CNOVA N.V. 2019 Financial Results

AMSTERDAM, February 18, 2020, 07:45 CET Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced its non-audited financial results for the full year 2019.

  • GMV: 3.9 billion euros (+9.1% organic growth2)

Marketplace contribution: +3.9pts driven by increased share of GMV (38.1%; +3.7 pts)3

B2C services contribution: +3.4 pts driven by tenfold GMV increase of travel

Mobile share: 49.5% of GMV (+5.5 pts)

CDAV share: 35.8% of GMV (+1.7 pts)

Expansion of the international platform: +85% y-o-y growth in 4Q19

  • EBITDA4: 79 million euros (+€31m vs. 2018)

EBITDA before IFRS16: €51m (+€25m) in line with expectation

Gross margin improvement: 17.8% (up +2.3 pts) driven by marketplace and monetization

  • Cash generation close to balance

FCF before financial expenses5: +€35m

Net financial debt6: €(221)m (€(23)m vs. 2018 year end)