Q4 2023 Cdon AB Earnings Call Transcript

Feb 15, 2024 / 01:00PM GMT
Fredrik Norberg - Cdon AB - CEO

Hello, and welcome to this earnings call for CDON's fourth quarter. Today, we are broadcasting this live for the first time from our office in Stockholm. And also for the first time I have our new CFO, next to me, Carl.

Carl Andersson - Cdon AB - CFO

Super excited to join here today.

Fredrik Norberg - Cdon AB - CEO

Great. And we will hear more from you in a bit when we are diving deep into the numbers. First up some summary for the quarter and full year. We see a good progress in our strategic initiatives, namely massively increased our supply and greatly improve our customer happiness. From the supply side, we have on boarded 164 new merchants, just for Q4 for CDON.

For the customers happiness part, we have improved the customer reviews from 3.8 to 4.1 on sale. Our platform migration is running according to plan with the deadline in September. And this will also realize the majority of the lower communicated OpEx run rate. We have a continued solid growth of gross profit after

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