Vitec Software Group AB (publ)
STO:VIT B
Vitec Software Group AB (publ)
Net Income
Vitec Software Group AB (publ)
Net Income Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Net Income | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Vitec Software Group AB (publ)
STO:VIT B
|
Net Income
kr697.4m
|
CAGR 3-Years
35%
|
CAGR 5-Years
37%
|
CAGR 10-Years
N/A
|
|
|
Sinch AB (publ)
STO:SINCH
|
Net Income
-kr6.2B
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
BYGGFAKTA GROUP Nordic HoldCo AB
STO:BFG
|
Net Income
kr294m
|
CAGR 3-Years
54%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Lime Technologies AB (publ)
STO:LIME
|
Net Income
kr134.3m
|
CAGR 3-Years
21%
|
CAGR 5-Years
21%
|
CAGR 10-Years
N/A
|
|
|
Truecaller AB
STO:TRUE B
|
Net Income
kr698.9m
|
CAGR 3-Years
33%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Fortnox AB
STO:FNOX
|
Net Income
kr889m
|
CAGR 3-Years
42%
|
CAGR 5-Years
39%
|
CAGR 10-Years
N/A
|
|
Vitec Software Group AB (publ)
Glance View
Vitec Software Group AB (publ) stands as an intriguing exemplar within the Nordic IT sector, representing a unique narrative of growth through strategic specialization. Born in Sweden, the company has adeptly navigated through the bustling world of enterprise software by focusing on niche markets that are vital but often underserved. Unlike tech behemoths that offer all-encompassing solutions, Vitec has carved out its success by honing in on vertical market software. These tailored solutions span diverse industries such as healthcare, real estate, automotive, and education, each demanding specific functionalities and intricate systems that off-the-shelf products typically fail to address. The company's revenue model revolves around its stable of subscription-based services, an approach that not only ensures a steady stream of income but also fosters long-term client relationships. This model accentuates a commitment to evolving with their clients' needs through regular updates and essential support services. By embedding themselves deeply into the operational fabric of their clients’ businesses, Vitec becomes integral to their day-to-day functions, thus significantly decreasing customer churn. This strategic orientation toward recurring revenue rather than one-time sales creates predictability in financial performance—an appealing characteristic in the volatile tech landscape. In essence, Vitec's journey demonstrates not just technological acumen, but a disciplined business strategy that prioritizes sustainable growth and resiliency.
See Also
What is Vitec Software Group AB (publ)'s Net Income?
Net Income
697.4m
SEK
Based on the financial report for Dec 31, 2024, Vitec Software Group AB (publ)'s Net Income amounts to 697.4m SEK.
What is Vitec Software Group AB (publ)'s Net Income growth rate?
Net Income CAGR 5Y
37%
Over the last year, the Net Income growth was 18%. The average annual Net Income growth rates for Vitec Software Group AB (publ) have been 35% over the past three years , 37% over the past five years .
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