CDON Ab (CDON) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Cdon Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.183 -- 00:00:05.413 Hello and welcome to CDON Group's earnings call for the first quarter of this 00:00:05.413 -- 00:00:07.397 year. 00:00:07.397 -- 00:00:12.466 Next to me, as usual, we have our CFO, Carl, who will join us later on for some 00:00:12.466 -- 00:00:16.109 more digging into the numbers. 00:00:17.315 -- 00:00:22.636 Thank you. To summarize this quarter, it was a challenging start 00:00:22.636 -- 00:00:24.278 of the year. 00:00:24.278 -- 00:00:29.422 We had a weak start with a weak January and February. 00:00:29.544 -- 00:00:34.630 We did a lot of operational work to turn this around during February and 00:00:34.630 -- 00:00:39.115 identified a lot of adjustments that we implemented. 00:00:39.115 -- 00:00:42.659 And happily enough, we saw that it yielded a good return. 00:00:42.659 -- 00:00:46.977 So we had a good ending at least of the quarter. 00:00:46.977 -- 00:00:52.109 And we just released that we also are now reviewing 00:00:52.109 -- 00:00:55.257 strategic alternatives 00:00:55.257 -- 00:00:59.583 in order to realize our business full potential. 00:01:00.072 -- 00:01:05.000 Starting with the sales, as I mentioned, very weak start of the year, both January and 00:01:05.000 -- 00:01:08.826 February were way below our expectations. 00:01:08.826 -- 00:01:14.074 In February, we identified the problems we had, both with 00:01:14.074 -- 00:01:20.103 some key merchants, but also with some key categories that were underperforming. 00:01:20.103 -- 00:01:25.250 We implemented and worked really swiftly with this and managed 00:01:25.250 -- 00:01:29.056 to implement a lot of changes during the end of February. 00:01:29.056 -- 00:01:33.543 And looking on March, we can see that it was a 00:01:33.543 -- 00:01:37.866 good comeback, so to say, for th...