Vitec Software Group AB (publ) (STO: VIT.B)

Vitec Software Group AB Income Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	2,997	2,736	1,939	1,546	1,446	1,227
Other Revenue	42.42	41.4	38.82	25.43	28.45	68.21
Revenue	3,040	2,778	1,978	1,571	1,475	1,295
Revenue Growth (YoY)	25.64%	40.41%	25.89%	6.55%	13.88%	13.17%
Cost of Revenue	1,545	1,382	981.39	819.87	866.44	790.98
Gross Profit	1,494	1,395	996.81	751.44	608.25	504
Selling, General & Admin	331.06	329.59	289.18	183.28	151.26	149.69
Other Operating Expenses	1.9	1.9	-0.28	0.61	-	-
Operating Expenses	847.62	799.48	640.67	469.49	385.87	359.73
Operating Income	646.85	595.72	356.14	281.96	222.39	144.27
Interest Expense	-124.43	-99.2	-43.8	-21.2	-14.83	-15.74
Interest & Investment Income	7.23	6.05	2.6	0.29	0.31	1.85
Currency Exchange Gain (Loss)	2.07	-	-	-	0.05	-0.35
Other Non Operating Income (Expenses)	0.14	-	3.4	1.06	-0.29	-0.01
EBT Excluding Unusual Items	531.85	502.57	318.34	262.11	207.63	130.02
Impairment of Goodwill	-	-	-3.4	-	-	-
Gain (Loss) on Sale of Investments	-14.79	-14.79	-2.47	-	-	-
Asset Writedown	-5.6	-5.6	-0.3	-	-	-
Other Unusual Items	-14.37	-14.37	-	-	-	-
Pretax Income	506.59	467.81	312.16	262.11	207.63	130.02
Income Tax Expense	136.42	128.63	67.3	55.16	46.92	27.86
Net Income	370.16	339.18	244.87	206.94	160.71	102.17
Net Income to Common	370.16	339.18	244.87	206.94	160.71	102.17
Net Income Growth	21.86%	38.52%	18.33%	28.77%	57.30%	5.41%
Shares Outstanding (Basic)	37	37	35	34	33	32
Shares Outstanding (Diluted)	37	37	36	34	33	32
Shares Change (YoY)	0.39%	3.14%	5.64%	4.00%	1.92%	6.36%
EPS (Basic)	9.87	9.07	6.92	6.14	4.93	3.16
EPS (Diluted)	9.87	9.07	6.84	6.05	4.91	3.16
EPS Growth	20.11%	32.55%	13.10%	23.19%	55.65%	-1.94%
Free Cash Flow	913.34	692.57	545.41	469.45	426.69	267.62
Free Cash Flow Per Share	24.36	18.52	15.05	13.68	12.93	8.27
Dividend Per Share	3.000	3.000	2.280	2.000	1.640	1.350
Dividend Growth	31.58%	31.58%	14.00%	21.95%	21.48%	12.50%
Gross Margin	49.17%	50.23%	50.39%	47.82%	41.25%	38.92%
Operating Margin	21.28%	21.45%	18.00%	17.94%	15.08%	11.14%
Profit Margin	12.18%	12.21%	12.38%	13.17%	10.90%	7.89%
Free Cash Flow Margin	30.05%	24.93%	27.57%	29.88%	28.93%	20.67%
EBITDA	969.51	871.7	568.4	448.85	350.9	287.11
EBITDA Margin	31.90%	31.38%	28.73%	28.57%	23.79%	22.17%
D&A For EBITDA	322.67	275.99	212.26	166.9	128.51	142.84
EBIT	646.85	595.72	356.14	281.96	222.39	144.27
EBIT Margin	21.28%	21.45%	18.00%	17.94%	15.08%	11.14%
Effective Tax Rate	26.93%	27.50%	21.56%	21.05%	22.60%	21.43%
Revenue as Reported	3,040	2,778	1,982	1,572	1,475	1,295

Source: S&P Capital IQ. Standard template. Financial Sources.