CDON: Strong preliminary Q3 numbers, and a c. SEK 40m directed share issue - SEB
19 september, 07:21
19 september, 07:21
CDON announced today that it intends to carry out a directed share issue of c. SEK 40m (through an accelerated book building procedure) and thus marks the end of its strategic review process initiated in April this year. The proceeds of the issue are to be used to fund further growth initiatives. CDON also released preliminary numbers for the first two months of Q3: GMV was SEK 329m (+7% y/y ) and EBITDA was SEK 9.1m, up 79% y/y (vs. our full Q3 EBITDA estimate of SEK 5.4m).
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
19 september, 07:21
CDON announced today that it intends to carry out a directed share issue of c. SEK 40m (through an accelerated book building procedure) and thus marks the end of its strategic review process initiated in April this year. The proceeds of the issue are to be used to fund further growth initiatives. CDON also released preliminary numbers for the first two months of Q3: GMV was SEK 329m (+7% y/y ) and EBITDA was SEK 9.1m, up 79% y/y (vs. our full Q3 EBITDA estimate of SEK 5.4m).
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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