CDON: GMV accelerated, but one-off costs pushed Q3 EBITDA negative
CDON reported Q3 GMV up 18% with September growth at 32%, while reported EBITDA turned negative at SEK -5.4m on one-off and growth costs, per TradingView.
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what happened
According to TradingView, CDON's gross merchandise value rose 18% in the third quarter, and growth picked up to 32% in September. Reported EBITDA fell to SEK -5.4 million, weighed down by final costs of the first-party (1P) model and front-loaded investments. Adjusted EBITDA came in at SEK 1.0 million.
Management kept its ambition of nearly SEK 100 million in EBITDA for 2027.
why it matters
For investors, the key question is whether faster sales growth will turn into profit. The results show whether the growth investments will pay off and how realistic the 2027 target is, which management has not changed.
market impact
CDON: fast sales growth alongside an EBITDA loss puts focus on investment payback and the 2027 target
tags
instruments
sources
- CDON: GMV accelerated, but one-off costs and growth investment weighed on Q3 EBITDA — TradingView, 22 October 2026 at 05:07 UTC
- CDON: GMV accelerated, but investment and 1P exit costs kept Q3 EBITDA negative — TradingView, 22 October 2026 at 05:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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