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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cnova NV | EU:CNV | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.41 | 2.49 | 2.50 | 2.41 | 2.12 | 2.20 | 1,220 | 16:30:00 |
CNOVA N.V. CNOVA N.V. Third Quarter 2019 Activity
AMSTERDAM – October 11, 2019, 07:45 CEST — Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova”) today announced unaudited operating data for the quarter ended September 30, 2019.
Emmanuel Grenier, Cnova CEO, commented:
“Our quarterly performance was again marked by several developments, driving our profitable growth strategy.
First, looking at our core business this year, Fulfillment by Cdiscount has created a virtuous circle for both our clients and sellers: more marketplace orders fulfilled by Cdiscount translate into more overall SKUs eligible for express delivery. This in turn generates more value and quality for our loyal customers and is an underlying growth driver of our constantly expanding CDAV customer loyalty program. Last but not least, it acts as a strong lever for marketplace growth.
Second, the success of Cdiscount’s travel sales led to a strong B2C services growth. In fact, our holiday packages offer quadrupled compared to the previous quarter.
Third, we are pursuing our efforts to grow beyond our borders. We launched a unique European marketplaces alliance, International Marketplace Network, or IMN, that is significantly scaling up our number of sellers and product offer.”
3rd Quarter 2019 Highlights
GMV | 3Q19 | YTD 19 |
Organic Growth | +9.0% | +10.3% |
Organic GMV (gross merchandise volume) posted a +9.0% increase in the 3rd quarter 2019 versus the same period in 2018. For the first nine months of the year, GMV has experienced a steady +10.3% organic growth. Main contributors to the GMV organic growth were: the marketplace (+4.0 pts contribution), B2C services such as travel and energy (+3.2 pts) and Géant showrooms (+2.3 pts contribution). The end of the 3rd quarter was marked by a new edition of French Days, which confirmed its success exceeding last year performance.
Marketplace | 3Q19 |
Marketplace total GMV share | +3.2 pts |
FFM marketplace GMV share | +14 pts |
The marketplace development remains at the heart of Cdiscount’s profitable growth strategy. Marketplace GMV share increased to 39.4% in the 3rd quarter 2019, +3.2 points year-on-year. The marketplace GMV fulfilled by Cdiscount, a driving force of both marketplace expansion and customer satisfaction, experienced a very strong +78% growth. It now represents a third of our marketplace GMV, +14 points compared to the previous year.
Net sales | 3Q19 |
Organic growth | +5.1% |
Net sales amounted to €522 million in the 3rd quarter 2019, a 5.1% organic growth compared to the same period in 2018. This sustained top line growth reaffirms three strong pillars: growing marketplace commissions, new B2B and B2C monetization revenue streams as well as showroom revenues.
Traffic | 3Q19 |
Mobile traffic growth | +21% |
Mobile traffic share | +8.0 pts |
Mobile GMV share | +4.8 pts |
Traffic at Cdiscount totaled 245 million visits in the 3rd quarter 2019. Mobile traffic grew by +21%, representing 73% share of total traffic (+ 8.0 points) and 50.4% of the GMV (+4.8 points). In terms of Unique Monthly Visitors (UMV), Cdiscount experienced the second strongest mobile growth among the top 5 players3, consolidating its overall 2nd ranking with more than 20 million UMV per month.
CDAV | 3Q19 |
CDAV subscriber base growth | +19% |
CDAV GMV share | +2.5 pts |
Cdiscount à Volonté (“CDAV”)’s subscriber base grew by 19% and reached 35.3% of GMV, driven by the constant expansion of SKUs eligible for express delivery. Our more than 2-million-member base has now access to more than 1.1 million express delivery eligible SKUs, a tripling of the offer compared to last year.
Key Business Highlights
Marketplace and associated services development
B2C services: growing and expanding quickly
Enhanced customer experience and multichannel strategy
Monetization initiatives well advanced
·Monetization revenues increased by +33%, driven by the a strong B2C services growth (especially travel) as well as financial services and marketplace B2B services.
