Fortnox AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 02:30 am EST
Share
Fortnox AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 451 million compared to SEK 357 million a year ago. Revenue was SEK 455 million compared to SEK 365 million a year ago. Net income was SEK 188 million compared to SEK 94 million a year ago. Basic earnings per share from continuing operations was SEK 0.31 compared to SEK 0.15 a year ago. Diluted earnings per share from continuing operations was SEK 0.31 compared to SEK 0.15 a year ago.
For the full year, sales was SEK 1,642 million compared to SEK 1,276 million a year ago. Revenue was SEK 1,670 million compared to SEK 1,298 million a year ago. Net income was SEK 570 million compared to SEK 347 million a year ago. Basic earnings per share from continuing operations was SEK 0.94 compared to SEK 0.57 a year ago. Diluted earnings per share from continuing operations was SEK 0.93 compared to SEK 0.57 a year ago.
Fortnox AB is a Sweden-based company, which offers Internet-based business applications for companies, associations, as well as accounting and auditing firms. The Companyâs product portfolio includes programs for accounting, billing, sales support and payroll, such as Fortnox Accounting, Fortnox Invoicing, Fortnox order, Fortnox Archive, Fortnox Time and Fortnox CRM, as well as other programs. The Companyâs services allow its users to access the applications thorugh the Internet and be logged in simultaneously from multiple locations. As of December 31, 2011, the Companyâs three largest shareholders were Karlo Forvaltnings AB (10.45%), Banque Ohman S.A. (6.45%) and Nordea Life & Pensions (5.8%).
FORTNOX AB 
