Vitec Software Group Ab Class B · OMXSTO:VIT_B
Vitec Software Group Ab Class B — Q3 2026 Earnings Presentation
34 slides from Vitec Software Group Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Interim report January–September 2026 summary
Summary of interim period, July–September 2026 • Net sales SEKm 909 (791), an increase of 15% • Recurring revenue SEKm 801 (710), an increase of 13% • EBITA SEKm 272 (235), an increase of 15% • EBITA margin 30% (30) • Operating profit SEKm 205 (176), an increase of 16% • Operating margin 23% (22) •
Slide 2: Comments from the CEO: Stable performance and increased activity
COMMENTS FROM THE CEO Stable performance and increased activity Earnings and cash flow in line with expectations The third-quarter results were in line with our expectations, with 1.67x at the corresponding point last year primarily the most acquisitions, but to make the right acquisitions: with a s
Slide 3: This is Vitec: 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 28,000 1,870 standardized software that supports central functions in customers 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 Profit after tax amounted to SEK 118.9 million (112.2). Basic 800 July–September 2026 | Revenues earnings per share totaled SEK 3.00 (2.82). Net sales for the period totaled SEK 908.8 million (791.5) and 600 Comments on ea
Slide 6: Allocation of recurring revenue and growth
Allocation of Growth, quarterly reported net sales SEKm recurring revenue 800 2023 2024 2025 2026 700 The graph shows our growth in sales organically and Subscription-based revenue through acquisitions by quarter over the past four years, 600 as well as currency effects. Growth is presented compared
Slide 7: Pro forma revenue and growth
Net sales and earnings 2026 2025 2026 2025 2026 2025 Jul-Sep Jul-Sep Change Jan–Sep Jan–Sep Change R12 Sep Jan–Dec Change Net sales, SEKm 909 791 15% 2,725 2,409 13% 3,642 3,327 9% Recurring share of net sales, % 88% 90% 87% 88% 86% 87% EBITA, SEKm 272 235 15% 787 691 14% 1,055 959 10% 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 285 84% 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 63 91% 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 Shareholders’ equity The Group’s cash and cash equivalents at the end of the Vitec has a loan agreement regarding a revolving credit facility Equity attributable to Vitec’s shareholders totaled SEK 5,351.5 period
Slide 13: Growth by acquisition
Growth by acquisition improvements and EBIT improvements over the next several Acquisitions during the period Acquired annual sales years. Contingent considerations are valued at discounted Two acquisitions were completed in 2026: Autonet B.V. and value of maximum outcome. The portion of the purchas
Slide 14: Significant events after the period
Significant events after the period Vitec makes a bolt-on acquisition of At the time of this report’s publication, there were no software company ZMartek Oy financial statements available that could serve as the basis Vitec Software Group AB (publ) strengthened its position of a more detailed descri
Slide 15: Accounting and measurement policies, Parent Company
Accounting and measurement policies This interim report has been prepared in accordance with IAS matching shares. The value of the matching shares is Financial liabilities related to commitments to acquire shares 34 Interim Financial Reporting. The consolidated financial recognized as share-based re
Slide 16: Risks and uncertainties; Auditor's review report
Risks and Auditor’s review report uncertainties Material risks and uncertainties are described in the Introduction Conclusions administration report of the 2025 Annual Report under We have conducted a review of the condensed interim Based on our review, nothing has come to our attention that “Risks
Slide 17: Consolidated statement of profit/loss
Consolidated statement of profit/loss 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec Recurring revenue 800,747 709,884 2,367,138 2,131,662 3,133,328 2,897,852 License revenue 9,193 9,584 24,797 23,805 35,685 34,693 Service revenue 79,212 62,073 263,737 223,588 386
