- Cnova 3Q20 PR Sales (pdf 319.4 ko)
AMSTERDAM – October 29, 2020, 18:00 CEST — Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova”) today announced unaudited operating data for the quarter ended September 30, 2020.
• Stable GMV (+0.2%1) along with a solid increase in profitability drivers
– Direct sales margin improvement through our product mix strategy towards higher-margin categories
– Marketplace: strong volume growth, increased GMV share and acceleration of revenues
– Strong digital marketing growth driving monetization development
• Improved direct sales margin driven by a product mix strategy towards high-margin categories
– +16% GMV growth of high-margin categories: Home & Deco, DIY & Gardening, Sport, Beauty, Food ..
• Marketplace: +9% growing activity, along with +17% revenues acceleration
– +9% marketplace GMV to reach very high levels GMV share, at 45.0% (+5.9 pts)
– Accelerating revenues: €41m in 3Q20 (+17%), €163m on a LTM basis (+13%)2
– Fulfillment by Cdiscount: 36% marketplace GMV share, +2.3 points
• Strong digital marketing growth: +30%3
• Fast-growing international sales: +79%
– 157 websites connected (+69 vs 2Q20),
– 27 European countries delivered (+2 vs 2Q20)
• Ambitious and clear strategic priorities to further improve profitability
– Fast expansion of the marketplace and its associated revenues
– Digital marketing acceleration
– New B2B development, supported by accelerated tech investments
