- 2020 02 18 Cnova FY19 Results (pdf 492 ko)
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)
