Fortnox Q2’19: Solid figures in line with forecast

Research Note

2019-08-22

09:41

Both the net customer intake and the ARPC came in slightly above forecast. Relative to last quarter, the order backlog grew at the same rate as the number of customers, which could indicate that the QoQ ARPC growth rate will decline from the very high levels seen recently. As expected, EBIT grew significantly YoY, despite Fortnox adding almost 60 new employees since last year.

FN

Fredrik Nilsson

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