Fortnox Q1’22: Strong ARPC and EBIT
Research Note
2022-04-28
09:21
Redeye sees a solid Q1 report from Fortnox with a stronger than expected ARPC, likely driven by increased usage of transactions. EBIT beat our forecast as well. However, that was mainly due to higher capitalizations. We will likely increase our forecasts somewhat.
FN
Fredrik Nilsson
Disclosures and disclaimers