Brief: Cnova FY EBITDA Down At 108.9 Million Euros

Cnova NV

17/02/2022 08:22

Feb 17 (Reuters) - Cnova NV  CNV.PA :
    * FY REVENUE ROSE 29 PERCENT TO 193 MILLION EUR
    * FY EBITDA REACHED EUR 109M, +33% VERSUS 2019 (-18% VERSUS.
2020)
WITH STRONG INVESTMENT IN STRATEGIC B2B ACTIVITIES
    * FY GMV AT EUR 4.2 BLN GROWING +8% VERSUS 2019 (STABLE
VERSUS
2020)
    * FY MARKETPLACE REVENUES AT EUR 193 MLN GROWING +29% VERSUS
2019
(+5% VERSUS 2020)
    * FY MARKETPLACE GMV AT EUR 1.5 BLN GROWING +22% VERSUS 2019
(STABLE VERSUS 2020), REPRESENTING 45.2% GMV SHARE, +6.7 PTS
VERSUS 2019 (+1.3 PTS VERSUS 2020)
    * FY NET SALES AMOUNTED TO EUR 2,166M IN 2021, -1.3% VERSUS
2019
(-2.6% VERSUS 2020)
    * FY NET LOSS FROM CONTINUING OPERATIONS INCREASED BY €16M
VERSUS.
2019 (A DECREASE OF -€30M VERSUS. 2020) TO REACH €(46)M WITH AN
ADJUSTED EPS OF €(0.12)
    * FY EBITDA EUR 108.9 MILLION VERSUS EUR 133.3 MILLION YEAR
AGO
    * END-FY CASH FROM CONTINUING OPERATIONS INCLUDING RENTS
AMOUNTED
TO EUR 65M IN LAST TWELVE MONTHS, AN INCREASE OF +43% VERSUS
2019
    * CNOVA PLANS TO KEEP ON INVESTING TO FURTHER GROW WHILE
CONTINUING ITS STRATEGIC EVOLUTION TOWARD A PROFITABLE PLATFORM
MODEL

Source text for Eikon:  ID:nGNE70CrdN 
Further company coverage:  CNV.PA 

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