annual General Meeting of Vitec S
Slide 15: Accounting and measurement policies
Accounting and measurement policies This interim report has been prepared in accordance with IAS monitors the sales and earnings of the operation based on the All of the company’s financial instruments that are subject to 34 Interim Financial Reporting. The consolidated financial total consolidated
Slide 16: Parent Company, Risks and uncertainties, Signature
Parent Company Signature Sales totaled SEK 109.3 million (103.9) and essentially comprised invoicing to subsidiaries for services rendered. Affirmation of the Board of Directors Profit after tax amounted to SEK −31.9 million (46.0). The The Board of Directors and the CEO hereby certify that this lin
Slide 17: Consolidated statement of profit/loss
Consolidated statement of profit/loss 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec Recurring revenue 801,360 712,653 1,566,391 1,421,777 3,042,466 2,897,852 License revenue 6,353 6,407 15,603 14,221 36,075 34,693 Service revenue 99,421 83,726 184,525 161,515 369
Slide 18: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec PROFIT FOR THE YEAR 118,040 104,908 216,728 188,011 464,081 435,364 OTHER COMPREHENSIVE INCOME Items that may be restated in profit or loss Restatement of net investments
Slide 19: Consolidated statement of financial position
Consolidated statement of financial position June 30, June 30, December 31, June 30, June 30, December 31, SEKk 2026 2025 2025 SEKk 2026 2025 2025 ASSETS SHAREHOLDERS’ EQUITY AND LIABILITIES Non-current assets Shareholders’ equity Goodwill 6,135,058 5,229,734 5,261,117 Share capital 3,989 3,987 3,98
Slide 20: Condensed consolidated statement of changes in equity
Condensed consolidated statement of changes in equity 2026 2025 2026 2025 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun Jan–Dec EQUITY ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS Opening balance 5,046,468 4,667,176 4,843,923 4,907,752 4,907,752 Debenture conversion - −122 - 15,876 15,875 Long-term incen
Slide 21: Consolidated statement of cash flows
Consolidated statement of cash flows 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec OPERATING ACTIVITIES Operating profit 205,682 176,071 378,995 329,530 761,498 712,034 Adjustments for non-cash items Other operating revenue −19,485 −1,600 −19,485 −24,217 −185,118
Slide 22: Consolidated statement of cash flows, continued
Consolidated statement of cash flows, continued 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec FINANCING ACTIVITIES Dividends to Parent Company shareholders −36,413 −35,792 −72,034 −65,558 −143,510 −137,034 Borrowings 621,087 130,000 2,000,151 2,410,326 3,080,151
Slide 23: Statement of profit/loss, Parent Company
Statement of profit/loss, Parent Company 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec OPERATING INCOME: Net sales 56,333 52,403 109,310 103,884 218,570 213,144 Other operating revenue 490,183 178,037 870,884 578,779 1,184,784 892,679 OPERATING EXPENSES: Other ex
Slide 24: Statement of comprehensive income, Parent Company
Statement of comprehensive income, Parent Company 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec PROFIT FOR THE YEAR −15,538 −70,085 −31,905 46,015 228,210 306,129 OTHER COMPREHENSIVE INCOME Interest rate swap derivatives −6,121 - −1,502 - −5,039 −3,537 TOTAL OTHE
Slide 25: Condensed balance sheet, Parent Company
Condensed balance sheet, Parent Company June 30, June 30, December SEKk 2026 2025 31, 2025 ASSETS NON-CURRENT ASSETS Intangible assets 2,909 4,145 3,517 Property, plant and equipment 14,601 15,929 15,221 Financial assets 10,452,738 9,159,752 9,491,584 TOTAL NON-CURRENT ASSETS 8,546,198 9,179,826 9,5
Slide 26: Disclosures to the consolidated statement of profit/loss
Disclosures to the consolidated statement of profit/loss EBITA 2026 2025 2026 2025 2026 2025 SEKk Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec Operating profit 205,682 176,071 378,995 329,531 761,498 712,034 Acquisition-related amortization 64,841 59,726 127,953 123,182 245,930 241,159 Acquisitio
Slide 27: Disclosures to the consolidated statement of profit/loss
Disclosures to the consolidated statement of profit/loss Allocation of revenue and date of revenue recognition 2026 2025 2026 2025 2026 2025 Allocation of revenue and date of revenue recognition, SEKm Apr–Jun Apr–Jun Jan–Jun Jan–Jun R12 Jun Jan–Dec Subscription-based recurring revenue 680.9 613.1 1,
Slide 28: Disclosures to consolidated statement of financial position
Disclosures to consolidated statement of financial position Financial instruments — tables Recurring measurements at fair value, at June 30, 2026, SEKk Level 1 Level 2 Level 3 Carrying amount Non-current securities 39,401 39,401 Total assets 39,401 39,401 Supplementary contingent considerations as w
Slide 29: Acquired assets and liabilities 2026
Acquired assets and liabilities 2026 Acquired assets and liabilities, remeasurements of previous years’ Two acquisitions were completed during the first half of the year: Autonet B.V. and Infometric AB. acquisitions within 12 months Some items in the acquisition plans may be remeasured, due At the b
Slide 30: Definitions of performance indicators
Definitions of performance indicators This interim report refers to several financial measurements that are not defined under IFRS, known as alternative performance measures, in accordance with ESMA’s guidelines. These measurements provide senior management and investors with significant information
Slide 31: Non-IFRS key indicators definition usage
NON-IFRS KEY INDICATORS DEFINITION USAGE Profit margin Profit after tax for the period, in relation to net sales. Used to monitor the Group’s earnings trend. Equity/assets ratio Shareholders' equity, including equity attributable to non-controlling interests, as a percentage of total assets. This me
Slide 32: Key indicators
Key indicators 2026 Jan–Jun 2025 Jan–Jun 2026 R12 Jun 2025 Jan–Dec Net sales (SEKk) 1,815,799 1,617,755 3,524,919 3,326,875 Recurring revenue (SEKk) 1,566,391 1,421,777 3,042,466 2,897,852 Recurring share of net sales (%) 86% 88% 86% 87% Growth net sales (%) 12% 13% N/A 11% EBITA (SEKk) 515,272 455,
Slide 33: Diagrams, annually reported
Diagrams, annually reported EBITA and EBITA margin SEKm 1200 % 35 1000 30 Sales SEKm 25 4000 800 3500 20 600 3000 15 2500 400 10 2000 200 5 1500 0 0 1000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Cash EBIT and SEKm % 500 900 Cash EBIT margin 30 0 800 2016 2017 2018 2019 2020 2021 2022 20
Slide 34: Shareholder information
Shareholder information Publication This information is such information that Vitec Software Group AB (publ.) is required to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact per