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Fortnox: Q1’21 Review, Investments to pressure margins in 2021, Long-term outlook unchanged - Redeye

Redeye remains positive to Fortnox following an overall soft Q1 report, where the important net customer intake, however, reached all-time high. While lowering our EBIT forecasts for 2021 and 2022, the report gives us no reason to revise our positive long-term outlook. We keep our Base case unchanged.

Redeye remains positive to Fortnox following an overall soft Q1 report, where the important net customer intake, however, reached all-time high. While lowering our EBIT forecasts for 2021 and 2022, the report gives us no reason to revise our positive long-term outlook. We keep our Base case unchanged.
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