Financial information

Vitec has a growth-oriented strategy and continuously seeks additional acquisitions. The historical growth rate has been approximately 25 % per year on average. The Board has set a target to hold an operating margin of 15 % and continue to work with a focus on continuous growth.
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Financial goals

Vitec has a growth-oriented strategy and continuously seeks additional acquisitions. The historical growth rate has been approximately 25 % per year on average. The Board has set a target to hold an operating margin of 15 % and continue to work with a focus on continuous growth.

Outcome

 

2012

2013

2014 

2015

2016

Revenue growth            

      

8 %          

-5 %         

32 %         

26 %         

9 %         

Operating margin   

 

11 % 

11 % 

14 % 

16 % 

13 % 

Key figures definition

Summary of our financial key figures definitions.

IFRS

Vitec's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the EU and the Swedish Annual Accounts Act. Vitec went on to report in accordance with IFRS from January 1:st 2005.