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SENASTE
Qliro Group, the online operator of marketplace CDON and fashion retailer Nelly, reported Q3 earnings ahead of our forecasts despite weaker sales in the period. Mainly from changed assumptions in central group costs following the dividend and listing of Qliro AB, the consumer bank, we upgrade our earnings forecasts and we set our revised mid-point SOTP equity valuation at SEK 8.50. Next, CDON is targeting a separate listed in November this year.
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