Q1 2023 Cdon AB Earnings Call Transcript
Welcome to the CDON Q1 2023 Conference Call. (Operator Instructions)
Now I will hand the conference over to the speakers: CEO Fredrik Norberg and CFO Thomas Pehrsson. Please go ahead.
Thank you, operator. Next slide. As the new CEO of CDON, I'm really happy and honored to welcome you to this quarterly presentation hosted by myself, Fredrik Norberg; and Thomas Pehrsson.
Next slide. The agenda for today is to walk you through the Q1 results then introduce some future plans for you. We will update on the integration process and synergies around that. And then Thomas will guide you through the financial performance and directives. And then as usual, we end with some Q&A from all of you listeners.
Next slide, the Q1 results. Next slide. For CDON, it was a weak top line that ended on minus 10% versus last year. This was mainly due to challenging and uncertain economic environment in the Nordic markets for the first quarter that we all are aware of. If we're looking at the gross profit after marketing,
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