CNOVA N.V. 2017 First Half Activity and Financial Results

AMSTERDAM, July 25, 2017, 07:45 CEST Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced its first half 2017 activity and unaudited financial results.

Traffic: 442 million visits (+11%)

  • Best first five month traffic growth (Médiamétrie)
  • Mobile share of traffic: 58% (+ 696 bp)

Active customers: 8.4 million (+10%)

  • CDAV subscribers: +103% y-o-y

GMV: €1,456 million (+10% like-for-like)

  • Mobile share: 36.7% (+ 874 bp)
  • Marketplace share: 33.4% (+ 288 bp)
  • CDAV share: 30.1% (+1,423 bp)

Net sales: €882 million (+8% like-for-like)

Renewed and accelerated market share gains (Gfk): +1.5 points in May and +2.0 points in June

Cdiscount operating EBIT reflects €8 million higher IT costs

Strategic realignment plan to stimulate GMV & net sales growth rates

  • Increase conversion rate
  • Promote repeat business