CDON: Top-line growth continues - SEB
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CDON: Top-line growth continues - SEB

We look for mid-single growth in CDON’s group GMV in Q1. One reason being easy comps in the CDON segment, but also continued good momentum in overall underlying demand. The growth initiatives communicated last year are to a large extent implemented and ongoing. We model a small loss in EBITDA in Q1. We reiterate our valuation range of SEK 89-119.

We look for mid-single growth in CDON’s group GMV in Q1. One reason being easy comps in the CDON segment, but also continued good momentum in overall underlying demand. The growth initiatives communicated last year are to a large extent implemented and ongoing. We model a small loss in EBITDA in Q1. We reiterate our valuation range of SEK 89-119.
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