CDON Ab (CDON) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.761 Good afternoon and welcome to the CDO on the third quarter 2025 earnings call. 00:00:04.761 -- 00:00:07.566 My name is Hjalmar and I work at the bank as an analyst. 00:00:07.566 -- 00:00:10.773 We are joined today by CEO Fredrik Norberg and CFO Karl Andersson. 00:00:10.773 -- 00:00:15.282 Welcome, gentlemen. Thank you. And we have a lot to talk about, so let's dive right in. 00:00:15.282 -- 00:00:21.074 All right. Yes, I'm very happy to report another strong quarter. 00:00:21.074 -- 00:00:22.937 First, 00:00:22.937 -- 00:00:25.802 let's dig in a little bit about Sirion Group. 00:00:25.802 -- 00:00:31.431 We consist of Sirion and Fyndik. We have about 100 million 00:00:31.431 -- 00:00:37.080 annual visits and we are operating an asset-light, scalable business model 00:00:37.080 -- 00:00:40.548 with a very efficient working capital structure. 00:00:40.548 -- 00:00:45.755 And we are operating in an attractive market with large potential, where 00:00:45.755 -- 00:00:50.962 we see that the marketplace is very underpenetrated in the Nordic 00:00:50.962 -- 00:00:55.165 market compared to the rest of the world. 00:00:55.669 -- 00:01:00.716 Looking into this quarter and summarizing it, we now are very happy to say 00:01:00.716 -- 00:01:05.983 that we have seven consecutive months of GMV growth and five consecutive months 00:01:05.983 -- 00:01:09.269 of gross profit after marketing growth. 00:01:09.269 -- 00:01:14.160 We still have the positive effect from our European merchants that we have been talking 00:01:14.160 -- 00:01:19.432 about yet ahead of us. And in the quarter, we have also secured 00:01:19.432 -- 00:01:24.784 a capital injection of 45 million SEK that I will dig a little bit deeper 00:01:24.784 -- 00:01:26.784 in. 00:01:27.342...