CDON AB (OTC:CDOAF) Q3 2025 Earnings Call October 23, 2025 8:00 AM EDT
Company Participants
Fredrik Norberg – Chief Executive Officer
Carl Andersson – Chief Financial Officer
Conference Call Participants
Hjalmar Jernstrom – DNB Carnegie Commissioned research
Presentation
Hjalmar Jernstrom
DNB Carnegie Commissioned research
Good afternoon, and welcome to the CDON Third Quarter 2025 Earnings Call. My name is Hjalmar, and I work at the bank as an analyst. We are joined today by CEO, Fredrik Norberg; and CFO, Carl Andersson. Welcome, gentlemen. And we have a lot to talk about, so let’s dive right in.
Fredrik Norberg
Chief Executive Officer
All right. Yes, I’m very happy to report another strong quarter. And first, let’s dig in a little bit about CDON Group. We consist of CDON and Fyndiq. We have about 100 million annual visits, and we are operating an asset light scalable business model with a very efficient working capital structure. And we are operating in an attractive market with large potential where we see that the marketplace is very underpenetrated in the Nordic market compared to the rest of the world. Looking into this quarter and summarizing it, we now are very happy to say that we have 7 consecutive months of GMV growth and 5 consecutive months of gross profit after marketing growth.
We still have the positive effect from our European merchants that we have been talking about yet ahead of us. And in the quarter, we have also secured a capital injection of SEK 45 million that I will dig a little bit deeper in. Looking into the hard numbers, we grew our top line sales GMV with 8% for the group compared to last year. Our main KPI, our gross profit after marketing, we grew even more with 12% compared to last year. And our result, our EBITDA is now SEK 11.5 million compared
