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SENASTE
Ahead of CDON Group’s Q2 results (due on 12 July), we reiterate our financial forecasts and our mid-point equity value of SEK 275 per share. This implies that while we project continuing declines in 3P GMV developments (reflecting negative site traffic numbers in April and May), we also expect Q2 KPIs to improve sequentially. Svensk Handel’s online indicator recorded strong trading in May, corroborating improving consumer confidence.
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