CDON Ab (CDON) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to CDON's Q4 presentation and update on growth initiatives. We have with us CEO Fredrik Nordberg and CFO Carl Andersson. Welcome, gentlemen. Thank you. And you will present the fourth quarter and provide an update on the growth initiatives as well as answer questions during the Q&A session. Questions can be submitted live and will be addressed during the session. With that said, I hand over the word to you. Thank you. I'm here today, as usual, with our CFO, Carl, and he will join us later on in the call. But first off, CDON group operates two different marketplaces. Fyndik focus on discount shopping and with the topping of TikTok trending products. CDON is focused on quality products and mainly on consumer electronics. We have roughly 100 million annual visits and we offer about 30 million products for sale. We operate an asset-light and scalable business model and we have a big potential when it comes to the marketplace penetration. Where this is a very common way of shopping online for the rest of the world, it's only 10% that does that in the Nordics. And with this we have our mission which is to unleash the power in the marketplace and give the best shopping experience in the Nordics. With this said, we can sum up a growth year and increase profit. We have a solid full year GMV growth despite the very weak start of the year with a strong ending. And we had 15% growth in GMV in Q4 and a full year growth of 9%. On top of that, we have strong profitability where we have a full year EBITDA growth of 26 million SEC up to 31 million SEC in total. And we have our growth initiatives that have started according to plan and we will come back and describe them further on later on in the call. Looking at the numbers, we have the plus 15% for Q4 and...