Vitec software group ab publ operates in the prepackaged software sector. Well look at vitec software group ab publ s pe ratio and reflect on what it tells us about the companys share price. Vitec software group ab publ has on july 1 agreed to acquire 100 % of the danish software company datamann as, whose main product is an industryspecific software for the danish car industry. The company, with operations in sweden, norway, finland and denmark is growing in the mature part of the software industry by consolidating vertical software segments. The software company lj system has its headquarters in lund, sweden, and offers products for churchrelated administration services and preschools. Jan 30, 2020 vitec acquires danish software company visiolink thu, jan 30, 2020 11. Vitec software group ab company announcement vitec acquires nice norwegian insurance computer environment as nice as vitec software group ab publ has on december 7 agreed to acquire 100 % of the norwegian software company nice as, whose product is an industryspecific software for insurance companies in norway, denmark and sweden. Vitec is market leader for vertical market software in the nordic region. The brokerage area offers software for real estate brokers. Jan 31, 2020 to keep the lesson grounded in practicality, well use roe to better understand vitec software group ab publ. Vitec software group ab publ agreed july 6 to acquire 100% of the shares of the danish software company mvnordic as whose product is an industry.
The companys offer consists of software solutions, consulting. Lars stenlund, ceo for more information, please contact. Hannes snellman counsel to vitec software group ab publ in. Vitec acquires nice norwegian insurance computer environment. Sales for the financial year 2014 where 29,5 million dkk with approximately 70 % recurring revenue and ebitda of 4,3 million dkk. Vitec acquires the swedish software company lj system cision. This information is information that vitec software group ab publ is obligated to make public pursuant to the eu market abuse regulation. While this analysis focuses on total compensation, its worth noting the salary is lower, valued at kr2. The company is under the mid cap list with the ticker symbol, vit b and a trading lot that comprises one share. Our goal is that the dividend should be at least a third of the result. Vitec software group ab publ is strengthening its nordic position in vertical market software on march 17 by acquiring all shares in the. Vitec postpones the annual general meeting to june 2020. Vitec software group ab publ is a software company that offers industry specific business applications on the nordic market.
Apr 09, 2018 vitec software group ab publ has on april 9 agreed to acquire all shares in the swedish software company pp7 affarssystem ab. Vit b track record of past performance is a useful exercise for. Hannes snellmans core team included claes kjellberg, johanna warnberg, and ebba almen. Growth expectations for vitec software group ab publ are high, but many investors are starting to ask whether its last close at sek can still be rationalized by the future potential. Vit b stock increased significantly by 18% over the past month. Vi udvikler virksomhedskritisk software til specifikke branchers unikke behov vertical market software. Check out our latest analysis for vitec software group. To see the people who are insiders of vitec software group ab publ, corporate identity number 5562584804, and the latest transactions we refer to the financial supervisory transparency page. Lets take a look at some key metrics to determine whether theres any value here for.
On may 8 today, vitec software group ab publ will be strengthening its position in the nordic market for vertical software, through the acquisition of all shares in the norwegian software company, web. Taking a look at vitec software group ab publs sto. Vitec software group ab publ has on march 2 agreed to acquire 100% stake in the software company fox publish as and its swedish sister company adservice ab. L stock quote, history, news and other vital information to help you with your stock trading and investing. Vitec software group ab publ is strengthening its nordic position in vertical market software through the acquisition on april 22, of all shares in the swedish software company lj system ab. Vitec software group ab acquires mvnordic as stratema norway. Calculating the fair value of vitec software group ab. Vitec software group ab publ se00078763 borse berlin. The vitec software group ab publ share price has had a bad week, falling 16%. Get india stock market quotes, stock quote news india, latest share prices for vitb. The two companies offer a publishing system for real estate agents. Vit b and reflect on its potential as an investment. Stockholmsborsen realtime stock quotes, news and financial information from cnbc.
Free forex prices, toplists, indices and lots more. As a longterm investor, i find it useful to analyze the companys trend over time in order to estimate whether or not the company is able to meet its. Vitec acquires danish software company visiolink thu, jan 30, 2020 11. Vitec software group ab publ vit b company profile.
Has agreed to buy 100 percent of shares in finnish software company futursoft oy payment is in cash at closing. But that doesnt change the fact that the returns over the last half decade have been spectacular. Jimmy vikberg economist at vitec software group ab publ umea, sweden computer software. Vitec software group ab publ is once again strengthening its nordic position in vertical market software through the acquisition on january 30, of all shares in the danish software company visiolink management aps with subsidiaries, which together have about 200 customers all over europe. P 500 eurostoxx 50 hang seng index comparison with. It enables us to understand whether or not the company has met or.
Vitec software group ab publ has around 800 employees and offices in denmark, finland, norway, and sweden. We grow through acquisitions of wellmanaged software companies. Vitec acquires the software company odin systemer as wed, jun 12, 2019. This information is information that vitec software group ab publ. Visiolink offers a publishing system for digital versions of print media, such as newspapers, with a. The head office and major part of the group management team is still located in umea. Measuring vitec software group ab publ s track record of past performance is a useful exercise for investors. Since the market usually pay for a companys longterm fundamentals, we decided to study the companys key performance indicators to see if they could be influencing the market. How far off is vitec software group ab publ from its intrinsic value. Vitec software group ab publ is strengthening its nordic position in vertical market software on march 17 by acquiring all carner advises aller media oy in the sale of suomi24 to city digital group. The customers consist of companies, municipalities, counties and voluntary organizations. Many would consider this to indicate that the pay is modest since the business is growing.
