Qliro Group removes its subsidiaries' previous financial targets. The Group's goal is to complete the split-up during 2020
Press release, Stockholm, 14 July 2020 Qliro Group removes the financial targets and previous guidance for 2020 for its subsidiaries. The Group's goal is to complete the planned split-up during 2020, where Qliro AB, CDON and Nelly will become separately listed companies, and in addition limit the central management costs. Qliro AB:s previous targets were set based on a planned IPO with a capital injection, and before Covid-19 impacted the size of the credit loss provisions. CDON's previous growth target is achieved, and the external merchants’ sales is growing significantly faster.