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Vitec Software Group AB (publ) VIT B.ST · SEK

Information Technology · Nasdaq Stockholm · 🇸🇪 Sweden

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299.40

-0.13%

Close of 9 Nov 2026, in SEK

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About Vitec Software Group AB (publ)

Its shares trade on Nasdaq Stockholm under the ticker VIT B.ST. It has been listed since 16 March 1998. In the fiscal year to 31 December 2025, it reported revenue of SEK 3.63bn and net income of SEK 435.4m. At that date it held total assets of SEK 10.27bn and shareholders' equity of SEK 4.84bn.

Vitec Software Group AB engages in software business solutions. The company is headquartered in Umea, Vasterbottens. The firm's offer consists of software solutions, consulting services and support services. The firm operates through six business areas. The Brokerage area offers software for real estate brokers. The Real Estate area offers software for property managers. The Media area offers the Balance business system, which supports the administrative processes of the Company’s customers’ companies. The Energy area provides software for forecasting of electricity, heat and wind power; technical management and maintenance of the distribution networks. The Capitex area offers software for banks and insurance companies. The 3L System area offers software for construction, real estate and yellow pages companies. The firm's subsidiaries include Futursoft OY, AutoData Norge AS, Tietomitta OY, Aloc A/S, Norwegian Fox Publish AS, Norwegian Insurance Computer Environment AS (Nice AS) and MV-Nordic A/S.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Information Technology
Industry
Software
Listed since
16 Mar 1998
Employees
1,110
Website
vitecsoftware.com ↗

Leadership

Pay as last reported

  • Mr. Lars StenlundChairman of the Board, since 1985SEK 680,000
  • Mr. Olle BackmanPresident, Chief Executive OfficerSEK 5.8m
  • Mr. Peter LidstromChief Financial Officer
  • Mr. Gert GustafssonChief Operating Officer, since 2020
  • Mr. Jerker VallboChief Technology Officer, Chief Information Officer, since 2021
  • Ms. Kerstin AndersonVice President - Operations
  • Mr. Kim Moller JensenVice President - Operations
  • Ms. Pia KantolaVice President - Operations
  • Ms. Pien OostermanVice President - Operations
  • Mr. Magnus PerssonVice President - Operations
  • Mr. Svein WestengenVice President - Operations, since 2021
  • Ms. Anna AnderssonHead of Human Resources

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
67
Environment
93
Social
68
Governance
38
Direct emissions (scope 1)
181.7 t
Energy emissions (scope 2)
348.2 t
Value chain emissions (scope 3)
1,263 t
Women in the workforce
31.6837%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Vitec Software Group AB (publ) has a strong market presence, with a diversified portfolio of software solutions catering to various industries. The company's robust technology infrastructure enables efficient delivery of its products and services. Vitec Software Group AB (publ) also boasts a skilled and experienced workforce, contributing to its ability to deliver innovative solutions to its clients.
  • Vitec Software Group AB (publ) has successfully established itself as a key player in the software industry, with a wide customer base. Its strong market presence provides a competitive edge and opportunities for future growth.
  • Vitec Software Group AB (publ) offers a diverse range of software solutions, catering to different sectors such as real estate, education, healthcare, etc. This diversified portfolio allows the company to tap into various market segments, reducing dependency on a single industry.
  • Vitec Software Group AB (publ) has invested in a robust technology infrastructure that supports efficient product development, deployment, and maintenance. This infrastructure ensures smooth operations and enables the company to adapt to evolving customer needs and industry trends.
  • Vitec Software Group AB (publ) boasts a highly skilled and experienced workforce comprising software developers, engineers, and domain experts. This expertise allows the company to deliver high-quality, customized solutions to its clients, enhancing customer satisfaction and loyalty.

Weaknesses

  • Despite its strengths, Vitec Software Group AB (publ) also faces certain weaknesses that it needs to address in order to maintain its competitive position in the market. These weaknesses might pose challenges and limit the company's growth potential.
  • The company's business performance is tied to economic conditions, making it vulnerable to fluctuations in the market. During economic downturns, organizations may reduce their spending on software solutions, impacting Vitec Software Group AB (publ)'s revenue and profitability.
  • Vitec Software Group AB (publ) primarily operates in the domestic market, which limits its exposure to international opportunities. Expanding its international presence could unlock new markets and revenue streams.

Opportunities

  • Vitec Software Group AB (publ) possesses several opportunities which can further enhance its growth and market position. These opportunities arise from external factors and can be leveraged to expand its customer base and increase revenue.
  • The increasing reliance on technology and the digital transformation across industries are driving the demand for software solutions. Vitec Software Group AB (publ) can capitalize on this trend by developing and marketing innovative products that address the evolving needs of its target industries.
  • Collaborating with strategic partners, such as industry associations, technology vendors, or complementary software providers, can expand Vitec Software Group AB (publ)'s reach and market opportunities. By joining forces with established players, the company can develop integrated solutions and access new customer segments.

Threats

  • Vitec Software Group AB (publ) faces certain threats that may hamper its growth and profitability. These threats arise from various external factors and require proactive management to mitigate their impact.
  • The software industry is highly competitive, with numerous players offering similar solutions. Vitec Software Group AB (publ) needs to continuously innovate and differentiate itself to stay ahead of the competition, as well as defend its market share from new entrants.
  • The rapid pace of technological advancements poses a challenge for Vitec Software Group AB (publ). The company needs to keep up with emerging technologies and ensure its solutions remain relevant and competitive in the market. Failure to do so may result in customer attrition and loss of market share.
  • Compliance with laws and regulations, such as data privacy and cybersecurity requirements, is crucial for Vitec Software Group AB (publ)'s operations. Failure to adhere to these regulations can result in penalties, reputation damage, and loss of customer trust.

Sources and methodology

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