- 2019 07 24 Cnova 1H19 Results ENG (pdf 546 ko)
AMSTERDAM, July 24, 2019, 07:45 CEST Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced its second quarter activity and first half unaudited financial results for 2019.
GMV: 2Q19 +13% organic growth, to reach €847mn
- Driven by marketplace (+4.4 pts) and B2C services (+4.8 pts)
Accelerating marketplace: +3.5 pts GMV share in 2Q19, at 40.1%
- Fulfillment by Cdiscount: +57% GMV growth, 27% marketplace GMV share (+7.4 pts)
- B2B marketplace services revenues almost doubled
B2C services rapidly growing, along with extension of the offer
- Cdiscount Voyages: +73% 2Q19 GMV vs 1Q19, launch of a holiday package marketplace
- Cdiscount Energie: x2.1 2Q19 GMV y-o-y, x2.3 subscribers
- Launch of Cdiscount Santé: health insurance and prescription eyeglasses
CDAV: 2mn members benefiting from 1mn eligible products
- 2Q19: +3.1 pts GMV share to reach 37.9%
- More than 1mn SKUs available, x3 y-o-y
International expansion plan well on track
- 25 countries now covered (+5 vs 1Q19)
EBITDA: +€12mn increase in 1H19 to reach €18mn
- €32mn gain in gross margin
- Marketplace commissions increase: +12% in 2Q19
- Monetization growing at a fast pace: +23% in 2Q19
