1. CDON Group announced a rights issue of SEK 650 million to capture growth opportunities such as expanding subsidiaries like Nelly, launching the Qliro Payment Solution, and strengthening its balance sheet.
2. In Q3 2014, CDON Group saw sales growth of 21% and a positive operating profit. All business segments showed sales growth, led by a 30% increase at Nelly.
3. CDON Group will change to a new financial reporting structure with separate reporting for business segments like CDON.com, Nelly, Tretti, and Gymgrossisten. It will also adopt new long-term financial targets for each company.
Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
The story. The people. The Group.
Träffa våra varumärken och några av de 1.030 fantastiska människorna och gör CDON Group vad vi är idag.
Oktober 2012.
Nordnet's interim report for the period January-September 2014.
Highlights from the third quarter:
- Launch of the social investing network Shareville
- The Super funds available on all Nordic markets
- Continued strong underlying growth of customers and net savings
Highlights of the third quarter of 2014. Net sales amounted to SEK 28,784m (27,258). Sales increased by 5.6%, whereof currencies had a positive impact of 4.0%. Strong improvement in operating income for Major Appliances in Europe.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. 1
Third Quarter and First Nine Months 2014
The following presentation is not a prospectus. Its purpose is to serve as information regarding the announced rights issue in CDON Group AB (publ) ("CDON Group"). This presentation must not be made public, published or distributed, in whole or in part, directly or indirectly, in or into the United States, Canada, Japan, Hong Kong or Australia or in any other country where such publication or distribution would be in breach of applicable laws or regulations or would necessitate further documentation being drawn up or registered, or would necessitate any other action being taken, in addition to the requirements laid down by Swedish law. For further information, please see the final page of this presentation.
3. ~300 MSEK
~100 MSEK
~250 MSEK
• Expansion of subsidiaries, especially Nelly
• Launch and roll-out of Qliro Payment Solution
• Strengthen balance sheet by early redemption of convertible bond
Total: 650 MSEK
Rights issue of SEK 650 million1 to capture
growth opportunities
3
• New transparent financial reporting
• New long-term financial targets per company substituting former targets for the Group
• The Board of CDON Group/Qliro Group has decided on a rights issue of SEK 650 million1 to existing shareholders
• Fully committed and underwritten by Kinnevik and expected to be completed before year end 2014
1
2
3
1) Before transaction cost, which will be deducted from the issue proceeds allocated
to Qliro Payment Solution and growth in subsidiaries
4. Highlights
•Sales growth of 21% and a positive operating profit in Q3
•All segments showed sales growth
•Strong growth of 30% within Nelly in Q3
•Launch of Qliro pilot test on Tretti.se
•Launch of Gymsector.com EU-site
4
6. Income Statement
•Net sales, excluding divested operations were up 21%.
•Gross margin amounted to 13.5% (12.6%).
•Operating profit (EBIT), adjusted for divested operations and non-recurring items, improved, amounting to SEK 1.5 (-17.2) million for the quarter.
•The Group’s financial net amounted to SEK -8.1 (-6.3) million for the quarter.
•Tax income of SEK 1.9 (3.2) million.
6
Excluding divested entities
2014
2013
2014
2013
(SEK million)
Q3
Q3
Jan-Sep
Jan-Sep
Net Sales
1,121.2
928.8
3,317.2
2,888.1
Gross profit
151.5
117.0
502.6
413.4
Gross margin (%)
13.5%
12.6%
15.2%
14.3%
EBITDA
8.3
-12.1
19.4
-10.5
EBITDA margin (%)
0.7%
-1.3%
0.6%
-0.4%
EBIT
1.5
-17.2
0.6
-25.3
EBIT margin (%)
0.1%
-1.9%
0.0%
-0.9%
Including divested entities
EBIT
1.6
-17.9
36.6
-74.6
Financial Net
-8.1
-6.3
-18.1
-28.0
Income before tax
-6.6
-24.3
18.5
-102.6
Net income
-4.7
-21.1
12.3
-83.1
Basic earnings per share (SEK)
-0.05
-0.21
0.11
-1.03
Diluted earnings per share
-0.05
-0.21
0.11
-1.03
7. Cash Flow
•Cash flow from operating activities improved to SEK 4.3 (-15.2) million.
•Cash flow from operations decreased to SEK -97.7 (14.6) million, primarily attributable to a higher outflow relating to stockpiling ahead of the fourth quarter.
•Cash flow from operations in the first nine months improved by SEK 84 million.
