CDON Ab (CDON) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.305 Good morning and welcome to the CDON Q1 2026 earnings presentation. 00:00:05.305 -- 00:00:08.874 We are joined today by Fredrik Norberg, CEO and Karl Andersson, CFO. 00:00:08.874 -- 00:00:10.297 Welcome, gentlemen. 00:00:10.297 -- 00:00:15.576 Thank you. Thank you and welcome to this earnings call and 00:00:15.576 -- 00:00:18.497 at a new time, early 00:00:18.499 -- 00:00:24.487 hours and we will continue with this new time going forward as well. 00:00:24.487 -- 00:00:29.633 Together with me today as usual we have our CFO Karl Andersson who will dig 00:00:29.633 -- 00:00:33.879 into the numbers later on. First, 00:00:33.879 -- 00:00:39.045 a little bit summary of who we are. We are one of the leading marketplaces 00:00:39.045 -- 00:00:44.332 in the Nordics, having 3 million active customers with 100 million 00:00:44.332 -- 00:00:49.578 annual visits. We are operating two segments, Cedion and Fyndik, with 00:00:49.578 -- 00:00:53.643 an asset-light and scalable business model. 00:00:53.643 -- 00:00:59.090 And we are operating in a highly attractive market with large 00:00:59.090 -- 00:01:01.090 potential 00:01:01.173 -- 00:01:04.117 where we can see an anomaly 00:01:04.117 -- 00:01:09.223 in the Nordics compared to the rest of the world in how you shop online, where 00:01:09.223 -- 00:01:13.769 we shop much less online through marketplaces in the Nordics. 00:01:13.769 -- 00:01:17.268 And that we want to change, of course. 00:01:17.268 -- 00:01:21.633 To summarize the quarter, we have a solid start of the year. 00:01:21.633 -- 00:01:25.898 We continue a solid growth from our last quarter. 00:01:25.898 -- 00:01:31.264 We have 14% in GMV growth and 9% in GPAM growth. 00:01:31.264 -- 00:01:36.310 We continue with a positive EBITDA traje...