International platform acceleration driven by new initiatives
Commitment to responsible logistics innovation
Third Quarter Activity
Cnova N.V. | Third Quarter(1) | Change | ||
2019 | 2018 | Reported(1)(2) | Organic(3) | |
GMV(4) (€ millions) | 940.3 | 871.7 | +7.9% | +9.0% |
Marketplace share(5) | 39.4% | 36.3% | +3.2 pts | |
Mobile share | 50.4% | 45.6% | +4.8 pts | |
CDAV share | 35.3% | 32.8% | +2.5 pts | |
Net sales (€ millions) | 521.9 | 503.0 | +3.8% | +5.1% |
Traffic (visits in millions) | 245.4 | 227.0 | +8.1% | |
Mobile share | 73.1% | 65.1% | +8.0 pts | |
Active customers(6) (millions) | 9.2 | 8.8 | +5.0% | |
Orders(7) (millions) | 6.3 | 6.4 | -2.3% | |
Number of items sold (millions) | 11.5 | 12.0 | -4.8% |
***About Cnova N.V.
Cnova N.V., one of the leading e-Commerce companies in France, serves 9.2 million active customers via its state-of-the-art website, Cdiscount. Cnova N.V.’s product offering provides its clients with a wide variety of very competitively priced goods, fast and customer-convenient delivery options, practical and innovative payment solutions as well as travel, entertainment and domestic energy services. Cnova N.V. is part of Groupe Casino, a global diversified retailer. Cnova N.V.'s news releases are available at www.cnova.com. Information available on, or accessible through, the sites referenced above is not part of this press release.
This press release contains regulated information (gereglementeerde informatie) within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht) which must be made publicly available pursuant to Dutch and French law. This press release is intended for information purposes only.
***
Cnova Investor Relations Contact:investor@cnovagroup.com | Media contact:directiondelacommunication@cdiscount.comTel: +33 5 56 30 07 14 |
1 Organic growth: figures include showroom sales and services; exclude i) technical goods and home category sales made in Casino Group’s hypermarkets and supermarkets (total exclusion impact of +2.4 pts on GMV growth) and ii) 1001Pneus GMV, company acquired in 4Q18, (total exclusion impact of -1.7 pt on GMV growth)
2 Marketplace GMV shares have been adjusted to take into account coupons and warranties and exclude CDAV subscription fees. 3Q18 GMV share has therefore been adjusted by +0.3pt for comparison purposes.
3 Latest Médiamétrie study (July 2019)
AMSTERDAM – October 11, 2019, 07:45 CEST — Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova”) today announced unaudited operating data for the quarter ended September 30, 2019.
Emmanuel Grenier, Cnova CEO, commented:
“Our quarterly performance was again marked by several developments, driving our profitable growth strategy.
First, looking at our core business this year, Fulfillment by Cdiscount has created a virtuous circle for both our clients and sellers: more marketplace orders fulfilled by Cdiscount translate into more overall SKUs eligible for express delivery. This in turn generates more value and quality for our loyal customers and is an underlying growth driver of our constantly expanding CDAV customer loyalty program. Last but not least, it acts as a strong lever for marketplace growth.
Second, the success of Cdiscount’s travel sales led to a strong B2C services growth. In fact, our holiday packages offer quadrupled compared to the previous quarter.
Third, we are pursuing our efforts to grow beyond our borders. We launched a unique European marketplaces alliance, International Marketplace Network, or IMN, that is significantly scaling up our number of sellers and product offer.”
3rd Quarter 2019 Highlights
GMV | 3Q19 | YTD 19 |
Organic Growth | +9.0% | +10.3% |
Organic GMV (gross merchandise volume) posted a +9.0% increase in the 3rd quarter 2019 versus the same period in 2018. For the first nine months of the year, GMV has experienced a steady +10.3% organic growth. Main contributors to the GMV organic growth were: the marketplace (+4.0 pts contribution), B2C services such as travel and energy (+3.2 pts) and Géant showrooms (+2.3 pts contribution). The end of the 3rd quarter was marked by a new edition of French Days, which confirmed its success exceeding last year performance.
