Fortnox Q1’19: Solid report in line with our forecast
Research Note
2019-04-24
10:02
The net customer intake of 16 000 and the ARPC of SEK 143 was both as we expected, resulting in YoY growth of 39%. EBIT came in at SEK 32.0m (18.8), slightly below our forecast of SEK 33.6m. In total, a solid report in line with expectations, likely causing only minor estimate revisions.
FN
Fredrik Nilsson
Disclosures and disclaimers