Fortnox Q1 2020: Soild Q1 Above Forecast
Redeye remains positive to Fortnox following a strong Q1 - All revenue KPI:s came in above forecast. Our estimates are under review and the first look indicates a 5-10% increase in sales forecasts and a 10-20% increase in EBIT forecasts for 2020 and 2021. We will likley increase our Base case.