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Fortnox

ISIN: SE0017161243 | Ticker: FNOX | LEI: 549300MSNMHPC3O60W78
Country: Sweden

About Fortnox

Company Description

More than 400,000 business owners have chosen Fortnox to manage their business finances faster, easier and more automated. Fortnox employees are passionate about challenging and questioning old inefficient ways of working every day and replacing them with new smart solutions that free up time from administration and give more control to the business owner.

Fortnox is Sweden's leading provider of web-based business systems for companies, associations and accounting and auditing firms. The starting point is modern and efficient online invoicing and accounting software. In addition, a wide range of programs and services are offered to facilitate the business owner's everyday life, including payroll software, CRM, time accounting, financial services and hundreds of integrations to various pre- and post-systems such as cash register systems, web shops and work order systems.

Year founded

2001

Headquarters

Drottninggatan 34, 21141 Malmö – Sweden

Financial statements

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Line item in (sek) 01.01.2021 01.01.2022 01.01.2023
Assets N/A 1,971,200,000.00 2,302,100,000.00
Noncurrent Assets N/A 1,209,400,000.00 1,325,800,000.00
Goodwill N/A 605,600,000.00 609,600,000.00
Other Intangible Assets N/A 156,800,000.00 146,200,000.00
Investments In Associates Accounted For Using Equity Method N/A 16,600,000.00 0.00
Noncurrent Receivables N/A 300,000.00 300,000.00
Deferred Tax Assets N/A 1,400,000.00 1,200,000.00
Current Assets N/A 761,800,000.00 976,300,000.00
Current Trade Receivables N/A 74,300,000.00 92,300,000.00
Current Prepaid Expenses N/A 16,600,000.00 26,400,000.00
Other Current Receivables N/A 5,000,000.00 4,600,000.00
Cash and cash equivalents 412,600,000.00 373,300,000.00 434,700,000.00
Equity And Liabilities N/A 1,971,200,000.00 2,302,100,000.00
Equity 469,300,000.00 981,700,000.00 1,280,800,000.00
Issued Capital N/A 1,200,000.00 1,200,000.00
Retained Earnings N/A 560,900,000.00 858,900,000.00
Additional Paidin Capital N/A 419,600,000.00 420,700,000.00
Equity Attributable To Owners Of Parent N/A 981,700,000.00 1,280,800,000.00
Liabilities N/A 989,400,000.00 1,021,300,000.00
Noncurrent Liabilities N/A 474,200,000.00 463,900,000.00
Deferred Tax Liabilities N/A 36,400,000.00 37,200,000.00
Other Noncurrent Liabilities N/A 90,700,000.00 97,800,000.00
Longterm Borrowings N/A 200,000,000.00 200,100,000.00
Current Liabilities N/A 515,300,000.00 557,400,000.00
Trade And Other Current Payables To Trade Suppliers N/A 24,000,000.00 27,200,000.00
Current Deferred Income Other Than Current Contract Liabilities N/A 173,300,000.00 272,200,000.00
Accruals Classified As Current N/A 63,400,000.00 79,300,000.00
Current Tax Liabilities Current N/A 69,800,000.00 87,000,000.00
Other Current Liabilities N/A 41,800,000.00 57,700,000.00
Line item in (sek) 01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 932,000,000.00 1,275,700,000.00
Other Income 16,600,000.00 22,600,000.00
Other Work Performed By Entity And Capitalised 48,600,000.00 84,200,000.00
Services Expense 83,400,000.00 91,000,000.00
Employee Benefits Expense 346,500,000.00 481,000,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 84,900,000.00 129,200,000.00
Other Expense By Nature 167,600,000.00 217,100,000.00
Profit Loss From Operating Activities 314,700,000.00 464,200,000.00
Finance Income 100,000.00 1,200,000.00
Finance Costs 4,000,000.00 7,500,000.00
Profit Loss Before Tax 308,800,000.00 452,700,000.00
Income Tax Expense Continuing Operations 67,700,000.00 105,900,000.00
Profit (loss) 241,100,000.00 346,800,000.00
Line item in (sek) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 241,100,000.00 346,800,000.00
Adjustments For Decrease Increase In Other Operating Receivables N/A -15,300,000.00 -8,700,000.00
Cash Flows From Used In Operating Activities N/A 316,400,000.00 441,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 357,800,000.00 45,900,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 12,300,000.00 10,100,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 88,500,000.00 129,100,000.00
Cash Flows From Used In Investing Activities N/A -477,400,000.00 -185,200,000.00
Proceeds From Issuing Shares N/A 14,000,000.00 900,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 200,000,000.00 0.00
Repayments Of Borrowings Classified As Financing Activities N/A 24,200,000.00 116,300,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 22,400,000.00 30,300,000.00
Cash Flows From Used In Financing Activities N/A 121,700,000.00 -194,500,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -39,300,000.00 61,400,000.00
Cash and cash equivalents 412,600,000.00 373,300,000.00 434,700,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
16.02.24 Ola Bergqvist Other Buy SEK 44,982.04
30.10.23 Ola Bergqvist Other Buy SEK 45,006.40
30.10.23 Roger Hartelius Nilsson Other Buy SEK 44,963.50
17.07.23 Roger Hartelius Nilsson Other Buy SEK 90,013.06
17.07.23 Michael Hansen Other Buy SEK 45,006.53
02.05.23 Tommy Eklund Other Buy SEK 150,003.68
02.05.23 Roger Hartelius Nilsson Other Buy SEK 90,030.17
02.05.23 Michael Hansen Other Buy SEK 45,015.08
17.02.23 Tommy Eklund Other Buy SEK 99,982.16
17.02.23 Roger Hartelius Nilsson Other Buy SEK 59,953.07

Capital markets information

ISIN

SE0017161243

LEI

549300MSNMHPC3O60W78

Sector

Information Technology

Industry Group

Software & Services

Industry

Software

Sub-Industry

Application Software

Listed Stock Exchange

Nasdaq Stockholm

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