CDON Ab (CDON) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Perfect. Thank you, Hjalmar. Welcome to this earnings call in this new venue of DMB Carnegie's headquarter. Next to my side, as usual, I have our CFO, Karl Andersson, who will jump in when we're talking about numbers later on. First, to give you a backdrop, this is Sidon Group. We consist of two marketplace brands, Sidon and Findic. Combined, we have three million active customers. This means that we have, the last 12 months, have three million unique customers who have purchased something on Sidon or Findic. We have annual visits of 100 million and combined from 3,000 merchants, we have 30 million SKUs products for sale at our marketplaces. We are operating an asset-light scalable business model fueled by a negative cash cycle. This means that we get within one to two days, we get paid from customers and then roughly two weeks later, we pay out to the merchants. And we are operating in a highly attractive market, the eco-market of Nordics, with a large potential. The potential we're talking about is how you are shopping online. In the rest of the developed world, you are shopping through marketplaces when you shop online. In the Nordics, 10% of the online shoppers are doing this through marketplaces. And this leads us to our mission to unleash the power of the marketplace to give the best shopping experience in the Nordics. All right, to summarize this quarter, I'm very happy to report that we are regaining momentum. Our first quarter, this was the first quarter with growth, both in GMB and gross profit after marketing since the merger. And this includes both segments, both Cedeon and Findic. We have a continued positive sales from end of Q1 with four consecutive months with positive GMB growth. And our positive effect from the new European merchants we have been ta...