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Last kr233.00 SEK
Change Today +3.00 / 1.30%
Volume 2.0K
VITB On Other Exchanges
As of 11:30 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

vitec software group ab-b sh (VITB) Snapshot

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05/25/15 - kr233.00
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06/26/14 - kr105.00
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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.

400 Employees
Last Reported Date: 05/6/15
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 Software Group AB Proposes Dividend for the First Quarter of 2015

Vitec Software Group AB proposed dividend amounts to SEK 3.35 per share, totaling SEK 19.7 million for the first quarter of 2015.

Vitec Software Group AB Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015

Vitec Software Group AB reported consolidated and parent earnings results for the first quarter ended March 31, 2015. For the period, the company has posted consolidated net sales of SEK 143.4 million against SEK 101.0 million a year ago. Profit before tax was SEK 21.6 million against SEK 12.0 million a year ago. Earnings per share before dilution were SEK 2.93 million against SEK 1.58 million a year ago. Cash flow from operations was SEK 73.5 million against SEK 64.3 million a year ago. Profit shareholders of the parent company were SEK 17.24 million against SEK 8.377 million a year ago. Acquisition of subsidiaries was SEK 14.39 million against SEK 29.99 million a year ago. Acquisition of intangible assets and capitalized development costs was SEK 17.61 million against SEK 9.91 million a year ago. For the quarter, net sales amounted to SEK 22.4 million against SEK 11.7 million and consisted primarily of sales to subsidiaries for services rendered. Profit after tax amounted to SEK 3.9 million against loss after tax of SEK 0.7 million a year ago. Operating results was SEK 6.48 million against operating loss of SEK 0.07 million a year ago. PBT was 4.95 million against LBT of SEK 0.654 million a year ago.

Vitec to Unveil World’S First Portable HEVC Encoder and IPTV Solutions at 2015 NAB Show

VITEC to exhibit exciting new products and its professional-grade video technologies at the 2015 NAB Show, April 13-16 in the Las Vegas Convention Center. Visitors to VITEC’s booth SL6305 can also register for a chance to win a GoPro camera. The VITEC booth will feature live demonstrations of the company’s innovative, advanced video products including: PORTABLE HEVC ENCODER: VITEC introduced MGW Ace — the first 100% hardware-based HEVC appliance for encoding and streaming. MGW Ace is a portable, compact appliance featuring HEVC/H.265 bandwidth-efficient compression as well as legacy H.264 capabilities. Its wide selection of I/Os and low power consumption using VITEC’s HEVC compression chip make it a perfect solution for streaming video, audio, and KLV metadata while in the field and on the move. IPTV AND BROADCAST MONITORING SOLUTION: VITEC’s award-winning EZ TV IPTV system is now equipped with a new add-on for IPTV and Broadcast Monitoring. EZ TV offers real-time video analysis and statistical tools to monitor, log, and generate performance report for all IPTV streams. The new EZ TV add-on complements any IPTV deployment with quality and compliance dashboards and alerts ensuring video, audio, and metadata services are delivered reliably to users. ZERO DELAY STREAMING: MGW Sprint is the world's fastest MPEG-4 H.264 HD codec. This professional-grade IPTV appliance, with the ability to encode and decode in under 10 milliseconds, can stream full HD 1,080p60 video and audio point-to-point or point-to-multipoint with less than one video frame of delay — practically matching the latency of hardwired uncompressed video systems. Also on display will be the new and improved MGW portable encoder family, including Premium, Nano, Nano TOUGH, and Pico, all of which now support Zixi error-correction technology. PORTABLE RECORDERS: VITEC’s Focus FS-H50/60/70 are versatile portable H.264 standard and high definition recorders for workflows and applications requiring video quality and optimized video file size. Ideal applications include sports events, breaking news, dailies, meetings and training, surveillance, and online video sharing. ARCHIVING SOLUTION: The VITEC Proxsys PX-Series media asset management system enables organizations to edit, archive, and share valuable media assets efficiently and securely both within an organization and with credentialed third parties. Within a smooth, user-friendly workflow, Proxsys PX-Series provides the functionality and features required to safeguard high- and low-resolution video as well as audio, graphic, and data files. HEVC DECODER CARD: HDM850+ is VITEC’s HEVC/H.265 professional decoder card featuring back-to-back, seamless, and frame-accurate playback in HEVC, H.264, and MPEG-2 over 3G-SDI or HDMI. HDM850+ is designed for end users as well as integrators (SDK available). 4K MOSAIC GENERATOR: VITEC’s Extensor™ SDI4Mosaic is the simplest way to connect up to four SDI feeds on a single mosaic display. SDI4Mosaic converts a 4K HD-SDI video source to a standard HDMI monitor.


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Price/Sales 2.4x
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