Bildkälla: Stockfoto

CDON: From 5 to 50 - SEB

We reiterate our equity mid-point value of SEK 315. Following deep dives on product supply (plan for a significant increase in its offering ahead) and customer experience, CDON’s CMD centred on three main levers for profitable growth: GMV, GPAM and cost efficiencies. While reiterating the targets, CEO Fredrik Norberg shared a five-year simulation with the delivery of all three KPIs taking CDON’s scenario EBITDA to SEK 460m in 2028.

We reiterate our equity mid-point value of SEK 315. Following deep dives on product supply (plan for a significant increase in its offering ahead) and customer experience, CDON’s CMD centred on three main levers for profitable growth: GMV, GPAM and cost efficiencies. While reiterating the targets, CEO Fredrik Norberg shared a five-year simulation with the delivery of all three KPIs taking CDON’s scenario EBITDA to SEK 460m in 2028.
Börsvärldens nyhetsbrev
ANNONSER