30 slides from Vitec Software Group Ab Class B's earnings presentation, Apr 23, 2026
Slide 1: Summary of interim period, January–March 2026
Summary of interim period, January–March 2026 • Net sales SEK 955 million (880), an increase of 9% • Recurring revenues SEK 839 million (786), an increase of 7% • EBITA SEK 244 million (220), an increase of 11% • EBITA margin 26% (25) • Operating profit SEK 173 million (153), an increase of 13% • Op
Slide 2: The year has started with growth and margin expansion
MESSAGE FROM THE CEO The year has started with growth and margin expansion Following the first quarter, I can conclude that we are back for SEK 177 million. Other revenue increased to SEK 21 million to delivering improved profit margins for both EBITA and compared with SEK 8 million, reflecting the
Slide 3: A leader in vertical software
THIS IS VITEC A leader in vertical software Vitec is a leading provider in vertical software, with its origin Vitec consists of 49 business units with operations in thirteen and headquarters in Umeå, Sweden. We develop and deliver countries and customers in over 50 countries worldwide. The standardi
Slide 4: Values, Brand promise, Business concept, Mission, Vision
Values Brand promise Business concept Mission Vision Our products – our foundation To rely on To contribute to the success of To be a profitable and Shaping a wiser and more Keep it simple – today and tomorrow our customers by developing and sustainable growth company sustainable future Trust and tr
Slide 5: Group financial information
Sales by quarter Group financial information MSEK 1000 Net sales and earnings Cash EBIT is operating profit excluding capitalized 800 January–March 2026 | Revenues development expenditures, and amortization of intangible Net sales for the period totaled SEK 955.1 million (879.8) assets. Cash EBIT in
Slide 6: Allocation of recurring revenues
Allocation of MSEK Growth, quarterly reported net sales recurring revenues 800 700 The graph shows our growth in sales organically and Subscription-based revenues 600 through acquisitions by quarter over the past four years, 500 as well as currency effects. Growth is presented compared Transaction-b
Slide 7: Proforma revenues and growth
Net sales and earnings 2026 2025 Change 2026 2025 Change Jan–Mar Jan–Mar R12 Mar Jan–Dec Net sales, SEK million 955 880 9% 3,709 3,633 2% Recurring share of net sales, % 88% 89% 88% 88% EBITA, SEK million 244 220 11% 984 959 3% EBITA margin, % 26% 25% 27% 26% Cash EBIT, SEK million 197 178 11% 835 8
Slide 8: Sales broken down by business unit and customer
Sales broken down by business unit and customer 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
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: Sustainability 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 ABS Laundry The global laundry and textile rental industry. NL 2022 233 56% Vitec Hotelinx Hotels and tourism in Finland. FI 2022 24 83% Business Solutions Vitec Infometric Property management industry in Sweden. SE 2026 141 43% Enova Greenhouse, industry and players in renewable
Slide 12: Balance sheets and cash flow
Balance sheets and cash flow Liquidity and financial position Cash flow and investments Shareholders’ equity The Group’s cash and cash equivalents at the end of the On February 10, 2025, Vitec entered into a new loan Equity attributable to Vitec’s shareholders totaled SEK 5,046.5 period totaled SEK
Slide 13: Growth by acquisition
Growth by acquisition Acquisitions during the period Acquisition Infometric AB Two acquisitions were completed during the quarter: Autonet On February 2, 80 percent of shares were acquired in the B.V. and Infometric AB. From the acquisition date through Swedish software company Infometric. In the co
Slide 14: Other significant events during the period
Other significant events during the period Notice of Annual General Meeting The shareholders in Vitec Software Group (publ), corp. reg. no. 556258-4804 are hereby given notice of the Annual General Meeting to be held on April 28, 2026, at 5:30 p.m. at Clarion Hotel, Storgatan 36 in Umeå Sweden. Entr
Slide 15: Accounting and measurement policies
Accounting and measurement policies This interim report has been prepared in accordance with IAS Incentive program Non-current securities are measured at fair value through 34 Interim Financial Reporting. The consolidated financial profit or loss. Purchases and sales of non-current unlisted There ar
Slide 16: Parent Company, Signature, Risks and uncertainties
