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SENASTE
CDON Group, including Fyndiq, the Nordic region’s leading marketplace for bargains, will report Q4 results on 15 February. We expect weak online markets and continuing churn of merchants to combine to weigh on 3P GMV growth in the period. Focusing on profitability, gross profits after marketing (GPAM) and EBITDA will significantly improve y/y in Q4E. Based on revised forecasts we maintain our SEK 315 per share mid-point equity value.
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