In conjunction with the closing of Vitec’s books for the year-end, the company surpassed two significant levels: SEK 1,000 million in sales and SEK 100 million in profit before tax.
“Ten years ago, we passed the SEK 100-million milestone in sales and the SEK 10-million mark in profits. Our performance has been developing well and our business model has proven to be robust,” Lars Stenlund, CEO, says.
“Supported by our acquisition of well-established companies and a high and increasing percentage of recurring revenues, Vitec will stay its course – to be a vertical software company with excellent risk diversification, as well as sustainable and profitable growth. And we also increase dividends for the 17th consecutive year,” Lars Stenlund says.