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SENASTE
Presenting at SEB's Small- & Midcap Seminar 2024, CEO Fredrik Norber and CFO Carl Andersson focused on the online marketplace fundamentals and reiterated the guided for cost savings of SEK 40m from integrating Fyndiq into CDON. Clearly its focus on GPAM over volume growth remains intact. April data suggest online market sales are down 3% y/y. For CDON, we maintain our forecasts for a sequential improvement in Q2 3P GMV y/y declines. Our mid-point value is SEK 275 per share.
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