Fortnox CMD: Utilizing and strengthening its leading position in Sweden
Research Note
2021-01-18
06:00
Redeye takes a positive view on Fortnox following a CMD highlighting an extensive product pipeline and its Swedish-focused strategy. We favor the continued focus on the Swedish market, which we believe has the most efficient growth opportunities. We raise our forecasts and Base case.
FN
Fredrik Nilsson
Disclosures and disclaimers