Vitec Software Group AB (publ)

OM:VIT B Stock Report

Market Cap: SEK 10.8b

Vitec Software Group Future Growth

Future criteria checks 3/6

Vitec Software Group is forecast to grow earnings and revenue by 13.6% and 5.9% per annum respectively. EPS is expected to grow by 13.3% per annum. Return on equity is forecast to be 11.2% in 3 years.

Key information

13.6%

Earnings growth rate

13.33%

EPS growth rate

Software earnings growth34.6%
Revenue growth rate5.9%
Future return on equity11.21%
Analyst coverage

Good

Last updated27 Apr 2026

Recent future growth updates

Here's What Analysts Are Forecasting For Vitec Software Group AB (publ) (STO:VIT B) After Its Full-Year Results

Feb 09
Here's What Analysts Are Forecasting For Vitec Software Group AB (publ) (STO:VIT B) After Its Full-Year Results

Revenue Miss: Vitec Software Group AB (publ) Fell 5.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Oct 18
Revenue Miss: Vitec Software Group AB (publ) Fell 5.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Recent updates

Vitec Software Group's (STO:VIT B) Profits May Not Reveal Underlying Issues

Apr 30
Vitec Software Group's (STO:VIT B) Profits May Not Reveal Underlying Issues

VIT B: Dividend Growth And Share Buybacks Will Support Future Upside

Analysts have slightly adjusted their SEK price target for Vitec Software Group to reflect updated views on fair value, discount rates, revenue growth assumptions, profit margins and future P/E expectations. What's in the News Proposed dividend per share for the 2025 financial year is SEK 3.68, compared with SEK 3.60, and is described as being in line with earnings per share growth if approved (Key Developments).

VIT B: Dividend Reliability And Buybacks Will Support Long Term Thesis

Analysts have nudged their price target for Vitec Software Group slightly higher from SEK 570.41 to SEK 574.11, reflecting updated assumptions for revenue growth, profit margins, and future P/E following recent research such as the upgrade from SEB Equities. Analyst Commentary Recent research points to a generally constructive view on Vitec Software Group, with the higher price target of SEK 574.11 indicating that bullish analysts see support for the current valuation based on updated revenue and margin assumptions.

VIT B: SEB Upgrade And Stronger Earnings Profile Will Support Future Upside

Analysts have reduced their 12-month price target for Vitec Software Group from SEK 468 to SEK 456, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E following recent research, including the SEB Equities upgrade. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent upgrade reflects confidence that current assumptions for discount rate, growth and margins still support a solid long term earnings profile, even with the slightly lower SEK 456 target.

VIT B: Firmer Margin Outlook Will Support Constructive Long Term Thesis

The analyst price target for Vitec Software Group has shifted from SEK 650 to about SEK 570. Analysts point to more moderate revenue growth assumptions and a higher discount rate, partly offset by slightly firmer profit margin expectations and a broadly similar future P/E outlook, as reflected in recent research updates including the upgrade at SEB Equities.

VIT B: Higher Future P/E And Buybacks Will Likely Support Stronger Share Price

Analysts have trimmed their price target on Vitec Software Group from SEK 450 to SEK 400, citing more cautious assumptions on revenue growth, profit margins and discount rate. At the same time, they are factoring in a higher future P/E multiple supported by recent research such as the SEB Equities upgrade.

Swedens Constellation Software

1. The Narrative: The Vertical Market Software (VMS) Fortress Vitecs story is built on three specific pillars: The BuyToKeepForever Philosophy: Unlike PE, Vitec never sells.

Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

Feb 13
Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

Here's What Analysts Are Forecasting For Vitec Software Group AB (publ) (STO:VIT B) After Its Full-Year Results

Feb 09
Here's What Analysts Are Forecasting For Vitec Software Group AB (publ) (STO:VIT B) After Its Full-Year Results

VIT B: Recent Upgrade And Fine Tuned Assumptions Will Support Future Upside

Analysts have slightly reduced their price target for Vitec Software Group to SEK 467.71 from SEK 474.57. This reflects modest adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E following recent research upgrades on the stock.

