Fortnox AB
STO:FNOX
Income Statement
Earnings Waterfall
Fortnox AB
Revenue
|
1.7B
SEK
|
Cost of Revenue
|
4m
SEK
|
Gross Profit
|
1.7B
SEK
|
Operating Expenses
|
-1B
SEK
|
Operating Income
|
710m
SEK
|
Other Expenses
|
-97m
SEK
|
Net Income
|
613m
SEK
|
Income Statement
Fortnox AB
Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
932
N/A
|
1 013
+9%
|
1 090
+8%
|
1 186
+9%
|
1 276
+8%
|
1 367
+7%
|
1 461
+7%
|
1 542
+6%
|
1 633
+6%
|
1 728
+6%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(35)
|
(17)
|
(8)
|
(7)
|
(7)
|
(9)
|
(4)
|
(2)
|
3
|
4
|
|
Gross Profit |
897
N/A
|
996
+11%
|
1 082
+9%
|
1 179
+9%
|
1 269
+8%
|
1 358
+7%
|
1 457
+7%
|
1 540
+6%
|
1 636
+6%
|
1 732
+6%
|
|
Operating Income | |||||||||||
Operating Expenses |
(583)
|
(651)
|
(705)
|
(757)
|
(805)
|
(843)
|
(891)
|
(933)
|
(970)
|
(1 022)
|
|
Selling, General & Administrative |
(347)
|
(391)
|
(421)
|
(449)
|
(481)
|
(507)
|
(545)
|
(573)
|
(601)
|
(635)
|
|
Depreciation & Amortization |
(85)
|
(97)
|
(104)
|
(117)
|
(129)
|
(137)
|
(148)
|
(154)
|
(158)
|
(165)
|
|
Other Operating Expenses |
(151)
|
(164)
|
(180)
|
(191)
|
(195)
|
(199)
|
(197)
|
(205)
|
(211)
|
(222)
|
|
Operating Income |
315
N/A
|
345
+10%
|
378
+10%
|
421
+11%
|
464
+10%
|
515
+11%
|
566
+10%
|
607
+7%
|
666
+10%
|
710
+7%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(6)
|
(7)
|
(12)
|
(13)
|
(12)
|
(10)
|
(2)
|
3
|
4
|
9
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
2
|
5
|
7
|
8
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
1
|
0
|
(0)
|
0
|
0
|
|
Pre-Tax Income |
309
N/A
|
337
+9%
|
365
+8%
|
408
+12%
|
453
+11%
|
505
+12%
|
568
+12%
|
615
+8%
|
677
+10%
|
725
+7%
|
|
Net Income | |||||||||||
Tax Provision |
(68)
|
(76)
|
(83)
|
(94)
|
(106)
|
(119)
|
(129)
|
(139)
|
(107)
|
(112)
|
|
Income from Continuing Operations |
241
|
262
|
282
|
314
|
347
|
386
|
439
|
476
|
570
|
613
|
|
Net Income (Common) |
241
N/A
|
262
+9%
|
282
+8%
|
314
+11%
|
347
+10%
|
386
+11%
|
439
+14%
|
476
+9%
|
570
+20%
|
613
+8%
|
|
EPS (Diluted) |
0.4
N/A
|
0.43
+7%
|
0.46
+7%
|
0.52
+13%
|
0.57
+10%
|
0.63
+11%
|
0.72
+14%
|
0.78
+8%
|
0.93
+19%
|
1.01
+9%
|