Sweden's Vitec Software Q2 net sales rise on increased market activity, acquisitions

Vitec Software AB (publ)

14/07/2026 07:11

Overview
Sweden vertical software provider's Q2 net sales rose 15% yr/yr, recurring revenue up 12%
Q2 EBITA increased 15% yr/yr, EBITA margin stable at 29%
Company completed acquisitions of Autonet and Infometric during the quarter

Outlook
Company says several operations report improved business climate and increased market activity
Vitec notes some customer segments remain cautious while others are largely unaffected by economic conditions
Company says AI integration is driving internal efficiency and new product features across business units

Result Drivers
COST CONTROL - Co said margin improvements were due to strong market positions and continued cost control
ACQUISITIONS - Revenue growth included contributions from recent acquisitions of Autonet and Infometric
MARKET CONDITIONS - Co reported improved business climate with increased market activity, shorter sales cycles, and a stronger order pipeline, though effects not yet fully reflected in revenue

Company press release: ID:nMFN47qRFv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EBITA
 
SEK 271 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 SEK442.00, about 90.4% above its July 13 closing price of SEK232.20
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 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.)