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Last kr289.00 SEK
Change Today -4.50 / -1.53%
Volume 1.2K
As of 11:32 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

vitec software group ab-b sh (VITB) Snapshot

Open
kr290.00
Previous Close
kr293.50
Day High
kr293.50
Day Low
kr289.00
52 Week High
08/17/15 - kr320.00
52 Week Low
10/13/14 - kr120.50
Market Cap
1.7B
Average Volume 10 Days
4.9K
EPS TTM
kr11.01
Shares Outstanding
5.1M
EX-Date
05/7/15
P/E TM
26.2x
Dividend
kr3.35
Dividend Yield
1.16%
Current Stock Chart for VITEC SOFTWARE GROUP AB-B SH (VITB)

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vitec software group ab-b sh (VITB) Details

Vitec Software Group AB, a software company, provides industry-specific business systems in the Nordic countries. It offers software solutions, and consulting and support services. The company provides software products for real estate companies, real estate agents, and newspaper companies; ERP products for banks, insurance companies, estate agents, newspaper companies, and retail businesses, as well as automotive sector; electronic medical record systems for health sector; forecasting, simulation, and geographical information systems for energy businesses; and mortgage and pension calculations for banks and insurance companies. The company was founded in 1985 and is based in Umeå, Sweden.

470 Employees
Last Reported Date: 07/13/15
Founded in 1985

vitec software group ab-b sh (VITB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: kr2.0M
Compensation as of Fiscal Year 2014.

vitec software group ab-b sh (VITB) Key Developments

VITEC Introduces First Portable HEVC Encode/Decode Solution to European Market at IBC2015

VITEC announced the European debut of its portable, end-to-end HEVC encoding/decoding solution. Comprised of VITEC’s MGW Ace — the world's first portable HEVC (H.265) hardware encoder — and MGW D265 portable HEVC IP decoder, with built-in ProMPEG FEC and Zixi Error Correction technologies, the solution enables the delivery of secure, error-free video on dedicated and public networks while dramatically reducing bandwidth requirements compared to legacy H.264 systems. The MGW Ace boasts a real-time H.265 4:2:0 and 4:2:2 hardware compression chip for streaming broadcast-quality video up 1080p. Input interfaces include 3G, HD/SD-SDI, HDMI, DVI and Composite. The unit is also the first HEVC hardware encoder to feature intelligence, surveillance and reconnaissance (ISR) metadata processing with KLV and STANAG support conforming to MISB and NATO requirements. A secondary MPEG-4 H.264 chip provides support for legacy decoders and proxy streaming. The included Pro-MPEG and Zixi technologies offer one-way and two-way Error Correction protocols for broadcasting artifacts-free over public networks securely and reliably. Complementing the MGW Ace is the MGW D265, a high-performance IP decoding appliance with a compact footprint, best-in-class connectivity options, and low delay processing. MGW D265 uses advanced hardware to deliver a real-time, broadcast-quality picture with the high quality of service and resilience required in complex IPTV and full-motion-video environments. MGW D265 offers all typical video output interfaces, including HD-SDI, SD-SDI, HDMI. With integrated Zixi receiver technology it is the ideal decoding mate for MGW Ace encoder. VITEC’s turn-key HEVC solution delivers bandwidth-efficient H.265 streams for broadcasters, corporate IT, military units and government agencies to reduce operating expenses (OPEX) and extend the reach of video services to remote destinations with bandwidth constraints. VITEC will demonstrate the MGW Ace and MGW D265 at IBC2015 on stand 7.G16. More information on VITEC’s full line of products is available at www.vitec.com.

HusmanHagberg Chooses Vitec Express

Vitec has signed a three-year contract with the HusmanHagberg real estate broker chain to provide the cloud-based real estate broker system Vitec Express. HusmanHagberg has been evaluating the system in operation since spring 2015 and has found that the system meets the demands that the chain makes of a modern business support system.

Vitec Software Group AB Reports Un-Audited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Vitec Software Group AB reported un-audited consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the consolidated company reported net sales of SEK 152.7 million against SEK 116.7 million a year ago. Profit before tax was SEK 22.2 million against SEK 12.4 million a year ago. Cash flow from operations was SEK 25.8 million against SEK 26.2 million a year ago. Operating profit amounted to SEK 23.5 million against SEK 13.4 million a year ago. Profit after tax amounted to SEK 16.7 million against SEK 10.1 million a year ago. Profit for the period attributable to shareholders of the parent company was SEK 16.655 million or SEK 2.80 per share after dilution against SEK 10.136 million or SEK 1.75 per share after dilution a year ago. Acquisition of intangible assets and capitalized development costs was SEK 17.385 million against SEK 11.259 million a year ago. Acquisition of tangible assets was SEK 2.837 million against SEK 2.674 million a year ago. For the six months, the consolidated company reported net sales of SEK 296.1 million against SEK 217.6 million a year ago. Profit before tax was SEK 43.8 million against SEK 24.3 million a year ago. Cash flow from operations was SEK 99.4 million against SEK 90.5 million a year ago. Operating profit amounted to SEK 46.7 million against SEK 25.9 million a year ago. Profit after tax amounted to SEK 33.9 million against SEK 18.5 million a year ago. Profit for the period attributable to shareholders of the parent company was SEK 33.900 million or SEK 5.72 per share after dilution against SEK 18.513 million or SEK 3.25 per share after dilution a year ago. Acquisition of intangible assets and capitalized development costs was SEK 35.002 million against SEK 21.171 million a year ago. Acquisition of tangible assets was SEK 5.395 million against SEK 4.324 million a year ago. Return on equity was 28% compared to 18% in the last year. For the quarter, the parent company reported net sales of SEK 21.088 million against SEK 12.691 million a year ago. Operating result was SEK 4.182 million against operating loss of SEK 5.376 million a year ago. Profit before tax was SEK 2.941 million against loss before tax of SEK 6.426 million a year ago. Net profit was SEK 2.294 million against net loss of SEK 6.426 million a year ago. For the six months, the parent company reported net sales of SEK 43.515 million against SEK 24.398 million a year ago. Operating result was SEK 10.664 million against operating loss of SEK 5.450 million a year ago. Profit before tax was SEK 7.899 million against loss before tax of SEK 7.080 million a year ago. Net profit was SEK 6.161 million against net loss of SEK 7.080 million a year ago.

 

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Valuation VITB Industry Range
Price/Earnings 26.9x
Price/Sales 2.7x
Price/Book 7.0x
Price/Cash Flow 11.6x
TEV/Sales 1.9x
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