Vitec Software Group AB (publ)

OM:VIT B Stock Report

Market Cap: kr20.0b

Vitec Software Group Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Olle Backman

Chief executive officer

kr4.7m

Total compensation

CEO salary percentage83.8%
CEO tenure2.9yrs
CEO ownershipn/a
Management average tenure2.9yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?

Dec 02
At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?

With EPS Growth And More, Vitec Software Group (STO:VIT B) Makes An Interesting Case

Sep 28
With EPS Growth And More, Vitec Software Group (STO:VIT B) Makes An Interesting Case

Vitec Software Group (STO:VIT B) Is Reinvesting At Lower Rates Of Return

Aug 17
Vitec Software Group (STO:VIT B) Is Reinvesting At Lower Rates Of Return

Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?

Aug 01
Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?

There Are Reasons To Feel Uneasy About Vitec Software Group's (STO:VIT B) Returns On Capital

May 08
There Are Reasons To Feel Uneasy About Vitec Software Group's (STO:VIT B) Returns On Capital

Vitec Software Group (STO:VIT B) Has A Rock Solid Balance Sheet

Apr 23
Vitec Software Group (STO:VIT B) Has A Rock Solid Balance Sheet

Here's Why We Think Vitec Software Group (STO:VIT B) Is Well Worth Watching

Feb 16
Here's Why We Think Vitec Software Group (STO:VIT B) Is Well Worth Watching

We Think Vitec Software Group (STO:VIT B) Can Manage Its Debt With Ease

Jan 20
We Think Vitec Software Group (STO:VIT B) Can Manage Its Debt With Ease

With EPS Growth And More, Vitec Software Group (STO:VIT B) Is Interesting

Nov 07
With EPS Growth And More, Vitec Software Group (STO:VIT B) Is Interesting

Is Now The Time To Put Vitec Software Group (STO:VIT B) On Your Watchlist?

Jul 18
Is Now The Time To Put Vitec Software Group (STO:VIT B) On Your Watchlist?

Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?

Jun 10
Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?

Vitec Software Group (STO:VIT B) Might Be Having Difficulty Using Its Capital Effectively

May 28
Vitec Software Group (STO:VIT B) Might Be Having Difficulty Using Its Capital Effectively

CEO Compensation Analysis

How has Olle Backman's remuneration changed compared to Vitec Software Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

kr339m

Sep 30 2023n/an/a

kr327m

Jun 30 2023n/an/a

kr304m

Mar 31 2023n/an/a

kr260m

Dec 31 2022kr5mkr4m

kr245m

Sep 30 2022n/an/a

kr233m

Jun 30 2022n/an/a

kr221m

Mar 31 2022n/an/a

kr229m

Dec 31 2021kr4mkr3m

kr207m

Compensation vs Market: Olle's total compensation ($USD449.53K) is below average for companies of similar size in the Swedish market ($USD838.01K).

Compensation vs Earnings: Olle's compensation has been consistent with company performance over the past year.


CEO

Olle Backman (54 yo)

2.9yrs

Tenure

kr4,671,000

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

NamePositionTenureCompensationOwnership
Lars Stenlund
Founder & Chairman of the Board2.9yrskr600.00k3.68%
SEK 734.7m
Olle Backman
CEO, President & Director2.9yrskr4.67mno data
Sara Nilsson
Chief Financial Officer2.9yrsno datano data
Gert Gustafsson
Chief Operating Officer4yrsno data0.050%
SEK 10.0m
Jerker Vallbo
CIO & CTOno datano data1.94%
SEK 387.9m
Patrik Fransson
Investor Relations Officer7.1yrsno datano data
Anna Andersson
Head of Human Resources2.8yrsno datano data
Anna-Karin Nilsson
Head of Brand2.8yrsno datano data
Ales Zobec
Head of M&A2.8yrsno datano data
Kjell Hedstrom
Controllerno datano datano data
Richard Larsson
Chief Executive Officer of Software for Estate Agents - Swedenno datano datano data
Janne Vainio
Chief Executive Officer of Vitec Acute8yrsno datano data

2.9yrs

Average Tenure

54yo

Average Age

Experienced Management: VIT B's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lars Stenlund
Founder & Chairman of the Board2.9yrskr600.00k3.68%
SEK 734.7m
Olle Backman
CEO, President & Director3.2yrskr4.67mno data
Birgitta Johansson-Hedberg
Independent Director13.2yrskr210.00k0.020%
SEK 4.0m
Kaj Sandart
Independent Director26.2yrskr210.00k0.28%
SEK 55.9m
Malin Ruijsenaars
Independent Directorless than a yearno datano data
Jan Friedman
Independent Director14.2yrskr210.00k0.037%
SEK 7.4m
Anna Valtonen
Independent Director11.8yrskr210.00kno data

11.8yrs

Average Tenure

65yo

Average Age

Experienced Board: VIT B's board of directors are seasoned and experienced ( 11.8 years average tenure).


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