Fortnox Q4’18: Robust growth above forecast
Research Note
2019-02-13
09:26
Sales was SEK 107m (78), corresponding to a YoY growth of 38%, our estimate was 32%. While the net customer intake was slightly below forecast, the average revenue per customer (ARPC) exceeded by SEK 7 per customer. OPEX was in line with our estimate. Consequently, EBITDA/EBIT beat our forecast.
FN
Fredrik Nilsson
Disclosures and disclaimers