Vitec Software Group AB (publ) (VIT_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this conference call. I'm Patrik Fransson, Head of Investor Relations at Vitek Software Group. And with me in the room is our CEO, Olle Backman. As always, we will first give you a short overview of Vitek and then follow by comments on the report released early this morning. And after that, we will open up for any questions. So, Olle. Okay, thank you, Patrick. And again, sorry, obviously not a VTech software that was used for this. But like Patrick said, always starting with a short intro on the group level and then moving over to the Q1 results. So, you know, this picture by now, many of you starting with the customer perspective, 27,000 customers by now. We have 49 business units. We started the year with 47. So we added two acquisitions during the first quarter. We have our feet on the ground in 13 countries. And the pro forma sales is after the two latest acquisitions up to 3.9 billion Swedish, roughly. And you can see the distribution of sales there across the different geographies. And you can see that we have roughly 25% in Sweden, which means that, of course, we are exposed to the foreign currency fluctuations for good or bad. And to my help, I have nearly 1,850 colleagues by now. Moving over to also the further breakdown of this diversification. The first pie there, you saw that on the previous picture, so that's the sales by market. If you break down on the business units, so no single business units is more than 7% of the total. And also on the customer side, so the top 10 customers are not more than 7% of the group, which of course gives us a great risk distribution. um moving over to to how we we operate a bit i mean we have a business model of course that we work with the business units that we have they are usually the market leaders they do...