CDON Marketplace Announces Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016
January 25, 2017 at 04:51 am EST
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CDON Marketplace announced earnings results for fourth quarter and full year ended Dec. 31, 2016. For the quarter, the company reported net sales of SEK 657.8 million, adjusted operating income before depreciation and amortization of SEK 23.5 million, adjusted operating income of SEK 16.7 million, cash flow from operations of SEK 194.6 million, investments (capex) of SEK 4 million compared to the net sales of SEK 706.9 million, adjusted operating income before depreciation and amortization of SEK 18.6 million, adjusted operating income of SEK 15.2 million, cash flow from operations of SEK 105 million, investments (capex) of SEK 8.5 million for the same quarter a year ago.
For the year, the company reported net sales of SEK 1,751 million, adjusted operating income before depreciation and amortization of SEK 5.2 million, adjusted operating loss of SEK 15 million, cash flow from operations of SEK 47.9 million, investments (capex) of SEK 11.7 million compared to the net sales of SEK 1,853.5 million, adjusted operating income before depreciation and amortization of SEK 19 million, adjusted operating income of SEK 8.9 million, cash flow from operations of SEK 17.8 million, investments (capex) of SEK 29 million for the previous year.
Cdon AB is a Sweden-based company that offers the online marketplace. On CDON.com, external merchants sell their products to Nordic consumers. Customers can choose to shop and compare prices on products. The company develops the offer for merchants so that they can have access to technical support for pricing, product enrichment, integrations with other service providers and support for reporting and analysis. The company's operations are divided into two operating segments: the core area CDON Marketplace, whose sales come from third-party sellers and other service revenue, and the complementary business area CDON Retail, whose sales are made directly by CDON via its own warehouse or dropshipment.
CDON AB 
