Brief: Cnova Reports FY EBITDA Up At 133 Million Euros

Cnova NV

18/02/2021 07:36

Feb 18 (Reuters) - Cnova NV  CNV.PA :
    * 2020 FULL YEAR FINANCIAL RESULTS
    * FY STRONG INCREASE IN PROFITABILITY WITH EBITDA UP +63%
REACHING
EUR 133M AND X3.6 EBIT REACHING EUR 53M
    * FY STRONG +22% GROWTH IN MARKETPLACE GMV IN 2020,
ACCELERATING
IN H2 WITH +30% ORDERS AND +27% ITEMS SOLD
    * FY POSITIVE CASH GENERATION AND NET FINANCIAL DEBT
REDUCTION
    * A NEW B2B STRATEGIC MOVE WITH DEVELOPMENT IN 2020 AND
LAUNCH IN
2021 OF A TURNKEY MARKETPLACE SOLUTION FOR RETAILERS AND
E-MERCHANTS
    * FY GROSS MARGIN WAS EUR 474M IN 2020 AND ACCOUNTED FOR
21.3% OF
NET SALES
    * FY NET LOSS FROM CONTINUING OPERATIONS SIGNIFICANTLY
IMPROVED BY
+EUR 46M Y-O-Y TO REACH EUR (16)M WITH AN ADJUSTED EPS OF EUR
(0.02)

Source text for Eikon:  ID:nGNE33LFHZ 
Further company coverage:  CNV.PA 

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