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Redeye takes a positive stance towards Fortnox following an overall solid Q2 report, with strong growth in Core Transactions being the highlight. As has been the case for several years, Fortnox remains one of the fastest-growing and profitable SaaS companies in the Nordics despite its large size. Although partly driven by price increases, additional customers and increased usage drive sales growth as well. We leave our Base Case and forecasts roughly unchanged.
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