CDON Ab (CDON) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Perfect. Thank you, Hjalmar. Welcome to this earnings call in this new 00:00:05.118 -- 00:00:07.282 venue of 00:00:07.282 -- 00:00:12.409 DMB Carnegie's headquarter. Next to my side, as usual, I have 00:00:12.409 -- 00:00:19.016 our CFO, Karl Andersson, who will jump in when we're talking about numbers later on. 00:00:19.319 -- 00:00:21.743 First, to give you a backdrop, 00:00:21.743 -- 00:00:27.073 this is Sidon Group. We consist of two marketplace brands, Sidon 00:00:27.073 -- 00:00:32.242 and Findic. Combined, we have three million active customers. 00:00:32.242 -- 00:00:37.511 This means that we have, the last 12 months, have three 00:00:37.511 -- 00:00:42.809 million unique customers who have purchased something on Sidon or Findic. 00:00:42.809 -- 00:00:48.197 We have annual visits of 100 million and combined from 3,000 00:00:48.197 -- 00:00:53.224 merchants, we have 30 million SKUs products for sale 00:00:53.224 -- 00:00:56.028 at our marketplaces. 00:00:56.028 -- 00:01:01.156 We are operating an asset-light scalable business model fueled by a negative 00:01:01.156 -- 00:01:06.363 cash cycle. This means that we get within one to two days, we get paid 00:01:06.363 -- 00:01:12.796 from customers and then roughly two weeks later, we pay out to the merchants. 00:01:12.796 -- 00:01:18.624 And we are operating in a highly attractive market, the eco-market of Nordics, 00:01:18.624 -- 00:01:20.927 with a large potential. 00:01:20.927 -- 00:01:25.173 The potential we're talking about is how you are shopping online. 00:01:25.173 -- 00:01:29.680 In the rest of the developed world, you are shopping through marketplaces when you shop 00:01:29.680 -- 00:01:33.525 online. In the Nordics, 10% 00:01:33.525 -- 00:01:37.366 of the online shoppe...