Interim report 1 April - 30 June 2021

CDON ends challenging quarter on a promising note

SECOND QUARTER

· Total gross merchandise value decreased by 10 percent to SEK 512,3 (567,0) million

· Gross merchandise value for CDON Marketplace (3P) increased by 4 percent to SEK 433,2 (414,9) million. April negative growth, and May and June just below double digit growth

· Net sales amounted to SEK 118,8 (197,3) million. Net sales by CDON Marketplace decreased by 15 percent to SEK 41,2 (48,4) million, while CDON Retail net sales also decreased as the process of reducing sales of own inventory continued according to plan

· Gross margin increased by 8,8 percentage points to 38,4 (29,6) percent

· Operating profit before depreciation and amortization amounted to SEK -18,7 (1,3) million

· Net income for the period amounted to SEK -23,6 (-3,8) million

· Earnings per share amounted to SEK -3,93 (-0,64)

FIRST SIX MONTHS

· Total gross merchandise value decreased by 4 percent to SEK 984,6 (1021,5) million

· Gross merchandise value for CDON Marketplace (3P) increased by 13 percent to SEK 812,9 (717,5) million

· Net sales amounted to SEK 250,3 (382,0) million. Net sales by CDON Marketplace remained flat and amounted to SEK 82,0 (82,4) million, while phase out of CDON Retail resulted in net sales decrease by 44 percent

· Gross margin increased by 10,5 percentage points to 37,4 (26,9) percent

· Operating profit before depreciation and amortization amounted to SEK -27,6 (-0,4) million

· Net income for the period amounted to SEK -37,4 (-18,4) million

· Earnings per share amounted to SEK -6,22 (-3,06)

"In May, we saw a rebound, that continued in June, and we expect it to continue in July. The marketplace GMV growth in May compared to last year sales was positive and in June the period's year on year growth was higher than in May. Comparable figures from last year are tough due to pandemic effect last year, but we believe we are now back to growth higher than the underlying market growth."

Significant events during and after the quarter

Kristoffer Väliharju, CEO of CDON, resigned during the quarter.

During the quarter, CDON launched CDON Ads, the company's new advertising tool. This tool enables external merchants to increase their sales and visibility through sponsored products on CDON Marketplace.

On June 7th, CDON held its Annual General Meeting. Among the items decided upon was the reelection of existing members of the Board of Directors and the addition of new members Savneet Singh and Georg Westin.

The Board of Directors of CDON AB announced after the quarter that Allan Junge-Jensen has been appointed interim CEO of CDON AB starting July 26th. Mr. Junge-Jensen has extensive experience from various commercial and leadership positions within e-commerce and retail, among other as the Group CFO for Boozt AB, one of the largest fashion e-retailers in the Nordics. He replaces Kristoffer Väliharju who leaves his full-time position on July 26th. The process for a new permanent CEO is ongoing.

CDON entered after the quarter into an agreement to acquire 30 percent of the shares in Shopit Online Europe AB. CDON will pay SEK 26.6M cash for 30 percent of the shares and enter into a commercial agreement. With the acquisition, CDON will have an option to acquire the remaining 70 percent within 18 months to a set price. The acquisition is expected to springboard CDON's product data quality at least one year forward and will take the customer experience within product data to the next level.

During and after the quarter, a change within the Management Team took place. David Olhed, COO, continues in the Management Team as Chief Merchant Officer, Linda Andersson, Head of Onboarding, joins the Management Team as Chief Category Officer. As previously announced, Eldar Terzic will join the Management Team as Chief Product & Technology Officer. Furthermore, CDON has recruited a new Chief Strategy Officer starting early 2022, who will be announced at a later date. Previous CPO, CTO & CHRO resigned during the quarter.

This information is information that CDON AB is required to disclose under the EU Market Abuse Regulation. The information was released for publication through the agency of the above contacts at 13:00 CEST on July 14, 2021.

Conference call

Analysts, investors, and the media are invited to a conference call today at 14:00 CEST. The conference call will be held in English.

To participate in the conference call, please dial:

SE: +46 850558359

UK: +44 3333009264

US: +1 8338230589

Link to Webcast: https://tv.streamfabriken.com/cdon-q2-2021

Speakers will be Chairperson of the Board Josephine Salenstedt and CFO Niclas Szieger

The presentation material and webcast will be published afterwards at https://investors.cdon.com/en/investor-relations/presentations

For more information:
Eric Thysell
Investor Relations Manager
E-mail: [email protected]

Certified Adviser
FNCA Sweden AB is the company's Certified Adviser.
Phone: +46 (0) 8 528 00 399
E-mail: [email protected]

About CDON

CDON was founded in 1999 and is now the biggest marketplace in the Nordic region. During 2020 we had over 120 million visits and 2.3 million customers. Customers can choose to buy and compare prices for millions of products at CDON, by far the widest range of all Nordic e-retailers. Over 1,500 merchants use CDON's platform and technology to increase their sales. This gives CDON a wide range of products within, movie, music, computers, games, office supplies, books, toys, consumer electronics, household appliances, sport, outdoor, beauty care, fashion, shoes, computers, and computer products. CDON is listed on Nasdaq First North Growth Market with the abbreviation CDON.

