Vitec Software Group AB (publ) (VIT_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and a warm welcome to today's conference call. I am Patrik Fransson, Head of Investor Relations here at Vitek Software Group and with me to my left is our CEO Olle Backman. As usual in this call we will cover the report released earlier today and also give a short overview of Vitek. And again as always we will open up for questions after the presentation. So with that I hand over to Jule. Thank you Patrik and welcome all to this conference call. I will start as always with a short overview of the Vitek software group and as you know I always talk from the customer perspective first so we're serving the 26 000 business to business customers. We do that from a decentralized organization through 46 business units. We are today present with our feet on the ground in 12 countries, but we say that we have five or six home markets, which is the four Nordic countries and the Netherlands and Belgium as well, where we have the origin of these business units. I have nearly 1,700 colleagues to my aid and the pro forma sales is up to like 3.6 billion now. And talking about sales, we say that we have our feet on the ground in 12 countries, but we actually have sales in over 52 countries by now. So that's quite impressive. Moving over to the sales and the diversification and you can see here the distribution from the various markets. Only 25% in Sweden and of course we originated as a Swedish company to start with. So up until 2011 we were 100% in Sweden and now you can see that distribution there. You can also note here, and we will get back to it on the FX here, so Euro and Danish krona, it's roughly 60% today, so only 25% on the Swedish krona. And you can see the largest business units, it's only 10% of the sales on the software sales. And if you look at the customer a...