•Cash flow from investing activities in Q3 amounted to SEK -24.2 (-11.4) million.
•Cash flow from financing activities amounted to SEK -6.5 (-166.2) million.
7
2014
2013
2014
2013
(SEK million)
Q3
Q3
Jan-Sep
Jan-Sep
Cash flow from operating activities
4.3
-15.2
9.6
-83.6
Changes in working capital
-102.0
29.8
-202.7
-193.0
Cash flow from operations
-97.7
14.6
-193.1
-276.6
Cash flow from/to investing activities
-24.2
-11.4
11.4
-21.3
Cash flow from/to financing activities
-6.5
-166.2
-6.5
336.0
Change in cash and cash equivalents for the period
-128.4
-163.0
-188.2
38.2
Cash and cash equivalents at the period's start
230.1
327.2
288.9
126.1
Translation difference
0.7
-0.5
1.8
-0.5
Cash and cash equivalents at the period's end
102.4
163.8
102.4
163.8
8. Financial Position
•Inventory levels increased by around 21% to SEK 689.3 (569.5) million
•Cash and cash equivalents decreased by SEK 128.4 million in Q3, from SEK 230.1 million to SEK 102.4 (163.8) million
•Total consolidated assets increased by around 7% to SEK 1,748.9 (1,627.4) million.
•At the end of the quarter, the Group had a net debt position of SEK 136.1 (65.6) million, made up of cash and cash equivalents of SEK 102.4 million and the convertible bond with a book value of SEK 238.5 million.
8
2014
2013
(SEK million)
30-Sep
30-Sep
Total non-current assets
767.8
723.2
Inventories
689.3
569.5
Total receivables
189.4
170.9
Cash and cash equivalents
102.4
163.8
Total assets
1,748.9
1,627.4
Total equity
698.9
673.3
Interest bearing liabilities
238.5
244.4
Non-interest bearing liabilites
811.4
709.6
Total equity and liabilities
1,748.9
1,627.4
9. New financial reporting and segments
9
•In order to improve disclosure in the reporting, a number of new key ratios will be reported from the third quarter.
•Additionally, the segment reporting is changed due to the new strategy.
•CDON.com and Lekmer will from now on be reported as separate segments. CDON.com and Lekmer previously formed the Entertainment segment.
•The names of the Fashion- and Sports & Health-segments are changed to Nelly and Gymgrossisten respectively.
•The former Home & Garden-segment is renamed to Tretti, and comprises only Tretti after the divestment of Rum21 AB’s operations.
CDON
Nelly
Tretti
Gymgrossisten
Lekmer
37%
22%
18%
14%
9%
CDON
Nelly
Gymgrossisten
Tretti
Lekmer
Segment sales distribution
16. Forward looking statement
•Deliver balanced sales growth and increased market shares, especially in Nelly and Gymgrossisten.
•Qliro Payment Solution will be reported in the new segment Qliro Financial Services as of Q4 2014. Due to the large volumes during the fourth quarter Qliro Financial Services is expected to report a negative operating result of SEK 10-15 million in Q4 2014.
•Warehouse consolidation within CDON.com started in Q4 and will gradually be carried out during 12 months. Investments expected to amount to SEK 10-15 million.
•CDON Group has agreed to redeem the convertible bond in December 2014 for approximately SEK 250 million, subject to completion of the rights issue.
•Fully guaranteed rights issue is expected to be completed during Q4 2014.
•Change of Group name to Qliro Group subject to EGM approval.
16
17. THANK YOU!
Follow us on Twitter at twitter.com/cdongroup
For further information, please visit cdongroup.com or contact ir@cdongroup.com, +46 (0) 10 703 20 00
Next report: 28 January 2015
18. IMPORTANT INFORMATION This presentation does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in CDON Group. This document has not been approved by any regulatory authority. This document is not a prospectus and investors should not subscribe for or purchase any securities referred to in this presentation except on the basis of information provided in the prospectus to be published by CDON Group. In certain jurisdictions, the publication or distribution of this presentation may be subject to restrictions according to law and persons in those jurisdictions where this presentation has been published or distributed should inform themselves about and abide by such restrictions. This presentation may not be made public, published or distributed, in whole or in part, directly or indirectly, in or into the United States, Canada, Japan, Hong Kong or Australia or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this presentation be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended (the "Securities Act") or laws applicable in other jurisdictions. No subscription rights or new shares will be registered under the Securities Act or any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada or to persons domiciled in Canada or on account of such persons other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in such exempt cases that do not require registration in accordance with any provincial act in Canada, respectively.