Vitec Software (VIT) investor relations material

Executive summary

• Net sales for Q1 2026 reached SEK 955 million, up 9% year-over-year, with recurring revenues at SEK 839 million, a 7% increase.

• EBITA increased by 11% to SEK 244 million, operating profit rose 13% to SEK 173 million, and margins improved year-over-year.

• Earnings per share before dilution grew 19% to SEK 2.49.

• Two acquisitions (Autonet and Infometric) were completed, supporting growth and diversification.

• Cash flow from operating activities was SEK 784 million, with Q1 typically being the strongest quarter.

Financial highlights

• Recurring share of net sales remained high at 88%.

• EBITA margin improved to 26% from 25% year-over-year; operating margin rose to 18% from 17%.

• Cash EBIT increased 11% to SEK 197 million, with a margin of 21%.

• Pro forma net sales for the last twelve months were SEK 3,922 million.

• Net profit for the period was SEK 99 million, a 19% increase year-over-year.

Outlook and guidance

• Management expects gradual margin improvement on a rolling 12-month basis, driven by organic growth, cost control, and AI-driven efficiencies.

• Continued focus on organic growth, innovation, and integration of recent acquisitions.

• Rapid AI adoption is driving internal efficiency and new customer applications across business units.

• No significant organic staff increase expected for the year; focus remains on productivity gains.

• The business environment is more cautious, with lower investment appetite and reduced willingness among sellers.