Vitec Software Group AB Class B (VIT.B) AI Stock Analysis

8 Followers

Vitec Software Group AB Class B

(Nasdaq OMX AB:VIT.B)

Select Model

Rating:71Outperform

Price Target:SEK 332.00▲(7.58% Upside)

Action:reiterated

Date:10/24/26

The score is primarily supported by strong financial performance (rapid TTM revenue growth, healthy operating profitability, and solid free cash flow), but tempered by rising leverage and recent gross margin compression. Technically the trend is positive, yet overbought indicators increase near-term downside risk, while valuation appears moderately expensive with a modest dividend yield.

Positive Factors

Revenue growth and profitabilityStrong TTM revenue growth combined with healthy EBIT and net margins indicates effective scaling and operating discipline. If this performance persists, Vitec can expand its earnings base while retaining resources to invest in products, customer relationships, and future growth.

Negative Factors

Rising leverageThe sustained rise in debt-to-equity shows greater reliance on debt funding and reduces financial flexibility if growth moderates. Although the balance sheet is not described as stressed, higher leverage can increase sensitivity to earnings pressure and constrain future capital allocation.

Vitec Software Group AB Class B (VIT.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 12.31B
Dividend Yield: 1.18%
Average Volume (3M): 91.40K
Price to Earnings (P/E): 26.0
Beta (1Y): 0.72
Revenue Growth: 5.55%
EPS Growth: 18.93%
Country: Sweden
Employees: 1,870
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Vitec Software Group AB Class B Business Overview & Revenue Model

Company Description

Vitec Software Group AB (publ), established in 1985 and headquartered in Umeå, Sweden, specializes in the development and delivery of niche software solutions for a wide range of vertical markets. The company's operations span the Nordic countries (S...

How the Company Makes Money

Vitec Software Group AB primarily generates revenue by selling and operating vertical software products designed for specific industries and professional segments. A major part of its earnings typically comes from recurring revenue tied to ongoing cu...

Vitec Software Group AB Class B Financial Statement Overview

Summary

Strong fundamentals driven by ~44% TTM revenue growth, healthy EBIT margins (~18–21%), and solid free cash flow quality (FCF ~78% of net income). Offsetting risks are recent gross margin compression and a clear upward leverage trend (debt-to-equity ~0.75 TTM), which increases sensitivity if growth moderates.

Income Statement

78Positive

Balance Sheet

66Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.80B	3.63B	3.33B	2.78B	1.98B	1.57B
Gross Profit	979.42M	918.73M	1.23B	1.40B	996.81M	751.44M
EBITDA	1.48B	1.29B	1.32B	1.07B	713.90M	568.94M
Net Income	470.87M	435.36M	410.10M	339.18M	244.87M	206.94M
Balance Sheet
Total Assets	11.67B	10.27B	10.08B	7.83B	6.32B	3.75B
Cash, Cash Equivalents and Short-Term Investments	549.46M	416.51M	243.55M	171.85M	615.79M	119.85M
Total Debt	3.74B	3.04B	2.54B	2.26B	1.63B	873.76M
Total Liabilities	6.31B	5.43B	5.18B	4.42B	3.11B	1.76B
Stockholders Equity	5.35B	4.84B	4.91B	3.41B	3.21B	1.99B
Cash Flow
Free Cash Flow	919.18M	1.08B	546.46M	341.45M	278.02M	259.83M
Operating Cash Flow	1.17B	1.11B	949.04M	718.40M	563.37M	488.02M
Investing Cash Flow	-1.76B	-1.18B	-1.96B	-1.68B	-1.44B	-1.51B
Financing Cash Flow	835.50M	266.87M	1.10B	489.91M	1.34B	1.02B

Vitec Software Group AB Class B Technical Analysis

Technical Analysis SentimentPositive

Last Price308.60

Price Trends

50DMA283.56Positive

100DMA261.73Positive

200DMA253.19Positive

Market Momentum

MACD5.81Positive

RSI60.18Neutral

STOCH60.92Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VIT.B, the sentiment is Positive. The current price of 308.60 is above the 20-day moving average (MA) of 305.86, above the 50-day MA of 283.56, and above the 200-day MA of 253.19, indicating a bullish trend. The MACD of 5.81 indicates Positive momentum. The RSI at 60.18 is Neutral, neither overbought nor oversold. The STOCH value of 60.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VIT.B.

Vitec Software Group AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:VIT.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:UPSALE	82Outperform	SEK 454.64M	16.67	―	8.05%	11.34%	40.60%
SE:LIME	79Outperform	SEK 3.63B	29.53	32.20%	1.65%	8.57%	17.98%
SE:CARA	73Outperform	SEK 1.72B	44.98	―	―	―	―
SE:VIT.B	71Outperform	SEK 12.31B	25.95	9.27%	1.18%	5.55%	18.93%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:ONEF	60Neutral	SEK 510.07M	-54.55	―	―	20.62%	85.64%

* Technology Sector Average

Performance Comparison

SE:VIT.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:VIT.B	Vitec Software Group AB Class B	308.60	5.43	1.79%
SE:LIME	Lime Technologies AB	272.00	-43.15	-13.69%
SE:UPSALE	Upsales Technology AB	27.00	-3.06	-10.17%
SE:ONEF	Oneflow AB	18.00	-8.50	-32.08%
SE:CARA	Carasent AB	25.75	-2.05	-7.37%

Vitec Software Group AB Class B Corporate Events

Vitec Software Delivers Double-Digit Growth and Reshapes Leadership for Long-Term Expansion

Oct 23, 2026

Vitec Software Group reported a solid third quarter, with net sales rising 15% to SEK 909 million and recurring revenue up 13% to SEK 801 million, maintaining an EBITA margin around 30%. Strong cost discipline kept headcount stable while revenues gre...

Vitec Software Group Launches Share Buyback to Support Employee Programs

Oct 23, 2026

Vitec Software Group AB’s board has resolved to repurchase up to 200,000 of its own Class B shares on Nasdaq Stockholm, equivalent to about 0.5 percent of the company’s total share count. The move is intended to secure share delivery for participants...

Vitec boosts healthcare software portfolio with acquisition of Dutch firm AtermIT

Oct 6, 2026

Vitec Software Group has expanded its vertical market software portfolio by acquiring Dutch firm AtermIT Holding B.V., a specialist in maternity and post-natal care software. AtermIT, founded in 2012 and based in Lelystad, generated pro-forma revenue...

Vitec buys Finnish recycling software firm ZMartek to bolster waste management unit

Oct 2, 2026

Vitec Software Group AB has expanded its waste management software offering in Finland with the cash acquisition of ZMartek Oy, an ERP specialist for the recycling industry. ZMartek’s Reccu solution supports waste-to-energy and landfill operations ac...

Vitec Software Group Schedules Webcast for Q3 2026 Interim Report

Oct 1, 2026

Vitec Software Group AB will publish its interim report for January–September 2026 on October 23, with a live English-language webcast presentation later that morning. The session, hosted by CEO Olle Backman and Head of Investor Relations Patrik Fran...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026

Vitec Software Group AB Class B AI Stock Analysis