INBJUDAN TILL PRESENTATION AV CDONS KVARTALSRAPPORT Q3 2021

CDONs kvartalsrapport avseende perioden juli-september 2021, publiceras den 21 oktober 2021 kl 13:00 CEST.


INVITATION TO PRESENTATION OF CDON'S INTERIM REPORT Q3 2021

CDON's interim report for the period July-September 2021, will be published on October 21, 2021 at 13:00 CEST.


Från osynliga hjälmar till Nordens största marknadsplats - CDON rekryterar Apollonia San Contreras för att satsa på varumärkeskännedomen

Som ett led i CDONs fortsatta utveckling med kundupplevelse och varumärkeskännedom i fokus, stärker man nu upp marknadsavdelningen genom att knyta till sig Apollonia San Contreras i rollen som Head of Marketing. Apollonia tillträder sin nya tjänst den första december 2021.


From invisible helmets to the Nordic region's largest marketplace - CDON is recruiting Apollonia San Contreras to focus on brand awareness

As part of CDON's continued development with customer experience and brand awareness, the marketing department is now being strengthened by Apollonia San Contreras, who is taking on the role of Head of Marketing. Apollonia will start in her new role December 1st, 2021.


CDON utser Stefan Egerstad till interim CFO

CDON AB meddelar att Stefan Egerstad har utsetts till interim CFO för CDON AB från och med den 1 november.


CDON appoints Stefan Egerstad as interim CFO

CDON AB announces that Stefan Egerstad has been appointed interim CFO of CDON AB starting November 1st.


CDON genomför riktad nyemission av 440 000 aktier och tillförs ca 200 MSEK

EJ FÖR PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE, DIREKT ELLER INDIREKT, HELT ELLER DELVIS, INOM ELLER TILL AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SCHWEIZ, SINGAPORE, SYDAFRIKA, USA, ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE AV DETTA PRESSMEDDELANDE SKULLE VARA I STRID MED GÄLLANDE REGLER ELLER KRÄVA YTTERLIGARE REGISTRERING ELLER ANDRA ÅTGÄRDER. VÄNLIGEN SE "VIKTIG INFORMATION" I SLUTET AV PRESSMEDDELANDET.


CDON completes a directed issue of 440 000 shares, raising proceeds of approximately SEK 200 million

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. PLEASE SEE "IMPORTANT INFORMATION" AT THE END OF THE PRESS RELEASE.


CDON utreder förutsättningarna för att genomföra en riktad nyemission av aktier

EJ FÖR PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE, DIREKT ELLER INDIREKT, HELT ELLER DELVIS, INOM ELLER TILL AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SCHWEIZ, SINGAPORE, SYDAFRIKA, USA, ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE AV DETTA PRESSMEDDELANDE SKULLE VARA I STRID MED GÄLLANDE REGLER ELLER KRÄVA YTTERLIGARE REGISTRERING ELLER ANDRA ÅTGÄRDER. VÄNLIGEN SE "VIKTIG INFORMATION" I SLUTET AV PRESSMEDDELANDET.


CDON explores the conditions for carrying out a directed share issue

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. PLEASE SEE "IMPORTANT INFORMATION" AT THE END OF THE PRESS RELEASE.


CDONs CFO lämnar

CFO, Niclas Szieger, har idag beslutat att lämna sin nuvarande position i CDON.


CDON's CFO leaves his position

CFO Niclas Szieger, has today decided to leave his current position at CDON.


Interim report 1 April - 30 June 2021

CDON ends challenging quarter on a promising note


CDON förvärvar 30% av Shopit Online Europe AB

CDON har idag ingått ett avtal om att förvärva 30 procent av aktierna i Shopit Online Europe AB för en kontant köpeskilling om 26,6 Mkr. I samband med transaktionen ingår parterna också ett kommersiellt avtal.


CDON acquires 30% of Shopit Online Europe AB

CDON has today entered into an agreement to acquire 30 percent of the shares in Shopit Online Europe AB. CDON will pay SEK 26.6M cash for 30 percent of the shares and enter into a commercial agreement.


CDON utser Allan Junge-Jensen till tillförordnad VD

Styrelsen för CDON AB meddelar att Allan Junge-Jensen har utsetts till tillförordnad
VD för CDON AB från och med den 26 juli.


CDON appoints Allan Junge-Jensen as interim CEO

The Board of Directors of CDON AB announces that Allan Junge-Jensen has been
appointed interim CEO of CDON AB starting July 26th.


INBJUDAN TILL PRESENTATION AV CDONS KVARTALSRAPPORT Q2 2021

CDONs kvartalsrapport avseende perioden april-juni 2021, publiceras den 14 juli 2021 kl 13.00 CEST.


INVITATION TO PRESENTATION OF CDON'S INTERIM REPORT Q2 2021

CDON's interim report for the period April-June 2021, will be published on July 14, 2021 at 13.00 CEST.


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