Duyuru • Apr 24
Fortnox AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Fortnox AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Duyuru • Mar 31
First Kraft Ab, EQT X and EQT AB (publ) (OM:EQT) proposed to acquire remaining 81.05% stake in Fortnox AB (publ) (OM:FNOX) from AMF Fonder AB and other shareholders for approximately SEK 44.5 billion. First Kraft Ab, EQT X and EQT AB (publ) (OM:EQT) proposed to acquire remaining 81.05% stake in Fortnox AB (publ) (OM:FNOX) from AMF Fonder AB and other shareholders for approximately SEK 44.5 billion on March 27, 2025. A cash consideration valued at SEK 90 per share will be paid by First Kraft Ab, EQT X and EQT AB (publ). If the annual general meeting in Fortnox on 10 April 2025 approves the proposed dividend of SEK 0.25 per share, the Bidder will decrease the offered consideration to SEK 89.75 in cash for each share in Fortnox. As part of consideration, an SEK 54.9 billion value is paid towards common equity of Fortnox AB (publ). The price per share in the Offer represents a premium of 38% compared to the closing price of SEK 65.1 on 28 March 2025. First Kraft, which is the Company’s largest shareholder, already owns 115,517,633 shares, corresponding to 18.9% of all outstanding shares and votes of the Company. All shares in the Company held by First Kraft will be contributed to the Bidder upon completion of the Offer.
The board of directors’ decision to issue this statement has been made by the board members Per Bertland, Anna Frick, Magnus Gudéhn, and Lena Glader. The chairman of the board, Olof Hallrup, owns all shares in First Kraft and is therefore deemed to have a conflict of interest pursuant to Rule II.18 of the Takeover Rules. Consequently, Olof Hallrup has not participated, and will not participate, in the board of directors’ handling of or decisions regarding this statement or the Offer. The board of directors has obtained such fairness opinion from Ernst & Young AB (“EY”). EY deems the Offer to be fair from a financial point of view for the shareholders of the Company. The board of directors unanimously recommends the shareholders of Fortnox to accept the Offer.
Completion of the Offer is conditional upon, among other things, the Offer being accepted to such extent that the Bidder becomes the owner of shares representing more than 90 per cent of the total number of outstanding shares in the Company as well as the receipt of all necessary approvals, clearances, decisions, and other actions from authorities or similar, required for the Offer and the Bidder’s acquisition of the Company. The board of directors has allowed the Bidder to carry out a due diligence review of the Company in connection with the preparations of the Offer. The Company has not disclosed any inside information relating to the Company to the Bidder during the due diligence review. The Bidder expects to publish an offer document regarding the Offer on or around 13 May 2025. The acceptance period in the Offer is expected to commence on or around 14 May 2025 and end on or around 18 June 2025.
Ernst & Young Aktiebolag acted as fairness opinion provider for Fortnox AB. Carnegie Investment Bank AB acted as financial advisor for Fortnox AB. Gernandt & Danielsson Advokatbyrå KB acted as legal advisor for Fortnox AB. Duyuru • Mar 15
Fortnox AB (publ) to Report Q2, 2025 Results on Jul 11, 2025 Fortnox AB (publ) announced that they will report Q2, 2025 results on Jul 11, 2025 Duyuru • Mar 14
Fortnox AB (publ) announces Annual dividend, payable on April 17, 2025 Fortnox AB (publ) announced Annual dividend of SEK 0.2500 per share payable on April 17, 2025, ex-date on April 11, 2025 and record date on April 14, 2025. Duyuru • Mar 12
Fortnox AB (publ), Annual General Meeting, Apr 10, 2025 Fortnox AB (publ), Annual General Meeting, Apr 10, 2025, at 14:00 W. Europe Standard Time. Location: at fortnox ab, bollgatan 3 b vaxjo., Sweden Upcoming Dividend • Apr 06
Upcoming dividend of kr0.20 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.7%). Board Change • Apr 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Per Bertland was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Per Bertland was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: kr0.94 (vs kr0.57 in FY 2022) Full year 2023 results: EPS: kr0.94 (up from kr0.57 in FY 2022). Revenue: kr1.64b (up 29% from FY 2022). Net income: kr570.0m (up 64% from FY 2022). Profit margin: 35% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Board Change • Feb 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Per Bertland was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 27
Fortnox AB (publ), Annual General Meeting, Apr 11, 2024 Fortnox AB (publ), Annual General Meeting, Apr 11, 2024. Duyuru • Sep 04
Fortnox AB (publ) to Report Q3, 2023 Results on Oct 27, 2023 Fortnox AB (publ) announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Jul 15
Second quarter 2023 earnings released: EPS: kr0.21 (vs kr0.12 in 2Q 2022) Second quarter 2023 results: EPS: kr0.21 (up from kr0.12 in 2Q 2022). Revenue: kr412.0m (up 34% from 2Q 2022). Net income: kr127.0m (up 71% from 2Q 2022). Profit margin: 31% (up from 24% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Board Change • May 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 06
Deputy CEO & CFO recently bought kr90k worth of stock On the 2nd of May, Roger Hartelius bought around 1k shares on-market at roughly kr69.90 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Roger has been a net seller over the last 12 months, reducing personal holdings by kr6.8m. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: kr0.17 (vs kr0.11 in 1Q 2022) First quarter 2023 results: EPS: kr0.17 (up from kr0.11 in 1Q 2022). Revenue: kr378.0m (up 36% from 1Q 2022). Net income: kr106.0m (up 59% from 1Q 2022). Profit margin: 28% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Board Change • Mar 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 23
Director recently sold kr1.9m worth of stock On the 16th of February, Anna Frick sold around 30k shares on-market at roughly kr63.22 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr8.9m more than they bought in the last 12 months. Reported Earnings • Feb 21
Full year 2022 earnings released: EPS: kr0.57 (vs kr0.40 in FY 2021) Full year 2022 results: EPS: kr0.57 (up from kr0.40 in FY 2021). Revenue: kr1.30b (up 39% from FY 2021). Net income: kr346.8m (up 44% from FY 2021). Profit margin: 27% (in line with FY 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Board Change • Jan 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Oct 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be kr56.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 36% per annum over the same time period. Buying Opportunity • Aug 25
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr64.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 36% per annum over the same time period. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: kr0.12 (vs kr0.089 in 2Q 2021) Second quarter 2022 results: EPS: kr0.12 (up from kr0.089 in 2Q 2021). Revenue: kr312.3m (up 36% from 2Q 2021). Net income: kr74.4m (up 37% from 2Q 2021). Profit margin: 24% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 35%, compared to a 21% growth forecast for the Software industry in the United Kingdom. Buying Opportunity • Jul 14
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr67.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Board Change • Jun 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Per Bertland was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.