- 2019 02 15 Cnova FY18 Results (pdf 442.3 ko)
AMSTERDAM, February 15, 2019, 07:45 CET Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced its financial results for the full year 2018.
GMV: €3.6 billion euros (+9.3% organic growth)
- E-commerce contribution: +7.7 pts mainly driven by marketplace and B2C services
- Géant showrooms contribution: +1.6 pts
- Marketplace share: 34.3% (+2.4 pts) with a record high €1.1 billion GMV (+12.3%)
- Mobile share: 44.0% (+5.9 pts)
- CDAV share: 34.1% (+3.0 pts)
Strong EBITDA improvement: +32 million euros vs 2017
- Gross profit progress: +22.5% (FY18: +2.0 pts, acceleration in 2H18: +2.7 pts)
- Increase in monetization initiatives: +23%, to €64m
- +€31.9m EBITDA increase vs FY17, to €25.5m
- +€25.6m EBIT increase vs FY17, to €(7.7)m
- Back to profitable growth in H2 with a +10.7% GMV organic growth and a €12.4m EBIT
Solid positive free cash-flow
- FCF before financial expense: +€70m (+€406m improvement vs FY17)
