Fortnox – Solid growth in all revenue KPI:s
Research Update
2020-02-13
07:30
We increase our assumption for the parent company software business and keep our positive view on the potential in Fortnox Finance and Insurance, especially due to the management’s updated outlook. We raise 2020 sales and EBIT by 6% and 13%. Our new Base case is SEK 225, ~15% above the current share price, and we remain positive to the stock.
FN
KL
Fredrik Nilsson
Kristoffer Lindström
Disclosures and disclaimers