CDON announced today that it intends to carry out a directed share issue of c. SEK 40m (through an accelerated book building procedure) and thus marks the end of its strategic review process initiated in April this year. The proceeds of the issue are to be used to fund further growth initiatives. CDON also released preliminary numbers for the first two months of Q3: GMV was SEK 329m (+7% y/y ) and EBITDA was SEK 9.1m, up 79% y/y (vs. our full Q3 EBITDA estimate of SEK 5.4m).
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