Sweden's Vitec Software Q1 revenue rises on subscription growth, pricing

Vitec Software AB (publ)

23/04/2026 07:16

Overview

Sweden vertical software provider's Q1 revenue rose 9% yr/yr, recurring revenue up 7%

Q1 EBITA grew 11% with margin improving to 26% from 25%

Company completed acquisitions of Autonet and Infometric during the quarter

Outlook

Company notes more cautious business environment and lower investment appetite due to global uncertainty

Vitec Software says organic growth is developing as expected with continued customer stability

Company continues to invest in mission-critical products and accelerate AI adoption across the group

Result Drivers

MARGIN EXPANSION - Co said improved EBITA and cash EBIT margins reflected higher revenue, disciplined cost control, and improved efficiency

ORGANIC GROWTH - Organic growth in subscription-based revenue of 6% was driven equally by innovation/upsell and price adjustments

ACQUISITIONS - Revenue and recurring revenue benefited from the acquisitions of Autonet and Infometric, with Infometric affecting revenue mix

Company press release: ID:nMFN92jNWR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBITA
SEK 244 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Vitec Software Group AB (publ) is SEK460.00, about 68.4% above its April 22 closing price of SEK273.20

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)