Parent Company Signature Operating revenues totaled SEK 53.0 million (51.9) and essentially comprised invoicing to subsidiaries for services rendered. Profit after tax amounted to SEK -16.4 million Umeå, April 23, 2026 (116.1). The lines Other operating revenues and Other Olle Backman operating expe
Slide 17: Consolidated statement of profit/loss and comprehensive income
Consolidated statement of profit/loss Consolidated statement of comprehensive income 2026 2025 2026 2025 2026 2025 2026 2025 SEK thousand Jan–Mar Jan–Mar R12 Mar Jan–Dec SEK thousand Jan–Mar Jan–Mar R12 Mar Jan–Dec Recurring revenues 839,341 786,200 3,257,601 3,204,460 License revenues 9,250 7,814 3
Slide 18: Consolidated statement of financial position
Consolidated statement of financial position March 31, March 31, December 31, March 31, March 31, December 31, SEK thousand 2026 2025 2025 SEK thousand 2026 2025 2025 ASSETS SHAREHOLDERS’ EQUITY AND LIABILITIES Non-current assets Shareholders’ equity Goodwill 6,138,671 5,118,172 5,261,117 Share capi
Slide 19: Condensed consolidated statement of changes in equity
Condensed consolidated statement of changes in equity 2026 2025 2025 SEK thousand Jan–Mar Jan–Mar Jan–Dec EQUITY ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS Opening balance 4,843,923 4,907,752 4,907,752 Debenture conversion - 15,998 15,875 Long-term incentive program 9,679 7,675 27,821 Repurchase of
Slide 20: Consolidated statement of cash flow
Consolidated statement of cash flow 2026 2025 2026 2025 2026 2025 2026 2025 SEK thousand Jan–Mar Jan–Mar R12 Mar Jan–Dec SEK thousand Jan–Mar Jan–Mar R12 Mar Jan–Dec OPERATING ACTIVITIES FINANCING ACTIVITIES Operating profit 173,313 153,459 731,888 712,034 Dividends to Parent Company shareholders -3
Slide 21: Statement of profit/loss, Parent Company
Statement of profit/loss, Parent Company Statement of comprehensive income, Parent Company 2026 2025 R12 Mar 2025 2026 2025 R12 Mar 2025 SEK thousand Jan–Mar Jan–Mar 2026 Jan–Dec SEK thousand Jan–Mar Jan–Mar 2026 Jan–Dec OPERATING INCOME: PROFIT FOR THE YEAR -16,366 116,100 173,663 306,129 Net sales
Slide 22: Condensed balance sheet, Parent Company
Condensed balance sheet, Parent Company March 31, March 31, December SEK thousand 2026 2025 31, 2025 ASSETS FIXED ASSETS Intangible fixed assets 3,211 4,238 3,517 Tangible property, plant and equipment 14,905 13,880 15,221 Financial assets 10,529,920 9,140 942 9,491,584 TOTAL FIXED ASSETS 10,548,036
Slide 23: Disclosures to the consolidated statement of profit/loss
Disclosures to the consolidated statement of profit/loss Allocation of revenues and date of revenue recognition 2026 2025 2026 2025 Allocation of revenues and date of revenue recognition, SEK million Jan–Mar Jan–Mar R12 Mar Jan–Dec Subscription-based recurring revenues 662.5 612.9 2,580.1 2,530.5 Tr
Slide 24: Disclosures to the consolidated statement of financial position
Disclosures to the consolidated statement of financial position Financial instruments tables Recurring measurements at fair value, at March 31, 2026, SEK thousands Level 1 Level 2 Level 3 Book value Non-current securities 43,002 43,002 Total assets 43,002 43,002 Supplementary contingent consideratio
Slide 25: Acquired assets and liabilities 2026
Acquired assets and Acquired assets and liabilities, liabilities 2026 remeasurements of previous years’ Two acquisitions were completed during the period: Autonet acquisitions within 12 months B.V. and Infometric AB. At the beginning of the period, the acquisition plans for Some items in the acquisi
Slide 26: 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 27: Non-IFRS key indicators, definition and 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 mea
Slide 28: Key indicators
Key indicators 2026 Jan–Mar 2025 Jan–Mar 2026 R12 March 2025 Jan–Dec Net sales (SEK thousand) 955,115 879,787 3,708,811 3,633,483 Recurring revenues (SEK thousand) 839,341 786,200 3,257,601 3,204,460 Recurring share of net sales (%) 88% 89% 88% 88% Growth net sales (%) 9% 23% N/A 9% EBITA (SEK thous
Slide 29: Diagrams, annually reported
Diagrams, annually reported EBITA and EBITA margin MSEK 1200 % 35 1000 30 Sales MSEK 25 4000 800 3500 20 600 3000 15 2500 400 10 2000 200 5 1500 1000 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 500 Cash EBIT and MSEK % 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Cash EBIT m
Slide 30: Shareholder information
Shareholder information Publication Contact persons Financial calendar This information is such information that Vitec Software Group AB (publ.) is required Annual General Meeting Apr 28, 2026 5:30 p.m. (CEST) to disclose pursuant to the EU Market Abuse Olle Backman Regulation. The information was s