Sweden's Vitec Software Q4 net sales rise on acquisition impact

Vitec Software AB (publ)

06/02/2026 07:09

Overview

Swedish vertical software provider's Q4 net sales rose 6%, recurring revenues up 8%

Q4 EBITA unchanged, operating profit increased by 16%

Company completed acquisition of Poland-based NMG in Q4

Outlook

Vitec aims to achieve operating margin of at least 20% and increase it gradually

Company announces two acquisitions in early 2026, Autonet and Infometric

Board proposes dividend increase to SEK 3.68 per share, marking 24th year of growth

Result Drivers

SUBSCRIPTION REVENUE GROWTH - Co reported a 12% increase in subscription-based revenues, with 8% being organic, strengthening recurring revenue base

ACQUISITION IMPACT - Acquisition of NMG contributed to growth, but less than previous years due to longer acquisition processes

CASH FLOW STRENGTH - Strong cash flow from operating activities increased significantly to SEK 111 mln from SEK 10 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EBIT
SEK 206 mln
Q4 EBITA
SEK 268 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 SEK452.00, about 100% above its February 5 closing price of SEK226.00

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nMFNbXRln5

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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.)