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25 percent organic growth and financial target achieved in the first quarter

MAR

The first quarter of the year showed strong results despite a continued weak macroeconomy and a turbulent global environment. Net sales increased to SEK 563 million, corresponding to an organic growth of 25 percent. Operating profit amounted to SEK 246 million, an improvement of 33 percent. Fortnox continued to create increased customer value and our average revenue per subscription customer increased SEK 6 during the quarter to SEK 304. This means that we have thereby exceeded the five-year financial target of 300 SEK in average revenue per customer.

First quarter of 2025

  • Net sales amounted to SEK 563 million (467), up SEK 96 million or 21 percent. The organic growth (adjusted for both acquisition and divestment) amounted to 25 percent.
  • Operating profit (EBIT) totaled SEK 246 million (185). 
  • Operating margin (EBIT-margin) was 44 percent (40). 
  • Profit after tax was SEK 210 million (149).
  • Earnings per share before and after dilution amounted to SEK 0.34 (0.24).
  • During the quarter, profit before tax was positively impacted by approximately SEK 17 million, comprising other operating income of SEK 5 million and financial income of SEK 12 million. The positive effect was primarily attributable to a revaluation of warrants received in Mynt AB, which are expected to be converted into shares during the second quarter. The quarter also included advisory costs of approximately SEK 5 million related to the public offer. In total, profit before tax was positively impacted by approximately SEK 12 million, while operating profit was largely unaffected.

For more information, please contact:
Mia Nordlander, Head of Investor Relations
Email: mia.nordlander@fortnox.se
Phone: +46 72 648 86 80

About Us
Fortnox AB (publ) is a business platform that connects people, businesses and organizations. We help businesses start, grow and develop. With smart technical products, solutions and services, and the ability to connect them with hundreds of external parties, we are a hub for businesses in Sweden. Our vision is to create a prosperous society shaped by thriving businesses.
Established in 2001, Fortnox is headquartered in Växjö with offices in Malmö, Linköping and Stockholm. Fortnox AB is listed on Nasdaq Stockholm’s main market.
For further information, visit www.fortnoxgroup.com

This information is information that Fortnox is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-04-24 08:30 CEST.

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Datum 2025-04-24, kl 08:30
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