CDON Group AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
CDON Group AB to Divest Heppo AB
CDON Group AB announced that it has entered into an agreement to sell the operations of subsidiary Heppo AB to Footway Group AB. The transaction is made through an asset deal and includes the majority of Heppo AB's assets, as well as the liabilities attributable thereto. Heppo AB is part of the Group's fashion segment and reported total net sales of approximately SEK 103 million and an operating result of approximately negative SEK 20 million in 2012. The purchase price is estimated to SEK 42 million, half of which is received as a cash consideration at closing, and the remainder received as four installments between September 2013 and June 2014. The transaction is expected to close on April 18, 2013 and affect second quarter earnings with approximately negative SEK 3 million. Heppo AB's is an online retailer of shoes and accessories founded by CDON Group in August 2010. Heppo operates the Nordic online stores heppo.se, heppo.no, heppo.dk and heppo.fi.
Latest Key Developments in SMiscellaneous
- XEBIO CO LTD lowers consolidated mid-year and full-year outlook for FY 2015
- Natural Grocers By Vitamin Cottage Inc reaffirms FY 2014 comparable store sales outlook; lowers high end of prior FY 2014 EPS outlook to a range in line with analysts' estimates; gives FY 2015 outlook
- Stamps.com Inc raises FY 2014 guidance, reaffirms EPS guidance
- FTD Companies Inc gives Q2 2014 earnings guidance; revenue guidance below analysts' estimates
- Share this
- Digg this