Vitec Software Group AB 2019 AR2
The report highlights Vitec's performance and sustainability initiatives for the 2019 fiscal year. The company achieved a 14% increase in net sales to SEK 1,156 million, with recurring revenues growing to 79% of total sales. Vitec expanded its operations by acquiring five vertical software companies in Finland and Norway. In sustainability, the company implemented its Code of Conduct throughout the Group and increased the proportion of renewable energy in its electricity contracts to 91%. Additionally, Vitec's electronic waste recycling efforts resulted in climate savings of 8,592 kg of CO2-eq, representing a 22% increase from the previous year.
Company: Vitec Software Group AB
Sector: Information Information Technology
Country: Sweden
Year: 2019
Type: AR2
Pages: 120
Vitec Software Group AB
Annual Report
The report highlights Vitec's performance and sustainability initiatives for the 2019 fiscal year. The company achieved a 14% increase in net sales to SEK 1,156 million, with recurring revenues growing to 79% of total sales. Vitec expanded its operations by acquiring five vertical software companies in Finland and Norway. In sustainability, the company implemented its Code of Conduct throughout the Group and increased the proportion of renewable energy in its electricity contracts to 91%. Additionally, Vitec's electronic waste recycling efforts resulted in climate savings of 8,592 kg of CO2-eq, representing a 22% increase from the previous year.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Women in Management
Employees