Vitec Software Group AB (publ)

Stockholm Stock Exchange VIT-B.ST

Vitec Software Group AB (publ) Operating Cash Flow for the year ending December 31, 2023: USD 70.91 M

Vitec Software Group AB (publ) Operating Cash Flow is USD 70.91 M for the year ending December 31, 2023, a 31.79% change year over year. Operating cash flow is cash generated from the company’s regular business operations.

Vitec Software Group AB (publ) Operating Cash Flow for the year ending December 31, 2022 was USD 53.80 M, a 0.13% change year over year.
Vitec Software Group AB (publ) Operating Cash Flow for the year ending December 31, 2021 was USD 53.73 M, a 1.60% change year over year.
Vitec Software Group AB (publ) Operating Cash Flow for the year ending December 31, 2020 was USD 52.88 M, a 75.48% change year over year.
Vitec Software Group AB (publ) Operating Cash Flow for the year ending December 31, 2019 was USD 30.14 M, a 35.90% change year over year.

Key data

Date	Operating Cash Flow	Net Cash Used For Investing Activities	Net Cash Used Provided By Financing Activities	Dividends Paid

Stockholm Stock Exchange: VIT-B.ST

Vitec Software Group AB (publ)

CEO	Mr. Olle Backman
IPO Date	Oct. 4, 2004
Location	Sweden
Headquarters	TvistevAegen 47A
Employees	1,570
Sector	Technology
Industries Software-as-a-Service (SaaS) Big Data Database Enterprise Resource Planning (ERP) Fintech Insurance Software & Operating Systems Utilities

Description

Vitec Software Group AB (publ) develops and delivers vertical market software in Sweden, Denmark, Finland, Norway, and internationally. The company offers software for municipal culture and recreation administration offices, as well as other visitor facilities; healthcare companies; church activities; banking and finance industry; information management within the process industry and energy companies; social services sector; automotive, transportation, and machinery industry; local associations and national organizations; construction and property management industry; pharmacy market; car dealers and auto repair shops; electricity traders, and owners of electricity and district heating grids; hair and beauty salons; and welfare sectors. It also provides software for preschools; real estate agents; education sector; golf courses; liability insurance companies; building and facility management; private and municipal waste and resource processing; media companies; and insurance companies. Vitec Software Group AB (publ) was incorporated in 1985 and is headquartered in Umeå, Sweden.

Key trends

Past 5 years