- 2018 07 24 Cnova 1H18 Earnings (pdf 857 ko)
Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today announced its first half 2018 activity and unaudited financial results.
Strong double-digit GMV growth: €1,614m (+14% y-o-y)
- 1H18 organic growth: +7.5% y-o-y
- Multichannel strategy contribution: +6.4 pts
- Cdiscount à Volonté (CDAV) share: 34.2% (+417 bp)
- Faster growth in 2Q18 vs. 1Q18
15% y-o-y growth in net sales: €969m
Dynamic progression of the Marketplace
- Increase in GMV share to 34.4% (+92 bp)
- Strong acceleration since the beginning of 3Q18
Improved EBITDA: €(4)m vs. €(10)m in 1H17
- €6m improvement vs. 1H17, despite a higher cost base due to c.50% increase in DC capacity
- Partly driven by monetization revenue of €29m, up 35% and marketplace growth
- 2Q18 EBITDA €15m better than 1Q18
Very material improvement in FCF generation, now positive
- LTM FCF before interest expenses increased by €218m compared to LTM period ending June 30, 2017
- €337m improvement between 1H18 and 1H17
