Pressmeddelanden, rapporter och bolagsmeddelande för CDON AB

In the second quarter of 2024, CDON Group experienced a 14% decline in total gross merchandise value (GMV) to SEK 426.1 million, with the CDON segment's organic GMV dropping by 21%. Net sales decreased by 7% to SEK 97.2 million, while the gross margin improved by 2.8 percentage points to 77.0%. Despite this, gross profit after marketing (GPAM) fell by 7% to SEK 44.6 million. The EBITDA was negative at SEK -9.4 million, and EBIT was SEK -33.7 million. Earnings per share were SEK -3.18, with adjusted earnings per share at SEK -1.63. Year-to-date figures show a 9% decrease in total GMV to SEK 823.3 million, and a 24% drop in organic GMV for the CDON segment. Net sales slightly decreased by 1% to SEK 192.9 million, but the gross margin increased by 9.3 percentage points to 75.3%. GPAM increased by 13% to SEK 88.9 million. EBITDA was negative at SEK -11.6 million, and EBIT was SEK -60.5 million. Earnings per share were SEK -5.70, with adjusted earnings per share at SEK -2.60. CEO Fredrik Nordberg acknowledged the challenges faced, including elevated costs due to the Malmö office closure, but highlighted ongoing strategic initiatives aimed at long-term growth. These include improving supply acquisition, addressing SEO issues, completing a platform migration, and consolidating operations to the Stockholm office. Despite the financial setbacks, the CEO remains optimistic about the future impact of these initiatives. A webcast and teleconference were scheduled for analysts, investors, and the media to discuss the report further. CDON, founded in 1999, is the largest marketplace in the Nordic region, and Fyndiq, a subsidiary since April 2023, offers a wide range of bargain products.

CDON AB (publ) will release its interim report for Q2 2024 on Friday, July 12th, 2024, at 13:00 CEST. A presentation of the report by CEO Fredrik Norberg and CFO Carl Andersson will follow at 14:00 CEST via webcast and teleconference, with a Q&A session afterward. The presentation will be in English. Participants can join the webcast or teleconference through provided links. The presentation materials and webcast will be available on CDON's investor relations page. CDON, founded in 1999, is the largest marketplace in the Nordic region, offering a wide range of products from over 1,500 merchants. CDON's shares are listed on Nasdaq First North Growth Market. Fyndiq AB, a subsidiary of CDON since April 2023, operates a marketplace for bargain products and is headquartered in Stockholm. For more information, contact CEO Fredrik Norberg or CFO Carl Andersson.

The Annual General Meeting (AGM) 2024 of CDON AB was held in Stockholm on 7 May 2024. The meeting adopted the income statement and balance sheet for the financial year 2023, decided not to pay a dividend, and carried forward the company's result. All Board members and the Chief Executive Officers were discharged from liability for the financial year 2023. The AGM re-elected four board members and elected one new member, Richard Shapiro. The registered accounting firm PricewaterhouseCoopers AB was re-elected as the company's auditor. The AGM also resolved on the remuneration for the Board members and the auditor, amended the Articles of Association, and authorised the Board to resolve on new issues of ordinary shares. CDON AB is the largest marketplace in the Nordic region, and its wholly-owned subsidiary Fyndiq AB operates a marketplace offering a wide range of bargain products.

CDON Group's Q1 report shows a decrease in total gross merchandise value (GMV) by 3% to SEK 397.2 million, and a 27% decrease in organic GMV for the CDON segment. However, net sales increased by 5% to SEK 95.8 million, and gross profit after marketing (GPAM) increased by 44% to SEK 44.3 million. EBITDA and EBIT amounted to SEK -2.2 million and SEK -26.7 million respectively. The company faced challenges due to Google's algorithm changes, closure of the Malmö office, and ongoing platform migration. Despite a tough quarter, the CEO remains confident in the company's long-term objective to become the leading marketplace in the Nordics.

CDON AB is set to publish its Q1 2024 interim report on 25 April 2024 at 13:00 CEST. A presentation of the report will follow at 14:00 CEST, led by CEO Fredrik Norberg and CFO Carl Andersson. The event will be accessible via webcast and teleconference, with opportunities for questions after the presentation. Interested parties are required to register for participation. The presentation material and the webcast will subsequently be available on CDON's investor relations website. CDON AB is the largest marketplace in the Nordic region, with over 1,500 merchants selling a wide range of products. Its subsidiary, Fyndiq AB, operates a marketplace offering bargain products from various merchants.

CDON AB has announced its Annual General Meeting (AGM) to be held on 7 May 2024 in Stockholm, Sweden. Shareholders can participate in person or by postal voting. To participate, shareholders must be registered in the share register by 26 April 2024 and give notice of participation by 30 April 2024. The AGM will discuss various topics including the election of board members, determination of fees for board members and auditors, and amendments to the Articles of Association. The board also proposes that no dividend is paid and available profits are carried forward. The board is seeking authorization to issue new ordinary shares to increase the company's financial flexibility.

CDON AB has released its Annual and Sustainability Report for 2023 on its investor relations website. The report is available in both English and Swedish. CDON, founded in 1999, is the largest marketplace in the Nordic region, offering a wide range of products through its platform. Over 1,500 merchants use CDON's platform to increase their sales. CDON's shares are listed on Nasdaq First North Growth Market. Fyndiq AB, a subsidiary of CDON since April 2023, operates a marketplace offering a range of bargain products from Swedish and international merchants. Fyndiq's main market is Sweden, but it also operates in Finland, Norway, and Denmark.