Vitec Software Group AB (publ) (VIT_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to VTech Software Group QTU 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers, session participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Ole Backman and IR Patrick Franson. Please go ahead. Thank you, and a warm welcome to everyone attending this conference call today. I'm Patrik Fransson, Head of Investor Relations at BTEC Software Group, and with me is our CEO, Olle Wackman. First, we will give a short overview of BTEC Group, and then follow by comments on our report we reached earlier this morning. After the presentation, we will, as always, open up for questions. So, Olle, with that, I'll hand over to you. Thank you, Patrik, and a warm welcome as well from my side. So we'll just jump ahead, as Patrick said, into the report. And this is us, Olle and Patrick, your hosts for the day. And just taking the VTEC in brief picture, as we always do. So 27,500 business-to-business customers, we're serving that at the moment. We do that through the 49 business units or companies that we have. FIT Underground sales in 13 countries, but all in all we have sales in over 60 countries by now. Proforma sales, roughly 3.7 billion Swedish, 85% of that is recurring revenue, which is an important part of our business model. And to my aid I have the benefit of having 1,870 colleagues by now. And you can see the sales distribution there on the right, and we're going to get back to that. And talking about sales distribution, we have a really broad exposure, but what we like to say, a very limited dependency. So you can see the largest customer, the business units of the total, it's just 8%. And of course, 10 l...