Fortnox Q1’21: Solid customer intake, soft ARPC
Research Note
2021-04-28
08:59
Redeye retains its positive long-term view on Fortnox, despite a rather soft Q1, where the slow-growing transaction-based revenues hurt the ARPC. However, net customer intake increased YoY, in line with our forecasts. We will likely reduce our short-term forecasts.
FN
Fredrik Nilsson
Disclosures and disclaimers