Nettoomsättning

EBITA

Vitec Software Group

Teknologi

Net sales

Pinpoint consensus ahead of Vitec Software Group’s Q2 2026 report is based on 42 estimates.

**Summary CEO's words**
The CEO highlights a stronger market with increased activity and shorter sales cycles, though the business climate remains cautious in some segments. The company is integrating AI strategically across its operations to drive growth and improve processes, reinforcing its commitment to innovation and customer value.

**Net sales**
Net sales increased by 14.7% to 935 (815) MSEK. Compared with Pinpoint's consensus of 984.7 MSEK, the outcome is below expectations with a difference of -5%. The increase was driven by increased market activity, shorter sales cycles, and a stronger prospect and order pipeline, with organic growth contributing 4%.

**EBITA**
EBITA increased by 14.8% to 271 (236) MSEK. Compared with Pinpoint's consensus of 246.9 MSEK, the outcome is above expectations with a difference of 9.7%. EBITA margin amounted to 29% (29%). The increase was driven by strong market positions and continued good cost control.

Pinpoint consensus ahead of Vitec Software Group’s Q1 2026 report is based on 64 estimates.

**Summary CEO's words**
The CEO highlights the strategic acquisitions of Autonet and Infometric, emphasizing their positive contribution to the growing concern. Despite a more cautious business climate due to external factors, the company maintains organic growth and customer stability. The focus remains on investing in critical products and leveraging AI both internally and in customer applications to drive value creation.

**Net sales**
Net sales increased by 8.5% to 955 MSEK (879.8 MSEK). Compared with Pinpoint's consensus of 946.7 MSEK, the outcome is in line with expectations with a difference of 0.9%. Growth was driven by organic growth in subscription-based revenues, price adjustments, and the contribution from recent acquisitions (Autonet and Infometric), while currency effects had a negative impact.

**EBITA**
EBITA increased by 11.1% to 244 MSEK (219.7 MSEK). Compared with Pinpoint's consensus of 231.4 MSEK, the outcome is above expectations with a difference of 5.5%. The improvement was driven by increased revenues, cost control, improved efficiency, and positive contributions from the acquisitions of Autonet and Infometric, while currency effects had a negative impact. EBITA margin amounted to 26% (25%).

Pinpoint consensus ahead of Vitec Software Group’s Q4 2025 report is based on 55 estimates.

**Summary CEO's words**
The CEO highlights the company's strategic focus on acquisitions and organic growth, despite a cautious market environment. The company completed two acquisitions in 2025, with an emphasis on increasing the stable base of recurring revenues. Looking ahead, the CEO expresses readiness for further acquisitions and proposes a dividend increase, signaling continued financial strength and commitment to shareholder returns.

**Net sales**
Net sales increased by 15.0% to 983 MSEK (854.8 MSEK). Compared with Pinpoint's consensus of 947.5 MSEK, the outcome is in line with expectations with a difference of 3.7%. Net sales growth of 6% in Q4 was driven by a 12% increase in subscription-based revenues, of which 8% was organic, and the contribution from acquisitions, although lower than in previous years.

**EBITA**
EBITA increased by 13.9% to 268 MSEK (235.3 MSEK). Compared with Pinpoint's consensus of 246.7 MSEK, the outcome is above expectations with a difference of 8.6%. EBITA remained unchanged at 268 million in Q4, while the operating profit increased by 16%, but the Cash EBIT declined in line with expectations. EBITA margin amounted to 27% (29%). The underlying performance, as measured by Cash EBIT, showed a decrease.

Pinpoint consensus ahead of Vitec Software Group’s Q3 2025 report is based on 53 estimates.

**Summary CEO's words**
The CEO highlighted steady improvements in the third quarter despite a tough environment characterized by customer and seller restraint. Organic growth in subscription-based revenues was noted at 6%, though total revenue decreased by 2% due to lower transaction-based revenues. The acquisition of Polish NMG was completed post-quarter, establishing a presence in a new market.

**Net sales**
Net sales increased by 5.7% to 855 MSEK (809 MSEK). Compared with Pinpoint's consensus of 902.5 MSEK, the outcome is below expectations with a difference of -5.3%. The increase was driven by organic growth of 6% in subscription-based revenues, partially offset by a 2% decrease in total revenue primarily from lower transaction-based revenues, with Vitec Enova accounting for a decrease of 50 MSEK.

**EBITA**
EBITA decreased by 5.2% to 235 MSEK (248 MSEK). Compared with Pinpoint's consensus of 237.4 MSEK, the outcome is in line with expectations with a difference of -1%. The decrease was due to lower gross profit from Vitec Enova, which reduced gross profit by 11 MSEK, though targeted measures and business development have mitigated this impact. EBITA margin amounted to 28% (31%).

	PREVIOUS OUTCOME	Q3-26
	Pinpoint 3 estimates	Your estimate
Net sales MSEK
Growth YoY, %
EBITA MSEK
Margin, %

	PREVIOUS OUTCOME	2026		2027		2028
	Pinpoint 28 estimates	Your estimate	Pinpoint 16 estimates	Your estimate	Pinpoint 4 estimates	Your estimate
Net sales MSEK
Growth YoY, %
EBITA MSEK
Margin, %

Vitec Software Group - VIT

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