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Fortnox (STO:FNOX) Full Year 2024 Results
Key Financial Results
- Revenue: kr2.04b (up 25% from FY 2023).
- Net income: kr710.0m (up 25% from FY 2023).
- Profit margin: 35% (in line with FY 2023).
- EPS: kr1.17 (up from kr0.94 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fortnox EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.
The primary driver behind last 12 months revenue was the Businesses segment contributing a total revenue of kr2.09b (102% of total revenue). The largest operating expense was General & Administrative costs, amounting to kr267.0m (46% of total expenses). Explore how FNOX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden.
Performance of the Swedish Software industry.
The company's shares are up 3.0% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Fortnox's balance sheet health.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:FNOX
Fortnox
Provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden.
Flawless balance sheet with high growth potential.
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