Brief: Cnova FY EBITDA down at 108.9 MILLION euros

Cnova NV

17/02/2022 15:26

Feb 17 (Reuters) - Cnova NV  CNV.PA :
    * FY MARKETPLACE REVENUE ROSE 29 PERCENT TO 193 MILLION EUR 
    * FY EBITDA EUR 108.9 MILLION VERSUS EUR 133.3 MILLION YEAR
AGO
    * FY EBITDA REACHED EUR 109M, +33%VERSUS. 2019 (-18% VERSUS.
2020)
WITH STRONG INVESTMENT IN STRATEGIC B2B ACTIVITIES
    * FY GMV AT EUR 4.2BN GROWING +8% VERSUS. 2019 (STABLE
VERSUS.
2020)
    * FY MARKETPLACE REVENUES AT EUR 193M GROWING +29% VERSUS.
2019(+5% VERSUS. 2020)
    * FY MARKETPLACE GMV AT EUR 1.5BN GROWING +22% VERSUS. 2019
(STABLE VERSUS. 2020), REPRESENTING 45.2% GMV SHARE, +6.7 PTS
VERSUS. 2019 (+1.3PT VERSUS. 2020)
    * FY NET SALES AMOUNTED TO EUR 2,166M IN 2021, A -1.3%
COMPARED TO
2019 (-2.6% COMPARED TO 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) 16.
    * 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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