CDON delivered a strong fourth quarter with accelerating momentum across key operational metrics. GMV increased to SEK 440m, marking the highest growth rate since Q1 2022, at 15.4%. EBITDA reached SEK 18.2m, up from SEK 10.5m in Q4 2024. We are impressed with the turnaround made in 2025. 2026 is set to be a year of investments aimed at delivering strong EBITDA growth from 2027 onwards.
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