Vitec Software Group AB (publ)'s (STO:VIT B) Intrinsic Value Is Potentially 51% Above Its Share Price

Jan 30
Vitec Software Group AB (publ)'s (STO:VIT B) Intrinsic Value Is Potentially 51% Above Its Share Price

Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

Jan 30
Vitec Software Group (STO:VIT B) Has Announced A Dividend Of SEK0.90

VIT B: Recent Upgrade And Refreshed Assumptions Will Support Future Upside Potential

Analysts have reduced their fair value estimate for Vitec Software Group from SEK 543.50 to about SEK 474.60, reflecting updated assumptions on growth, margins, discount rate and future P/E following recent research, including the upgrade at SEB Equities. Analyst Commentary Bullish Takeaways Bullish analysts view the recent fair value adjustment to about SEK 474.60 as better aligned with their updated assumptions on growth, margins and discount rate.

VIT B: Higher Growth Assumptions Will Likely Support A Stronger Share Price

Analysts have trimmed their price target for Vitec Software Group to SEK450. The change is largely tied to a lower assumed future P/E of about 27.8x, a slightly higher discount rate, a revised revenue growth assumption of 15.29% and a profit margin assumption of 14.47%.

Vitec Software Group (STO:VIT B) Will Pay A Dividend Of SEK0.90

Jan 01
Vitec Software Group (STO:VIT B) Will Pay A Dividend Of SEK0.90

VIT B Will Likely Deliver Stronger Margins Supporting A Higher Share Price

Analysts have raised their price target on Vitec Software Group from SEK 375 to SEK 450. This reflects expectations for stronger profit margins and a slightly lower future price to earnings multiple, despite more moderate revenue growth assumptions.

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Nov 11
Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Vitec Software Group (STO:VIT B) Is Due To Pay A Dividend Of SEK0.90

Oct 29
Vitec Software Group (STO:VIT B) Is Due To Pay A Dividend Of SEK0.90

Vitec Software Group's (STO:VIT B) Earnings Seem To Be Promising

Oct 28
Vitec Software Group's (STO:VIT B) Earnings Seem To Be Promising

Revenue Miss: Vitec Software Group AB (publ) Fell 5.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Oct 18
Revenue Miss: Vitec Software Group AB (publ) Fell 5.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Vitec Software Group's (STO:VIT B) Dividend Will Be SEK0.90

Oct 15
Vitec Software Group's (STO:VIT B) Dividend Will Be SEK0.90

Vitec Software Group's (STO:VIT B) Dividend Will Be SEK0.90

Oct 01
Vitec Software Group's (STO:VIT B) Dividend Will Be SEK0.90

What Does Vitec Software Group AB (publ)'s (STO:VIT B) Share Price Indicate?

Sep 15
What Does Vitec Software Group AB (publ)'s (STO:VIT B) Share Price Indicate?

Vertical Market Software Acquisitions And Efficiency Investments Will Strengthen Success

A notable increase in the consensus price target for Vitec Software Group reflects improved valuation sentiment, primarily driven by a substantial decline in the forward P/E multiple, supporting a revised fair value of SEK558.71. What's in the News Completed repurchase of 107,000 shares (0.27% of shares) for SEK 58.3 million under the ongoing buyback program.

These 4 Measures Indicate That Vitec Software Group (STO:VIT B) Is Using Debt Reasonably Well

Aug 13
These 4 Measures Indicate That Vitec Software Group (STO:VIT B) Is Using Debt Reasonably Well

Vitec Software Group (STO:VIT B) Is Due To Pay A Dividend Of SEK0.90

Jul 12
Vitec Software Group (STO:VIT B) Is Due To Pay A Dividend Of SEK0.90

A Look At The Fair Value Of Vitec Software Group AB (publ) (STO:VIT B)

Jul 11
A Look At The Fair Value Of Vitec Software Group AB (publ) (STO:VIT B)

Here's Why We Think Vitec Software Group (STO:VIT B) Might Deserve Your Attention Today

Jun 28
Here's Why We Think Vitec Software Group (STO:VIT B) Might Deserve Your Attention Today

Vitec Software Group AB (publ)'s (STO:VIT B) Price Is Out Of Tune With Earnings

May 27
Vitec Software Group AB (publ)'s (STO:VIT B) Price Is Out Of Tune With Earnings

We think Vitec Software Group AB (publ)'s (STO:VIT B) CEO May Struggle To See Much Of A Pay Rise This Year

Apr 23
We think Vitec Software Group AB (publ)'s (STO:VIT B) CEO May Struggle To See Much Of A Pay Rise This Year

Is Vitec Software Group (STO:VIT B) A Risky Investment?

