CDON delivered a strong fourth quarter with accelerating momentum across key operational metrics.
CDON delivered an in-line Q4 report. GMV of SEK 644m was 3% above our estimate of SEK 627m and growing 15.
Ahead of Q4/25, we expect CDON group’s positive trend to continue and expect GMV growth of 12.
Redeye comments on the directed issue yesterday evening of 440,000 shares to both Swedish and international institutions at a price of SEK 4...
CDON yesterday (31 August) announced a directed share issue raising gross proceeds of about SEK 200m to be used for business development and...
CDON had a difficult H1, including issues with site traffic, down 37% y/y in Q2 (3P GMV growth of 4% was achieved via better conversion and ...
CDON, the Nordic region's largest marketplace, reported GMV decline of 10% (but 3P +4%) in Q2 (SEBe -5%).
CDON’s Q2’21 report was a mixed bag, where the 3P GMV grew by low single digits, and the effective take rate declined.
Redeye lowers the expected GMV in Q2’21, as we have seen indications of more muted site traffic.
Ahead of CDON’s Q2 2021 results, we downgrade our GMV forecasts, reflecting muted site traffic data developments in the period.
Redeye's initial response is positive to the Shopit investment.
