Fortnox AB (publ)

BATS-CHIXE:FNOXS Stock Report

Market Cap: SEK 54.5b

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Fortnox Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Tommy Eklund

Chief executive officer

SEK 16.4m

Total compensation

CEO salary percentage39.02%
CEO tenureno data
CEO ownershipn/a
Management average tenure4.5yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tommy Eklund's remuneration changed compared to Fortnox's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

SEK 771m

Dec 31 2024SEK 16mSEK 6m

SEK 710m

Sep 30 2024n/an/a

SEK 690m

Jun 30 2024n/an/a

SEK 650m

Mar 31 2024n/an/a

SEK 613m

Dec 31 2023SEK 11mSEK 3m

SEK 570m

Sep 30 2023n/an/a

SEK 476m

Jun 30 2023n/an/a

SEK 439m

Mar 31 2023n/an/a

SEK 386m

Dec 31 2022SEK 9mSEK 3m

SEK 347m

Sep 30 2022n/an/a

SEK 315m

Jun 30 2022n/an/a

SEK 282m

Mar 31 2022n/an/a

SEK 262m

Dec 31 2021SEK 7mSEK 3m

SEK 241m

Sep 30 2021n/an/a

SEK 232m

Jun 30 2021n/an/a

SEK 216m

Mar 31 2021n/an/a

SEK 210m

Dec 31 2020SEK 6mSEK 3m

SEK 205m

Compensation vs Market: Tommy's total compensation ($USD1.72M) is below average for companies of similar size in the UK market ($USD4.18M).

Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.

CEO

Tommy Eklund (49 yo)

no data
Tenure
SEK 16,400,000
Compensation

Mr. Tommy Eklund has been Chief Executive Officer of Fortnox AB (publ) since July 14, 2025 and served as its Chief Executive Officer and President from January 2020 to August 2024. He was CEO of IST Group...

Leadership Team

NamePositionTenureCompensationOwnership
Tommy Eklund
Chief Executive Officerno dataSEK 16.40mno data
Roger Hartelius
Chief Financial Officer4.5yrsSEK 7.80m0.035%
SEK 18.9m
Johan Lundgren
COO & Business Area Manager4.5yrsno datano data
Håkan Rosén
Director of Corporate Developmentno datano data0.00091%
SEK 496.2k
Johan Claesson
Customer Experience & Brand Managerno datano datano data
Anna Bergius
Business Area Managerno datano datano data
Ola Bergqvist
Business Area Manager Entrepreneurshipno datano data0.00047%
SEK 256.3k
Michael Hansen
Business Area Manager Financial Servicesno datano data0.00041%
SEK 223.6k
Charlotta Lundberg
Business Area Manager of Accounting Firmsno datano data0.0014%
SEK 779.8k
4.5yrs
Average Tenure
49yo
Average Age

Experienced Management: FNOXS's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Harry Klagsbrun
Independent Chairman of the Boardno datano datano data
Per Bertland
Independent Director4.5yrsSEK 300.00k0.0051%
SEK 2.8m
Karl Hallrup
Director14.5yrsSEK 800.00k0%
SEK 0
Anna Frick
Independent Director9.5yrsSEK 400.00k0.00013%
SEK 70.9k
Cecilia Ardstrom
Independent Directorless than a yearSEK 100.00k0%
SEK 0
Christian Shin Andersen
Independent Directorno datano datano data
Magnus Gudehn
Independent Director6.5yrsSEK 300.00k0%
SEK 0
Adam Scheid
Independent Directorno datano datano data
Lena Glader
Independent Director4.5yrsSEK 400.00k0.00031%
SEK 169.1k
4.5yrs
Average Tenure
61.5yo
Average Age

Experienced Board: FNOXS's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/26 10:18
End of Day Share Price 2025/07/02 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fortnox AB (publ) is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon GranathABG Sundal Collier Sponsored
Carl DeijenbergCarnegie Investment Bank AB