Apr 20
Is Vitec Software Group (STO:VIT B) A Risky Investment?

A Look At The Intrinsic Value Of Vitec Software Group AB (publ) (STO:VIT B)

Apr 08
A Look At The Intrinsic Value Of Vitec Software Group AB (publ) (STO:VIT B)
User avatar

Decentralized Approach And Niche Focus Will Enhance Market Position

Focus on niche market leadership and strategic acquisitions drives strong recurring revenue and margin improvements.

We Like Vitec Software Group's (STO:VIT B) Earnings For More Than Just Statutory Profit

Feb 13
We Like Vitec Software Group's (STO:VIT B) Earnings For More Than Just Statutory Profit

Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

Jan 20
Vitec Software Group's (STO:VIT B) Returns Have Hit A Wall

Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Jan 09
Risks To Shareholder Returns Are Elevated At These Prices For Vitec Software Group AB (publ) (STO:VIT B)

Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Dec 29
Here's Why Vitec Software Group (STO:VIT B) Can Manage Its Debt Responsibly

Earnings and Revenue Growth Forecasts

OM:VIT B - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,4186838381,4276
12/31/20274,1955977461,3157
12/31/20263,9765066561,2277
3/31/20263,6864516741,136N/A
12/31/20253,6334356541,110N/A
9/30/20253,6003975791,010N/A
6/30/20253,5543935791,009N/A
3/31/20253,5214086001,013N/A
12/31/20243,334410546949N/A
9/30/20243,148393517930N/A
6/30/20243,040370535933N/A
3/31/20242,881348534923N/A
12/31/20232,778339341718N/A
9/30/20232,615327439801N/A
6/30/20232,419304392730N/A
3/31/20232,144260300607N/A
12/31/20221,978245278563N/A
9/30/20221,669233289547N/A
6/30/20221,588221311550N/A
3/31/20221,590229385623N/A
12/31/20211,571207260488N/A
9/30/20211,707198278491N/A
6/30/20211,640191269475N/A
3/31/20211,553179322514N/A
12/31/20201,475161263436N/A
9/30/20201,403130270437N/A
6/30/20201,369123235400N/A
3/31/20201,33298176334N/A
12/31/20191,295102N/A283N/A
9/30/20191,287116N/A270N/A
6/30/20191,256109N/A263N/A
3/31/20191,205103N/A267N/A
12/31/20181,14497N/A197N/A
9/30/20181,09693N/A178N/A
6/30/20181,04575N/A173N/A
3/31/201898980N/A202N/A
12/31/201795279N/A188N/A
9/30/201789575N/A193N/A
6/30/201783577N/A187N/A
3/31/201779872N/A173N/A
12/31/201675867N/A158N/A
9/30/201672871N/A158N/A
6/30/201671176N/A147N/A
3/31/201669975N/A150N/A
12/31/201568478N/A140N/A
9/30/201565572N/A144N/A
6/30/201563164N/A137N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIT B's forecast earnings growth (13.6% per year) is above the savings rate (1.8%).

Earnings vs Market: VIT B's earnings (13.6% per year) are forecast to grow faster than the Swedish market (8.5% per year).

High Growth Earnings: VIT B's earnings are forecast to grow, but not significantly.

Revenue vs Market: VIT B's revenue (5.9% per year) is forecast to grow faster than the Swedish market (0.5% per year).

High Growth Revenue: VIT B's revenue (5.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VIT B's Return on Equity is forecast to be low in 3 years time (11.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/02 08:08
End of Day Share Price 2026/04/30 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Vitec Software Group AB (publ) is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Daniel ThorssonABG Sundal Collier Sponsored
Daniel LindkvistDanske Bank