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Cdon: Report was in line with our estimates - Redeye

CDON’s Q1’21 showed no big surprises. The number of customer visits was down a bit y/y, while the merchant intake showed strength (+200 in Q1’21). We have altered our near-term estimates slightly, but the investment case is unchanged.

CDON’s Q1’21 showed no big surprises. The number of customer visits was down a bit y/y, while the merchant intake showed strength (+200 in Q1’21). We have altered our near-term estimates slightly, but the investment case is unchanged.
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