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Fortnox AB (SE:FNOX)
:FNOX
Earnings Data
Report Date
Jul 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.27Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 0.23%
|Next Earnings Date:Jul 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant growth in key areas such as ARPC, Financial Services, and factoring. However, challenges in customer growth and impacts from divestments were noted. The sentiment leans towards positive due to the highlights outweighing the lowlights.Company Guidance
In the first quarter of 2025, Fortnox reported a robust performance with several key metrics indicating strong growth and stability. The company achieved a 25% organic growth in revenue and a 33% increase in EBIT, surpassing its ARPC target by reaching SEK304 million. Customer growth was steady with an addition of 14,000 customers, despite being slightly lower compared to the previous year. Revenue grew by 21%, with a notable EBIT margin of 44%, and the Rule of Fortnox, which combines growth and margin, reached 64%. The Financial Services segment saw a 34% growth, while the Business Platform experienced an 18% increase. Additionally, the company's factoring product surpassed NOK500 million in monthly value, and the Fortnox business card had over NOK100 million in spending, with more than 8,000 customers utilizing it. Despite a challenging macro environment, Fortnox demonstrated a sustainable business model, focusing on increased usage and strategic changes aligned with its 2020 business plan targets.Strong Organic Growth
Q1 showed 25% organic growth and 33% EBIT growth, demonstrating a strong performance for the quarter.
Surpassing ARPC Target
The average revenue per customer (ARPC) target of SEK300 was surpassed, reaching SEK304 million.
Financial Services Growth
The Financial Services segment, responsible for payments and financial offerings, experienced a growth of 34%.
Robust Factoring Growth
Factoring product revenue grew by 43%, with more than NOK500 million of monthly value processed.
Successful Business Card Adoption
More than 8,000 customers used the business card, with over NOK100 million in spending carried out using it in March.
Sustainable Business Model
The company demonstrated a sustainable business model with consistent performance, achieving 16 consecutive quarters above 60% in the Rule of Fortnox metric.
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SE:FNOX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SE:FNOX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | kr86.50 | kr86.70 | +0.23% |
Feb 13, 2025 | kr76.26 | kr74.78 | -1.94% |
Oct 24, 2024 | kr59.77 | kr65.93 | +10.31% |
Jul 12, 2024 | kr63.87 | kr63.63 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortnox AB (SE:FNOX) report earnings?
Fortnox AB (SE:FNOX) is schdueled to report earning on Jul 11, 2025, TBA Not Confirmed.
What is Fortnox AB (SE:FNOX) earnings time?
Fortnox AB (SE:FNOX) earnings time is at Jul 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Fortnox AB stock?
The P/E ratio of Fortnox AB is N/A.
What is SE:FNOX EPS forecast?
SE:FNOX EPS forecast for the fiscal quarter 2025 (Q2) is 0.35.
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