🛍 It is now moving towards an “e-commerce platform” / marketplace positioning where merchants retail products and send these to clients
🚨 BUY ALERT $CDON +23% 🚨
$CDON was founded in 1999 and was part of the Qliro group until September 2020
⭐️ It was then spun out at started operating as a fully independent retailer
🌐 It is now a leading e-commerce player, but is still valued as a brick & mortar retailer
🛍 It is now moving towards an “e-commerce platform” / marketplace positioning where merchants retail products and send these to clients
💸 It retails over 8m products and scored a Gross Merchandise Value of SEK 2.4B ($ 288m) in the 12 months leading to Q3 ’20
🇳🇱 https://t.co/jUdtPRTkdU in the Netherlands is the leading e-commerce player with 111m website visits (+30% in H2 ’20) vs 33m for $AMZN (+67% in H2 ’20)
🇸🇪 https://t.co/m8OyFnNYNJ in Sweden scored 7m visits (+27% in H2 ’20) vs 10.3m for $AMZN (entered market in 2020)
🛍 It doesn’t sell products directly to consumers but takes a commission on sales
📦 It doesn’t need to manage inventory or insure product quality
💸 It generates additional sales through advertising
📊 Provides data-insights on products sold
🛍 Integrations to $SHOP and Magento
📦 Delivery, warehousing management
🇳🇴 Norway: 26%
🇩🇰 Denmark: 25%
🇸🇪 Sweden: 25%
🇫🇮 Finland: 23%
Compared to other European countries:
🇫🇷 France: 22%
🇬🇧 UK: 21%
🇪🇺 EU Average: 18%
https://t.co/5wGqyJQqmd
1️⃣ $CDON was previously valued as a brick & mortar retailer as its activity-mix consisted mainly in conventional retail operations
2️⃣ Marketplace sales now account for 67% of total in Q3 ’20, up from 40% a year earlier
For comparison:
✅ $OZON trades at a PS of 8
✅ $SE trades at a PS of 30
✅ $MELI trades at a PS of 28
5️⃣ When looking only at the “marketplace” sales, these are up 94% YoY to SEK 1.5B ($ 180m)
Happy to hear your thoughts!
@miljonjakten
@cmuggla
@KodarnMotMelon
@mhvestergaard
@Matematikern3
@JGSventures
@SJ_Invest
@tjylha
@Andan_swe
⁉️ Other gem worth surfacing ⁉️
🔥 $GFG.DE is on the watchlist as well
Disclaimer - This is not investment advice in any form and investors are responsible for conducting their own research before investing.
Don’t MISS anything 📩 Subscribe NOW ⚡️
https://t.co/lQ6ay1zmm2