Redeye: Fortnox - Solid Momentum Contiunes
Redeye takes a positive stance towards Fortnox following a solid Q3 report, with strong net customer intake and solid cost control being the highlights. While trading at a premium valuation, we believe Fortnox deserves a standout valuation for several reasons, such as a market-leading position, wide moats, solid growth, and high margins. We leave our underlying forecasts roughly unchanged.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/