Cdon AB (FRA:64W)
€ 4.58 +0.070 (+1.55%) Market Cap: 56.46 Mil Enterprise Value: 42.82 Mil PE Ratio: 0 PB Ratio: 1.22 GF Score: 71/100

Q2 2023 Cdon AB Earnings Call Transcript

Jul 14, 2023 / 12:00PM GMT
Release Date Price: €9.21 (-1.07%)
Fredrik Norberg
CDON AB - CEO

Hello, everybody, and welcome to this presentation of CDON's quarterly results for the second quarter. Presenting this today is myself, Fredrik Norberg and our CFO and Deputy CEO, Thomas Pehrsson. Today, we will go through our long-term goals, short-term focus, the Q2 results and the integration status. Then will Thomas guide us through the financial performance. And as usual, we will end with a Q&A.

Our long-term goals is to become the leading marketplace for the Nordics to also increase the penetration of marketplaces and reach a double-digit market share in the Nordic e-commerce industry. And lastly, to leverage the scale benefits of the model to deliver reliable growth with expanding profitability. To achieve this, we have 3 focus areas for the short and midterm. We will increase our supply and provide with more of the products that people want and utilize the low margin cost of bringing in more supply. We will improve our customer happiness and get it on to the high levels of -- [that Fyndiq] managed to reach the last couple of years and continue from there

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