CDON Ab (CDON) Q2 2026 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 00:00:00.091 -- 00:00:04.714 Hello, and welcome to the CDOM Group Q2 2026 earnings call. 00:00:04.714 -- 00:00:09.818 My name is Hjalmar Jernström, and I'm an analyst, and I'm joined today by CEO Fredrik 00:00:09.818 -- 00:00:12.560 Nordberg and CFO Karl Andersson. Welcome, gentlemen. 00:00:12.560 -- 00:00:17.924 Thank you. Welcome, everybody. Together with me, as usual, 00:00:17.924 -- 00:00:23.297 we have our CFO, Karl Andersson, who will join us in a bit. 00:00:23.297 -- 00:00:25.460 For some background, 00:00:25.460 -- 00:00:30.545 Celion Group operates two marketplaces, Celion and Fyndik in 00:00:30.545 -- 00:00:35.551 the Nordics. We have 3 million active customers, 100 million 00:00:35.551 -- 00:00:39.427 annual visits, and 3,000 active merchants. 00:00:39.427 -- 00:00:45.551 We operate an asset-light scalable business with an efficient working capital structure, 00:00:45.551 -- 00:00:50.134 and we are in a highly attractive market potential 00:00:50.134 -- 00:00:55.577 with the anomaly of how we shop online in the Nordics compared 00:00:55.577 -- 00:01:00.680 to the rest of the world, where you utilize marketplaces in much 00:01:00.680 -- 00:01:03.300 higher extent. 00:01:03.549 -- 00:01:08.790 We will also get back a little bit to the asset-light part since we 00:01:08.790 -- 00:01:13.991 now can also disclose that we are closing down our 1P business. 00:01:13.991 -- 00:01:19.852 So from now on, we are a pure 3P marketplace player. 00:01:20.352 -- 00:01:22.973 To summarize this quarter, 00:01:22.973 -- 00:01:27.553 it's a quarter of top-line growth and front-loaded investments. 00:01:27.553 -- 00:01:31.479 We do have a volume expansion across both segments. 00:01:31.479 -- 00:01:36.665 13% GV growth, but with a reported GPAM of minus 00:01:36.665 -- 0...