CDON AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 12, 2024 at 12:00 pm
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CDON AB reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was SEK 97.2 million compared to SEK 104.2 million a year ago. Net loss was SEK 34.2 million compared to SEK 34.3 million a year ago. Basic loss per share from continuing operations was SEK 3.18 compared to SEK 3.49 a year ago. Diluted loss per share from continuing operations was SEK 3.18 compared to SEK 3.49 a year ago.
For the six months, sales was SEK 192.9 million compared to SEK 195.7 million a year ago. Net loss was SEK 61.3 million compared to SEK 39.3 million a year ago. Basic loss per share from continuing operations was SEK 5.7 compared to SEK 4.83 a year ago. Diluted loss per share from continuing operations was SEK 5.7 compared to SEK 4.83 a year ago.
Cdon AB is a Sweden-based company that offers the online marketplace. On CDON.com, external merchants sell their products to Nordic consumers. Customers can choose to shop and compare prices on products. The company develops the offer for merchants so that they can have access to technical support for pricing, product enrichment, integrations with other service providers and support for reporting and analysis. The company's operations are divided into two operating segments: the core area CDON Marketplace, whose sales come from third-party sellers and other service revenue, and the complementary business area CDON Retail, whose sales are made directly by CDON via its own warehouse or dropshipment.
CDON AB 
