Vitec Software Group Management
Management criteria checks 4/4
Vitec Software Group's CEO is Olle Backman, appointed in Apr 2021, has a tenure of 3.67 years. total yearly compensation is SEK5.04M, comprised of 89.5% salary and 10.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth SEK22.55M. The average tenure of the management team and the board of directors is 3.6 years and 12.6 years respectively.
Key information
Olle Backman
Chief executive officer
SEK 5.0m
Total compensation
| CEO salary percentage | 89.5% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.6yrs |
| Board average tenure | 12.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 393m |
| Jun 30 2024 | n/a | n/a | SEK 370m |
| Mar 31 2024 | n/a | n/a | SEK 348m |
| Dec 31 2023 | SEK 5m | SEK 5m | SEK 339m |
| Sep 30 2023 | n/a | n/a | SEK 327m |
| Jun 30 2023 | n/a | n/a | SEK 304m |
| Mar 31 2023 | n/a | n/a | SEK 260m |
| Dec 31 2022 | SEK 5m | SEK 4m | SEK 245m |
| Sep 30 2022 | n/a | n/a | SEK 233m |
| Jun 30 2022 | n/a | n/a | SEK 221m |
| Mar 31 2022 | n/a | n/a | SEK 229m |
| Dec 31 2021 | SEK 4m | SEK 3m | SEK 207m |
Compensation vs Market: Olle's total compensation ($USD456.89K) is below average for companies of similar size in the UK market ($USD2.35M).
Compensation vs Earnings: Olle's compensation has been consistent with company performance over the past year.
CEO
Olle Backman (55 yo)
3.7yrs
Tenure
SEK 5,038,000
Compensation
Mr. Olle Backman is President at Vitec Software Group AB (publ). He has been Chief Executive Officer at Vitec Software Group AB since April 29, 2021 and also serves as its Director since 2021 and had been...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.7yrs | SEK 613.00k | 3.41% SEK 719.8m | |
| CEO, President & Director | 3.7yrs | SEK 5.04m | 0.11% SEK 22.6m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | 4.8yrs | no data | 0.040% SEK 8.5m | |
| CIO & CTO | no data | no data | 1.43% SEK 302.3m | |
| Investor Relations Officer | 7.8yrs | no data | no data | |
| Head of Human Resources | 3.5yrs | no data | 0.0080% SEK 1.7m | |
| Head of Brand | 3.5yrs | no data | 0.0030% SEK 634.2k | |
| Head of M&A | 3.5yrs | no data | 0.032% SEK 6.8m | |
| Chief Executive Officer of Software for Estate Agents - Sweden | no data | no data | no data | |
| Chief Executive Officer of Vitec Acute | 8.8yrs | no data | no data | |
| Chief Executive Officer of Vitec HK Data | no data | no data | no data |
3.6yrs
Average Tenure
56yo
Average Age
Experienced Management: 0RDI's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.7yrs | SEK 613.00k | 3.41% SEK 719.8m | |
| CEO, President & Director | 3.9yrs | SEK 5.04m | 0.11% SEK 22.6m | |
| Independent Director | 13.9yrs | SEK 217.00k | 0.019% SEK 4.0m | |
| Independent Director | 26.9yrs | SEK 217.00k | 0.26% SEK 55.8m | |
| Independent Director | 1.7yrs | SEK 147.00k | no data | |
| Independent Director | 14.9yrs | SEK 217.00k | 0.043% SEK 9.0m | |
| Independent Director | 12.6yrs | SEK 217.00k | no data |
12.6yrs
Average Tenure
66yo
Average Age
Experienced Board: 0RDI's board of directors are seasoned and experienced ( 12.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 12:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vitec Software Group AB (publ) is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Thorsson | ABG Sundal Collier Sponsored |
| Daniel Lindkvist | Danske Bank |
| null null | Danske Bank |