AMSTERDAM, April 26, 2016, 07:45 CET — Cnova N.V. (NASDAQ & Euronext in Paris: CNV) (“Cnova” or the “Company”) today announced its unaudited financial results for the first quarter 2016.
This press release should be read in conjunction with a separate press release issued today updating the findings of the ongoing internal review in Brazil (“the review”) announced in December 2015.
Cnova N.V.:
- GMV: € 1,138 million (+4.2% constant currency)
- Net sales: € 742 million (-6.6% constant currency)
- Gross margin: 12.6% (+139 bps)
- Operating EBIT: € (31) million
Cdiscount France:
- GMV: € 732 million (+18.3%)
- Marketplace share of GMV: 29.0% (+351 bps)
- Net sales: € 465 million (+15.3%)
- Market share: +3.8 pts (January 2016), +1.5 pts (February 2016)
- Marketplace commissions: +59% y-o-y
- Gross margin: 14.0% (+62 bps)
- Operating EBIT: € 2 million
Cnova Brazil:
- GMV: € 402 million (-10.5% constant currency)
- Marketplace share of GMV: 15.6% (+852 bps)
- Net sales: € 274 million (-19.7% constant currency, ex-ICMS)
- Marketplace commissions: +142% y-o-y
- Gross margin: 10.2% (+79 bps)
- Operating EBIT: € (27) million
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