Vitec Software Group AB (publ)

OM:VIT B Stock Report

Market Cap: SEK 15.4b

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 4.25 years. total yearly compensation is SEK5.81M, comprised of 87.1% salary and 12.9% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth SEK16.64M. The average tenure of the management team and the board of directors is 4.2 years and 13.2 years respectively.

Key information

Olle Backman

Chief executive officer

SEK 5.8m

Total compensation

CEO salary percentage87.13%
CEO tenure4.3yrs
CEO ownership0.1%
Management average tenure4.2yrs
Board average tenure13.2yrs

Recent management updates

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

Recent updates

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)
author-image

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

CEO Compensation Analysis

How has Olle Backman's remuneration changed compared to Vitec Software Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

SEK 393m

Mar 31 2025n/an/a

SEK 408m

Dec 31 2024SEK 6mSEK 5m

SEK 410m

Sep 30 2024n/an/a

SEK 393m

Jun 30 2024n/an/a

SEK 370m

Mar 31 2024n/an/a

SEK 348m

Dec 31 2023SEK 5mSEK 5m

SEK 339m

Sep 30 2023n/an/a

SEK 327m

Jun 30 2023n/an/a

SEK 304m

Mar 31 2023n/an/a

SEK 260m

Dec 31 2022SEK 5mSEK 4m

SEK 245m

Sep 30 2022n/an/a

SEK 233m

Jun 30 2022n/an/a

SEK 221m

Mar 31 2022n/an/a

SEK 229m

Dec 31 2021SEK 4mSEK 3m

SEK 207m

Compensation vs Market: Olle's total compensation ($USD610.53K) is below average for companies of similar size in the Swedish market ($USD1.14M).

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

CEO

Olle Backman (56 yo)

4.3yrs
Tenure
SEK 5,810,000
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 Board4.3yrsSEK 680.00k3.4%
SEK 523.8m
Olle Backman
CEO, President & Director4.3yrsSEK 5.81m0.11%
SEK 16.6m
Peter Lidström
Chief Financial Officerless than a yearno datano data
Gert Gustafsson
Chief Operating Officer5.3yrsno data0.041%
SEK 6.3m
Jerker Vallbo
CIO & CTOno datano data1.43%
SEK 220.0m
Patrik Fransson
Head of Investor Relations8.4yrsno datano data
Anna Andersson
Head of Human Resources4.1yrsno data0.0080%
SEK 1.2m
Anna-Karin Nilsson
Head of Brand4.1yrsno data0.0030%
SEK 461.9k
Ales Zobec
Head of M&A4.1yrsno data0.032%
SEK 4.9m
Richard Larsson
Chief Executive Officer of Software for Estate Agents - Swedenno datano datano data
Janne Vainio
Chief Executive Officer of Vitec Acute9.3yrsno datano data
Tom Theodorsen
Chief Executive Officer of Vitec HK Datano datano datano data
4.2yrs
Average Tenure
57yo
Average Age

Experienced Management: VIT B's management team is considered experienced (4.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Lars Stenlund
Founder & Chairman of the Board4.3yrsSEK 680.00k3.4%
SEK 523.8m
Olle Backman
CEO, President & Director4.5yrsSEK 5.81m0.11%
SEK 16.6m
Birgitta Johansson-Hedberg
Independent Director14.5yrsSEK 240.00k0.019%
SEK 2.9m
Kaj Sandart
Independent Director27.5yrsSEK 240.00k0.26%
SEK 40.6m
Malin Ruijsenaars
Independent Director2.3yrsSEK 240.00kno data
Jan Friedman
Independent Director15.5yrsSEK 240.00k0.043%
SEK 6.6m
Anna Valtonen
Independent Director13.2yrsSEK 240.00kno data
13.2yrs
Average Tenure
67yo
Average Age

Experienced Board: VIT B's board of directors are seasoned and experienced ( 13.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/27 00:56
End of Day Share Price 2025/07/25 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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
null nullDanske Bank