3 months
DNBCarnegieSEBABG Sundal CollierSEB Equities

Price Targets For Fortnox

AnalystPrice TargetDateUpside
DNB81 SEKSep 25
Carnegie79 SEKMay 2
SEB65 SEKMar 2
ABG Sundal Collier65 SEKFeb 17
SEB Equities59 SEKApr -22

About The Company

Fortnox is a Swedish business system company that delivers a cloud-based business platform for financial administration. The company was founded in 2001 in Växjö by the entrepreneur Jan Älmeby and has since the beginning worked with developing web and cloud-based accounting services. From 2015 to 2017, the number of customers increased by 77%, and the company had 233,000 Swedish companies as customers in 2018, which corresponds to almost a quarter of all Swedish companies.