CNOVA N.V. Full Year 2016 Activity

Amsterdam – January 12, 2017, 07:45 CET — Cnova N.V. (NASDAQ and Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced unaudited gross merchandise value (GMV), net sales and other operating data for the quarter and full year ended December 31, 2016.

Full Year 2016 (on a l‐f‐l basis)

  • GMV: €3.0 billion (+14%)
    • Marketplace share at 31.4% (+332 bps)
  • Net sales: €1.9 billion (+11%)
  • Traffic: 842 million visits (+11%)
    • Mobile share of traffic: 53% (+503 bps)
  • Active customers: 8.2 million (+13%)
    • CDAV subscribers at end December: +102% y‐o‐y
  • Number of items sold: 49.4 million (+22%)

Emmanuel Grenier, Cnova CEO, commented:

Cnova successfully concluded 2016 with a strong 4th quarter performance that was boosted by a record breaking Black Friday. We closed out the year with one of France’s leading eCommerce delivery services, progressively moving toward 24/7 delivery, a first in France. We also launched a series of value‐added services including our multimedia streaming offer, Cstream, our 4G mobile telephone offer, Cdiscount Mobile, and our online storage service, Cdiscount Cloud.

We also significantly reshaped the Company over the course of the year: we transferred the Brazilian arm to Brazil’s leading electronics retailer, Via Varejo. We have closed or sold all of our overseas and specialty sites so that we can concentrate all of our management and financial resources on our domestic market in France.

Throughout the year we have been seeing positive evolutions to our business: approximately one‐third of our GMV comes from our marketplace, the number of Cdiscount clients is up 13%, membership of our customer loyalty program, Cdiscount à volonté, has doubled and our customers are buying more and more.

As we move into 2017, we remain committed to further improving our market positions through a combination of technological and logistic innovations as well as providing our customers with top value and superior service.

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