Tretti expands to Finland
CDON Group AB (publ.), one of the leading e-commerce groups in the Nordic region, today announced that Tretti has expanded to Finland through the launch of the online store tretti.fi.
Tretti is now able to offer white goods and household appliances online at lower prices to Finnish consumers as well. The Finnish store is based on the same platform as the existing stores, uses the same infrastructure and has Finnish-speaking staff.
Tretti is the Nordic region’s largest e-commerce business for white goods and household appliances, with a turnover of SEK 451 million and 31% growth for 2010, and until now it has had a presence in Sweden, Denmark and Norway. The Tretti range includes more than 8,000 products from well-known brands such as AEG, Bosch, Electrolux, Gorenje, iRobot, OBH Nordica, Siemens and Whirlpool.
Tretti was acquired by CDON Group on 3 June 2011.
Mikael Olander, CEO and President of CDON Group, comments: "The ongoing Nordic expansion of Tretti is in line with the growth strategy of CDON Group, which is to extend our assortment, expand our operations geographically and add new brands to our portfolio. Tretti maintains a leading position in Sweden, and following the launches in Denmark and Norway in 2010 the company's Nordic expansion is now being supplemented by the launch in Finland. We are confident that Tretti’s offer will be equally popular in the Finnish market."
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For more information, visit cdongroup.com or contact:
Mikael Olander, President and Chief Executive Officer
Tel.: +46 (0) 10 703 20 00
Questions from investors and analysts:
Martin Edblad, Chief Financial Officer
Tel.: +46 (0) 700 80 75 03
E-mail: ir@cdongroup.com
Press queries:
Fredrik Bengtsson, Head of Communications
Tel.: +46 (0) 700 80 75 04
E-mail: press@cdongroup.com
About CDON Group
CDON Group is one of the leading e-commerce groups in the Nordic region. Established in 1999, the Group has continuously expanded its product portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM, BookPlus.fi, Lekmer.com), Fashion (Nelly.com, LinusLotta.com, Heppo.com), Sport & Health (Gymgrossisten.com, Bodystore.com) and Home & Garden (Tretti.com and RUM21.se) segments. The group reported revenues of SEK 2.2 billion for the full year 2010. CDON Group is listed on the NASDAQ OMX Stockholm Mid-cap list.
About Tretti
Tretti (www.tretti.se, www.tretti.dk, www.tretti.no and www.tretti.fi) sells famous brands of white goods and household appliances at the most competitive prices on the market. The company's range comprises more than 8 000 items. Lower prices are achieved by means of large volumes, low overheads, efficient distribution and sales through e-commerce. User friendliness and clear emphasis on service have made Tretti one of the most popular online stores on the Web, resulting awards such as Best E-commerce Site from Web Service Award, E-commerce Company of the Year from Pricerunner, Top 100 from Internet World and Di Gasell from Dagens Industri. Tretti was acquired by CDON Group on 3 June 2011.
The information in this press release will be published by CDON Group in accordance with the Securities Market Act. This information was submitted for publication at 08:00 CET on 13 June 2011.
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