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    VIT B   SE0007871363

VITEC SOFTWARE GROUP AB (PUBL)

(VIT B)
  Report
Delayed Nasdaq Stockholm  -  11:29:30 2023-02-06 am EST
481.80 SEK   -3.74%
02/01Vitec Software Group AB Year-end report January - December 2022
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02/01Vitec Software Group AB Reports Earnings Results for the Full Year Ended December 31, 2022
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02/01Vitec Software Group AB Proposes Dividend
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Vitec acquires the software company Oy Raisoft Ltd

10/05/2022 | 02:31am EST

Vitec Software Group AB (publ) strengthens its position in Vertical Market Software by acquiring all shares in the Finnish software company Oy Raisoft Ltd. On October 5, the company had sales of SEK 50.2 million with an EBIT result of SEK 6.5 million for the financial year 2021.

Raisoft delivers digital assessment and decision-making systems for better care, primarily in Finland and Switzerland. RAIsoft.net offers extensive data collection and reporting capabilities. It is completely modular with options for EHR integrations (electronic health record), which takes documentation and analysis to a whole new level. Clinicians and managers get access to real-time information for assessment-based care planning and effective decision-making.

Payment is made in cash and with a convertible debenture with deviation from shareholders' preferential rights in accordance with authorization from the Annual General Meeting 2022-04-26. The term of the convertible bond is 36 months, which upon full conversion results in a dilution of the capital of 0.1%. The acquisition is expected to directly result in an increase in earnings per share for Vitec. Consolidation takes place from the date of acquisition.

"Raisoft delivers software with superior customer benefit for health and social care, primarily in Finland and Switzerland. Raisoft is a profitable and well-managed company with a business that fits well into our business model and corporate culture. We are pleased to welcome more than 60 new employees to us today," says Olle Backman, CEO, Vitec Software Group.

Raisoft was founded in 2000 and has operations in Kokkola and Jyväskylä.

"Vitec has a strong position with long experience and broad expertise in vertical software. For us, it is crucial to have a long-term owner who is committed to the continued development of the company. I am convinced that together we will continue to develop Raisoft for the benefit of our customers today and in the future," says Robert Åström, CEO Oy Raisoft Ltd.

© Modular Finance, source Nordic Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
VIDENDUM PLC 1.70% 1074 Delayed Quote.-0.37%
VITEC SOFTWARE GROUP AB (PUBL) -3.74% 481.8 Delayed Quote.19.68%
All news about VITEC SOFTWARE GROUP AB (PUBL)
02/01Vitec Software Group AB Year-end report January - December 2022
AQ
02/01Vitec Software Group AB Reports Earnings Results for the Full Year Ended December 31, 2..
CI
02/01Vitec Software Group AB Proposes Dividend
CI
01/09Board member Crister Stjernfelt has passed away
AQ
01/09Vitec Software Group AB Announces Demise of Crister Stjernfelt, Board Member
CI
2022Changed number of shares and votes in Vitec
AQ
2022An unknown buyer acquired an unknown stake in Vitec..
CI
2022VITEC SOFTWARE GROUP AB (PUBL) : Ex-dividend day for quar..
FA
2022Conversion of A shares to B shares in Vitec
AQ
2022Increased number of shares and votes in Vitec
AQ
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Analyst Recommendations on VITEC SOFTWARE GROUP AB (PUBL)
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Financials
Sales 2022 1 937 M 183 M 183 M
Net income 2022 243 M 22,9 M 22,9 M
Net Debt 2022 720 M 67,8 M 67,8 M
P/E ratio 2022 72,6x
Yield 2022 0,48%
Capitalization 17 985 M 1 694 M 1 694 M
EV / Sales 2022 9,65x
EV / Sales 2023 7,67x
Nbr of Employees 1 350
Free-Float 81,8%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 481,80 SEK
Average target price 526,50 SEK
Spread / Average Target 9,28%
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Managers and Directors
Stig Olle Backman Chief Executive Officer & Director
Sarah Nilsson Chief Financial Officer
Lars Emanuel Stenlund Chairman
Jerker Vallbo Chief Technology & Information Officer
Gert Gustafsson Chief Operating Officer
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