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Fortnox: Stable in Macroeconomic Headwind  – Minor Revisions - Redeye

Redeye keeps its positive view of Fortnox despite lowering its Base Case, mostly due to us using a higher risk-free rate in our DCF. While the growth rate declined relative to Q2 as we expected, we believe the net customer intake and especially Pengar, was strong considering the macroeconomic headwind.

Redeye keeps its positive view of Fortnox despite lowering its Base Case, mostly due to us using a higher risk-free rate in our DCF. While the growth rate declined relative to Q2 as we expected, we believe the net customer intake and especially Pengar, was strong considering the macroeconomic headwind.
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