Fortnox: Application approved and Q3’19 preview

Research Note

2019-10-18

11:35

Fortnox’s application for becoming a payment intermediary has now been approved, allowing for further automation and the first step to become a complete financial platform. On Thursday, October 24, probably 08:00-08:30 CEST, Fortnox will release its Q3-report. We forecast a YoY sales growth of 42% and an EBIT margin of 38%.

FN

KL

Fredrik Nilsson

Kristoffer Lindström

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