CNOVA N.V. 2019 Second Quarter Activity & First Half Financial Results

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