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Fortnox AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was SEK 523 million compared to SEK 416 million a year ago. Revenue was SEK 530 million compared to SEK 424 million a year ago. Net income was SEK 189 million compared to SEK 149 million a year ago. Basic earnings per share from continuing operations was SEK 0.31 compared to SEK 0.24 a year ago. Diluted earnings per share from continuing operations was SEK 0.31 compared to SEK 0.24 a year ago. For the nine months, sales was SEK 1,504 million compared to SEK 1,191 million a year ago. Revenue was SEK 1,523 million compared to SEK 1,215 million a year ago. Net income was SEK 502 million compared to SEK 382 million a year ago. Basic earnings per share from continuing operations was SEK 0.82 compared to SEK 0.63 a year ago. Diluted earnings per share from continuing operations was SEK 0.82 compared to SEK 0.63 a year ago.
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Total Revenue | 523 | 515 | 467 | 451 |
Gross Profit | 337 | 320 | 289 | 291 |
Operating Income | 234 | 204 | 186 | 189 |
Net Income | 189 | 164 | 149 | 188 |
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Total Assets | 3206 | 3011 | 2886 | 2652 |
Total Liabilities | 1044 | 1038 | 966 | 880 |
Total Equity | 2162 | 1973 | 1920 | 1772 |
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 283 | 258 | 41 | 238 |
Cash From Investing Activities | -45 | -64 | -167 | -45 |
Cash From Financing Activities | -10 | -120 | -12 | -9 |
Net Change in Cash | 229 | 75 | -137 | 184 |
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