Aktuellt
SENASTE
CDON, the Nordic marketplace, recorded weaker-than-expected GMV and LBIT in Q3. Adjusting 3P GMV for the fraudulent merchant contributions in Q3 last year, this key driver rather implies "flat" developments y/y and market share gains (market was down 1-2% y/y). We note that SG&A costs are a full SEK 10m higher compared to our forecasts. In all, LBIT of SEK 26m compares to our LBIT forecasts for SEK 10m. For now, we maintain our SEK 450 mid-point value per share in CDON.
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