Shareholders of vitec has every year since 2003 received dividends. Key developmentsvitec software group ab publ company. Hannes snellman counsel to vitec software group ab publ. Most readers would already be aware that vitec software groups sto. In particular, well consider its return on capital employed roce, asread more. The real estate area offers software for property managers. Vitec software group ab publ is strengthening its nordic position in vertical market software through the acquisition on april 22, of all shares in the swedish. Vitec acquires the software company hk data as vitec. Briefvitec software buys futursoft oy in finland reuters.
Mar 15, 2017 shareholders of vitec software group ab publ, 5562584804, are invited to participate in the annual general meeting to be held on tuesday, april 25, 2017 at 5. Vitec acquires danish software company visiolink vitec. To keep the lesson grounded in practicality, well use roe to better understand vitec software group ab publ. About vitec vitec is market leader for vertical market software in the nordic region.
The companys product is aimed for parishes in finland. The oldest executive at vitec software group ab publ is crister stjernfelt, 76, who is the independent chairman of the board. It enables us to understand whether or not the company has met or exceed expectations. A rising share price has us looking closely at vitec software group ab publ. Today i will examine vitec software group ab publ s latest earnings update 31 december 2019 and compare these figures against its performance over the past couple of years, in addition to how the rest of vit bs industry performed. I dag har koncernen 800 medarbejdere fordelt i norden og. Using the most recent financial data, well take a look at whether the stock is fairly priced by taking the expected future.
The auto segment offers software for the automotive and machinery sectors. Vitec acquires the software company wims wed, may 08, 2019 10. Carner is a leading corporate finance advisory firm carner. The products are aimed at the welfare and health sector in norway. Apr 29, 2020 measuring vitec software group ab publ s track record of past performance is a useful exercise for investors. Vitec was established in 1985 as a spinoff company from the university of umea. Vitec software group ab publ is a swedenbased company that produces software products. On june 12 today, vitec software group ab publ will be strengthening its position in the nordic market for vertical market software, through the acquisition of all shares in the norwegian software. Patrik fransson, ir, vitec software group ab publ mobile. Apr 04, 2019 vitec software group ab publ s most recent earnings update in december 2018 signalled that the company benefited from a strong tailwind, eventuating to a doubledigit earnings growth of 22%. The company develops software for the construction and installation. The companys offer consists of software solutions, consulting services and support services. Vitec acquires the software company alma consulting oy.
Vitec software group ab publ is currently paying its ceo below what is normal for companies of its size. Shareholders of vitec software group ab publ, 5562584804, are invited to participate in the annual general meeting to be held on tuesday, april 25, 2017 at 5. Since the market usually pay for a companys longterm fundamentals. Vitec acquires the software company hk data as tue, dec 17, 2019 10. Vitec software group ab publ tvistevagen 47a 907 29 umea sweden. Today well look at vitec software group ab publ sto. I dag har koncernen 800 medarbejdere fordelt i norden og omsatte for sek 1 156 mio. The information was submitted for publication, through the agency of the contact persons set out below, at 08. Welcome to vitec software groups annual general meeting 2017. Today the group has 800 employees and had 2019 a turnover of sek 1,156 million. Vitec software group ab company announcement vitec acquires datamann as in denmark vitec software group ab publ has on july 1 agreed to acquire 100 % of the danish software company datamann as, whose main product is an industryspecific software for the danish car industry.
Vitec acquires the software company wims vitec software. Vitec acquires the software company odin systemer as. Jimmy vikberg accountant vitec software group ab publ. Sto financials, including income statements, growth rates, balance sheets and cash flow information. At the time of writing, our data says that vitec software group ab publ has a market cap of kr6. In addition to historical fundamental analyses, the complete report available to purchase compares vitec software group ab publ with three other companies in this sector in sweden. Apr 01, 2020 lars stenlund is 61, hes been the chief executive officer of vitec software ab publ since 2017. Vitec software group ab publ is active within vertical market software in the nordic region. Below, ive presented key growth figures on how market analysts predict vitec software groups earnings growth trajectory over the next few years and. Vit b shares have continued recent momentum with a 30% gain in the last month alone. Sep 07, 2016 sept 7 reuters vitec software group ab publ.
There are 5 older and 4 younger executives at vitec software ab publ. Consistent strategy provides continued profitable growth. Vitec software group ab publ strengthens its nordic position in vertical market software by acquiring all shares in the norwegian software company hk data as on december 17. Please complete the form below to subscribe to press releases and reports by email. Vitec software group ab publ is strengthening its nordic position in vertical market software. Company profile for vitec software group ab publ reuters india.
That is equivalent to an earnings yield of about 2. It seems insiders own a significant proportion of vitec software group ab publ. Vitec grows through acquisitions of wellmanaged and well. Sto share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. Virksomheden blev grundlagt i 1985 som en spinoff virksomhed fra umea universitet.
Vitec software group ab publ is strengthening its nordic position in vertical market software on march 17 by acquiring all shares in the finnish software company alma consulting oy. Simply wall st may 1, 2020 most readers would already be aware that vitec software group s sto. Over the last twelve months vitec software group has recorded a roe of 15%. Vitec software group ab publ, a software company, provides vertical market software in the nordic and baltic countries, the rest of europe, and the middle east. Vitec software ab publ share price vit b share price. Jul 01, 2015 vitec software group ab publ has on july 1 agreed to acquire 100 % of the danish software company datamann as, whose main product is an industryspecific software for the danish car industry. The strong history of shareholder returns might even have some thinking that lars stenlund deserves a raise.
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