Feb 13, 2025 / 01:00PM GMT
Fredrik Norberg - Cdon AB - Chief Executive Officer
Hello everybody, and welcome to CDON Group's earnings call for the fourth quarter. Next to me, as usual, I have our CFO Carl Andersson, and you will in a moment get your prime time and digging into the numbers. Thank you.
All right, to summarize this quarter, this was really a foundational year for CDON Group. We have rebuilt pretty much a new organization. We have migrated two platforms into one platform. But we also had quite disappointing sales for the years and also with the week ending.
Looking into the numbers, sales numbers. What I'm showing here is the gross profit after marketing. Meaning the gross profit is what we keep from the sales, and then we deduct the marketing cost. And as you can see here, we had a quite good start of the year. But then we didn't really level up throughout the year and ended a little bit weaker than we really hoped for.
And the weakest category was media, which is mainly a 1P business. Including movies, music, and games. This is mainly due to the organizational changes that we have done. But
Q4 2024 Cdon AB Earnings Call Transcript
Feb 13, 2025
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