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Investing.com -- CDON AB on Tuesday reported solid second quarter results showing a return to Gross Merchandise Value (GMV) growth and improved EBITDA profitability.
The Nordic e-commerce marketplace posted Group GMV growth of 8% year-over-year in Q2 2025, a significant improvement from the declines of 11.8% and 10.8% seen in Q1 2025 and Q4 2024, respectively.
Within the company’s segments, CDON’s core business grew 6.4% compared to declines of 14.2% and 16.6% in the previous two quarters.
The Fyndiq segment showed stronger performance with 12.8% growth, rebounding from a 4.3% decline in Q1 2025.
CDON achieved Group EBITDA of SEK0.4 million in the quarter, compared to a loss of SEK9.4 million in the same period last year.
The company attributed the overall performance improvement to its growth initiatives.
Group GMV and Gross Profit After Marketing (GPAM) came in 25.6% and 20.4% ahead of estimates, respectively.
The CDON segment’s GMV and GPAM exceeded expectations by 28.2% and 8.6%, while Fyndiq’s GMV and GPAM fell 18.8% and 35.6% below estimates.
The company continues to evaluate strategic alternatives to maximize shareholder value, a process first announced in April 2025.
CDON has maintained its qualitative long-term goals of becoming the leading marketplace in the Nordics with double-digit market share, increasing take rate, and achieving strong incremental margins.
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