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 3.58 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 SEK20.74M. The average tenure of the management team and the board of directors is 3.4 years and 12.5 years respectively.

Key information

Olle Backman

Chief executive officer

SEK 5.0m

Total compensation

CEO salary percentage	89.5%
CEO tenure	3.6yrs
CEO ownership	0.1%
Management average tenure	3.4yrs
Board average tenure	12.5yrs

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

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

Sep 28

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

Aug 17

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

Aug 01

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

May 08

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

Apr 23

CEO Compensation Analysis

How has Olle Backman's remuneration changed compared to Vitec Software Group's earnings?
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 ($USD470.45K) is below average for companies of similar size in the Swedish market ($USD918.20K).

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

CEO

Olle Backman (55 yo)

3.6yrs

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
Lars Stenlund	Founder & Chairman of the Board	3.6yrs	SEK 613.00k	3.41% SEK 648.6m
Olle Backman	CEO, President & Director	3.6yrs	SEK 5.04m	0.11% SEK 20.3m
Peter Lidström	Chief Financial Officer	less than a year	no data	no data
Gert Gustafsson	Chief Operating Officer	4.7yrs	no data	0.040% SEK 7.6m
Jerker Vallbo	CIO & CTO	no data	no data	1.43% SEK 272.4m
Patrik Fransson	Investor Relations Officer	7.8yrs	no data	no data
Anna Andersson	Head of Human Resources	3.4yrs	no data	0.0080% SEK 1.5m
Sara Nilsson	Head of Group Reporting & Controlling	less than a year	no data	0.017% SEK 3.2m
Anna-Karin Nilsson	Head of Brand	3.4yrs	no data	0.0030% SEK 571.4k
Ales Zobec	Head of M&A	3.4yrs	no data	0.032% SEK 6.1m
Richard Larsson	Chief Executive Officer of Software for Estate Agents - Sweden	no data	no data	no data
Janne Vainio	Chief Executive Officer of Vitec Acute	8.7yrs	no data	no data

3.4yrs

Average Tenure

55yo

Average Age

Experienced Management: VIT B's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lars Stenlund	Founder & Chairman of the Board	3.6yrs	SEK 613.00k	3.41% SEK 648.6m
Olle Backman	CEO, President & Director	3.8yrs	SEK 5.04m	0.11% SEK 20.3m
Birgitta Johansson-Hedberg	Independent Director	13.8yrs	SEK 217.00k	0.019% SEK 3.6m
Kaj Sandart	Independent Director	26.8yrs	SEK 217.00k	0.26% SEK 50.3m
Malin Ruijsenaars	Independent Director	1.6yrs	SEK 147.00k	no data
Jan Friedman	Independent Director	14.8yrs	SEK 217.00k	0.043% SEK 8.1m
Anna Valtonen	Independent Director	12.5yrs	SEK 217.00k	no data

12.5yrs

Average Tenure

66yo

Average Age

Experienced Board: VIT B's board of directors are seasoned and experienced ( 12.5 years average tenure).

Vitec Software Group Management

Management criteria checks 4/4

Key information

Recent management updates

Vitec Software Group AB (publ) Announces Nomination Committee for 2025 Annual General Meeting

Chief Operating Officer recently sold kr2.6m worth of stock

CEO, President & Director recently bought kr252k worth of stock

Chief Financial Officer recently bought kr708k worth of stock

CEO, President & Director exercised options to buy kr878k worth of stock.

Vitec Software Group AB (Publ) Appoints Peter Lidström as Chief Financial Officer ,Effective September 1, 2024

Recent updates

Vitec Software Group AB (publ) (OM:VIT B) acquired OLYSLAGER B.V.

Vitec Software Group AB (publ) Announces Nomination Committee for 2025 Annual General Meeting

New minor risk - Shareholder dilution

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Vitec Software Group AB (publ) to Report Q3, 2025 Results on Oct 16, 2025

New minor risk - Shareholder dilution

Dividend of kr0.75 announced

Upcoming dividend of kr0.75 per share

Chief Operating Officer recently sold kr2.6m worth of stock

Vitec Software Group AB (publ) (OM:VIT B) acquired an unknown majority stake in Trinergy Sprl.

Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of an unknown majority stake in Taxiteknik Nordic Ab.

Now 21% overvalued after recent price rise

CEO, President & Director recently bought kr252k worth of stock

Chief Financial Officer recently bought kr708k worth of stock

CEO, President & Director exercised options to buy kr878k worth of stock.

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Dividend of kr0.75 announced

Upcoming dividend of kr0.75 per share

Price target decreased by 12% to kr503

Vitec Software Group AB (Publ) Appoints Peter Lidström as Chief Financial Officer ,Effective September 1, 2024

Insufficient new directors

Vitec Software Group AB (Publ) Approves Dividend

First quarter 2024 earnings: Revenues miss analyst expectations

Dividend of kr0.75 announced

Independent Director recently sold kr271k worth of stock

Upcoming dividend of kr0.57 per share

Independent Director recently sold kr272k worth of stock

Independent Director recently sold kr560k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

Vitec Software Group AB (publ) to Report First Half, 2024 Results on Jul 12, 2024

Upcoming dividend of kr0.57 per share at 0.4% yield

Independent Director recently sold kr3.7m worth of stock

Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of Codea Oy.

Vitec Software Group AB (publ), Annual General Meeting, Apr 23, 2024

New minor risk - Financial position

Third quarter 2023 earnings: EPS misses analyst expectations

Vitec Software Group AB (publ) (OM:VIT B) acquired Picturae Ict B.V.

Vitec Software Group AB (publ) (OM:VIT B) acquired Picturae Ict B.V.

Chief Operating Officer exercised options to buy kr2.1m worth of stock.

Vitec Software Group AB (publ) (OM:VIT B) agreed to acquire Codea.

Upcoming dividend of kr0.57 per share at 0.4% yield

Vitec Software Group AB (publ) completed the acquisition of Neagen Oy.

Independent Director recently sold kr1.2m worth of stock

Consensus EPS estimates increase by 11%

Second quarter 2023 earnings: Revenues exceed analyst expectations

Upcoming dividend of kr0.57 per share at 0.4% yield

Vitec Software Group AB (publ) entered into an agreement to acquire Neagen Oy.

Vitec Software Group AB (publ) (OM:VIT B) acquired Entry Event Sweden Ab.

Independent Director recently sold kr220k worth of stock

Vitec Software Group AB (publ) (OM:VIT B) acquired DL Systems.

First quarter 2023 earnings: Revenues exceed analyst expectations

Independent Director recently bought kr504k worth of stock

Upcoming dividend of kr0.50 per share at 0.5% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Vitec Software Group AB (publ) to Report Fiscal Year 2023 Results on Feb 01, 2024

Vitec Software Group AB (Publ) Announces That Board Member Crister Stjernfelt Has Passed Away

An unknown buyer acquired an unknown stake in Vitec Software Group AB (publ) (OM : VIT B) from Lars Stenlund for SEK 79.6 million.

Upcoming dividend of kr0.50 per share

Independent Director recently bought kr208k worth of stock

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

Price target increased to kr493

Vitec Software Group AB (publ), Annual General Meeting, Apr 25, 2023

Price target increased to kr468

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Vitec Software Group AB (publ) (OM:VIT B) acquired Oy Raisoft Ltd.

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

Investor sentiment deteriorated over the past week

Upcoming dividend of kr0.50 per share

Vitec Software Group AB (publ) (OM : VIT B) acquired Scanrate Financial Systems A/S.