Brief: Cnova Q1 Net Sales Down At 493 Million Euros

Cnova NV

17/04/2020 07:08

April 17 (Reuters) - CNOVA NV  CNV.PA :
    * CNOVA N.V. FIRST QUARTER 2020 ACTIVITY
    * OVER LAST 4 WEEKS: +25% GMV GROWTH DRIVEN BY DIRECT SALES
(+14%)
AND MARKETPLACE (+40%)
    * APRIL TO DATE: +35% GMV GROWTH DRIVEN BY DIRECT SALES
(+15%) AND
MARKETPLACE (+63%)
    * ALL KPIS ARE ACCELERATING SINCE BEGINNING OF APRIL
CONFIRMING
TREND
    * ORGANIC GMV (GROSS MERCHANDISE VOLUME) WAS STABLE IN 1ST
QUARTER
OF 2020
    * REGARDING DELIVERY, WE SWITCHED 95% OF OUR ORDERS TO HOME
DELIVERY AND MADE IT FREE FOR ALL OUR CLIENTS FROM DAY ONE
    * NET SALES AMOUNTED TO EUR 493 MILLION IN Q1 OF 2020, A
-5.7%
DECLINE COMPARED TO SAME PERIOD IN 2019
    * Q1 GMV EUR 899.7 MILLION VERSUS EUR 906.3 MILLION YEAR AGO
    * COMPANY IS FULLY OPERATIONAL WHILE ENSURING UTMOST SAFETY
FOR
ALL EMPLOYEES
    * OVER THE LAST 4 WEEKS DIRECT SALES MARGIN INCREASE: +5.5
PTS
VERSUS LY

Source text for Eikon:  ID:nGNE2ycS56 
Further company coverage:  CNV.PA 

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