Slide 18: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec PROFIT FOR THE YEAR 118,945 112,154 335,674 300,164 470,874 435,364 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 SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 SHAREHOLDERS’ EQUITY AND LIABILITIES ASSETS Shareholders’ equity Non-current assets Share capital 3,989 3,988 3,989 Goodwill 6,243,729 5,182,499 5,261,117 Other capita
Slide 20: Condensed consolidated statement of changes in equity
Condensed consolidated statement of changes in equity 2026 2025 2026 2025 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep Jan–Dec EQUITY ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS Opening balance 5,070,835 4,753,795 4,843,923 4,907,752 4,907,752 Debenture conversion - - - 15,876 15,875 Long-term incentiv
Slide 21: Consolidated statement of cash flows
Consolidated statement of cash flows 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec OPERATING ACTIVITIES Operating profit 204,833 176,295 583,827 505,825 790,036 712,034 Adjustments for non-cash items Other operating revenue - - –19,486 –24,217 –185,119 –189,850 G
Slide 22: Consolidated statement of cash flows, continued
Consolidated statement of cash flows, continued 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec FINANCING ACTIVITIES Dividends to Parent Company shareholders –36,438 –35,756 –108,472 –101,314 –144,192 –137,034 Borrowings 1,050,000 - 3,050,151 2,410,326 4,130,151 3,
Slide 23: Statement of profit/loss, Parent Company
Statement of profit/loss, Parent Company 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec OPERATING INCOME: Net sales 57,757 52,056 167,067 155,972 224,239 213,144 Other operating revenue 304,438 85,690 1,175,322 664,437 1,403,564 892,679 OPERATING EXPENSES: Other e
Slide 24: Statement of comprehensive income, Parent Company
Statement of comprehensive income, Parent Company 2026 2025 2026 2025 2026 2025 SEKk Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec PROFIT FOR THE YEAR –34,733 –6,599 –66,637 39,416 200,076 306,129 OTHER COMPREHENSIVE INCOME Interest rate swap derivatives –1,571 –4,964 69 –4,964 1,496 –3,537 TOTAL
Slide 25: Condensed balance sheet, Parent Company
Condensed balance sheet, Parent Company SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 ASSETS NON-CURRENT ASSETS Intangible assets 2,609 3,829 3,517 Property, plant and equipment 14,239 15,577 15,221 Financial assets 8,528,230 7,498,339 9,491,584 TOTAL NON-CURRENT ASSETS 8,545,078 7,517,745 9,510,322 C
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 Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec Operating profit 204,832 176,295 583,827 505,825 790,037 712,034 Acquisition-related amortization 63,895 59,014 191,849 182,196 250,812 241,159 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 Jul-Sep Jul-Sep Jan–Sep Jan–Sep R12 Sep Jan–Dec Subscription-based recurring revenue 692.5 622.1 2,
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 September 30, 2026, SEKk Carrying Level 1 Level 2 Level 3 amount Non-current securities 39,401 39,401 Total assets 39,401 39,401 Supplementary contingent considerations
Slide 29: Acquired assets and liabilities 2026
Acquired assets and lia- Acquired assets and liabilities, bilities 2026 remeasurements of previous years’ Two acquisitions were completed through the third quarter: acquisitions within 12 months Autonet B.V. and Infometric AB. At the beginning of the period, the acquisition plans for Some items in t
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 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 me
Slide 32: Key indicators
Key indicators 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Net sales (SEKk) 2,724,579 2,409,254 3,642,200 3,326,875 Recurring revenue (SEKk) 2,367,138 2,131,661 3,133,329 2,897,852 Recurring share of net sales (%) 87% 88% 86% 87% Growth net sales (%) 13% 13% N/A 11% EBITA (SEKk) 786,833 690,
Slide 33: Diagrams, annually reported
Diagrams, annually reported EBITA and EBITA margin SEKm 1200 % 35 1000 30 Sales SEKm 4000 25 800 3500 20 3000 600 15 2500 400 2000 10 1500 200 5 1000 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 500 Cash EBIT and SEKm % 0 900 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Cash EB
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. The information was submitted for publication, through the agency of the contact person set out below, at 8:00 a.m. (CET)