Vitec Software Group AB (publ) (VIT_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and very welcome to this Q1 2025 presentation for VTech. I am Olle Backman, the CEO, and you will have to do with me because Patrick is not available at the moment. But as always, I would like to start with a general presentation of the group and starting with the big pictures here. Customer perspective, we always start with that. We have nearly 26,000 customers that we serve all business to business. We do that out of today, 46 different business units, business unit, basically a company. We have our feet on the ground in 12 countries, but we actually have sales in over 50 countries today, all in all. But you should also remember that most of our business units are a very domestic business or regional at best. Proforma sales, which is a bit of a guidance since we do lots of acquisitions, is up to 3.7 billion Swedish after Q1. 88% of that was Proforma recurring revenues and to my assistance I have nearly 1,660 colleagues. You can see the sales distribution there by market. It's quite evenly distributed between the origin of E-Tech from the Nordic countries and then spreading further out into Europe with our footprint in the Benelux area. Our strategy chain, which we work with throughout the group, it's always based on our values. That is the products of the foundation. It's very important to remember that we are a product-based company. We like to keep things simple. That's more to do with efficiency and how can we improve? How can we make this in a more efficient way? So it's a mindset. And then, of course, trust and transparency that works best. towards our customers, towards the society as a whole, and always, of course, internally, because it's a great value for us to be able to share knowledge between the different business units. Then we work further ...