Vitec Software Group AB (publ) (VIT_B) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and a warm welcome to today's conference call. I'm Patrik Fransson, Head of Investor Relations at Vitek Software Group and with me in the room here in Stockholm is our CEO Olle Backman. In the call, we will cover the report released earlier today, but first also give a short overview of Vitek software group. And finally, after the presentation, we will, as always, open up for questions. So with that, Ulle, I hand over to you. Thank you, Patrik. And like Patrik mentioned here, I will give a short overview of Vitek today and then move into the report. But always starting with the same picture here, the overall. So VTech Software Group of today, we serve nearly 26,000 customers. We have 45 business units and business units is basically the same as a company. We're a small group of companies. We have operations now with feet on the ground in 12 countries, but we say that we have six home markets and our home markets is where we have a company which is originated from that country and has its headquarters there. So they are the four Nordic countries plus the Netherlands and since 2024 also Belgium. Pro forma, so that's the run rate that we're operating it today. We have sales of nearly 3.6 billion. 87% of that is what we define as recurring revenue, which has to do with our contractual based and under software that we are providing. And I have nearly 1,660 colleagues to my help. Looking at our strategy chain, which is basically unchanged for a few years now, but starting with the values and, of course, for our employees, this is very important. The products, that's the foundation. We are a product-based company, so we're not dependent on services or anything like that. Keeping things simple. in everything we do, development, safety, but also how we interact inte...