Marketplace | 3Q19 |
Marketplace total GMV share | +3.2 pts |
FFM marketplace GMV share | +14 pts |
The marketplace development remains at the heart of Cdiscount’s profitable growth strategy. Marketplace GMV share increased to 39.4% in the 3rd quarter 2019, +3.2 points year-on-year. The marketplace GMV fulfilled by Cdiscount, a driving force of both marketplace expansion and customer satisfaction, experienced a very strong +78% growth. It now represents a third of our marketplace GMV, +14 points compared to the previous year.
Net sales | 3Q19 |
Organic growth | +5.1% |
Net sales amounted to €522 million in the 3rd quarter 2019, a 5.1% organic growth compared to the same period in 2018. This sustained top line growth reaffirms three strong pillars: growing marketplace commissions, new B2B and B2C monetization revenue streams as well as showroom revenues.
Traffic | 3Q19 |
Mobile traffic growth | +21% |
Mobile traffic share | +8.0 pts |
Mobile GMV share | +4.8 pts |
Traffic at Cdiscount totaled 245 million visits in the 3rd quarter 2019. Mobile traffic grew by +21%, representing 73% share of total traffic (+ 8.0 points) and 50.4% of the GMV (+4.8 points). In terms of Unique Monthly Visitors (UMV), Cdiscount experienced the second strongest mobile growth among the top 5 players3, consolidating its overall 2nd ranking with more than 20 million UMV per month.
CDAV | 3Q19 |
CDAV subscriber base growth | +19% |
CDAV GMV share | +2.5 pts |
Cdiscount à Volonté (“CDAV”)’s subscriber base grew by 19% and reached 35.3% of GMV, driven by the constant expansion of SKUs eligible for express delivery. Our more than 2-million-member base has now access to more than 1.1 million express delivery eligible SKUs, a tripling of the offer compared to last year.
Key Business Highlights
Marketplace and associated services development
B2C services: growing and expanding quickly
Enhanced customer experience and multichannel strategy
Monetization initiatives well advanced
·Monetization revenues increased by +33%, driven by the a strong B2C services growth (especially travel) as well as financial services and marketplace B2B services.
International platform acceleration driven by new initiatives
Commitment to responsible logistics innovation
Third Quarter Activity
Cnova N.V. | Third Quarter(1) | Change | ||
2019 | 2018 | Reported(1)(2) | Organic(3) | |
GMV(4) (€ millions) | 940.3 | 871.7 | +7.9% | +9.0% |
Marketplace share(5) | 39.4% | 36.3% | +3.2 pts | |
Mobile share | 50.4% | 45.6% | +4.8 pts | |
CDAV share | 35.3% | 32.8% | +2.5 pts | |
Net sales (€ millions) | 521.9 | 503.0 | +3.8% | +5.1% |
Traffic (visits in millions) | 245.4 | 227.0 | +8.1% | |
Mobile share | 73.1% | 65.1% | +8.0 pts | |
Active customers(6) (millions) | 9.2 | 8.8 | +5.0% | |
Orders(7) (millions) | 6.3 | 6.4 | -2.3% | |
Number of items sold (millions) | 11.5 | 12.0 | -4.8% |
***About Cnova N.V.
Cnova N.V., one of the leading e-Commerce companies in France, serves 9.2 million active customers via its state-of-the-art website, Cdiscount. Cnova N.V.’s product offering provides its clients with a wide variety of very competitively priced goods, fast and customer-convenient delivery options, practical and innovative payment solutions as well as travel, entertainment and domestic energy services. Cnova N.V. is part of Groupe Casino, a global diversified retailer. Cnova N.V.'s news releases are available at www.cnova.com. Information available on, or accessible through, the sites referenced above is not part of this press release.
This press release contains regulated information (gereglementeerde informatie) within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht) which must be made publicly available pursuant to Dutch and French law. This press release is intended for information purposes only.
***
Cnova Investor Relations Contact:investor@cnovagroup.com | Media contact:directiondelacommunication@cdiscount.comTel: +33 5 56 30 07 14 |
1 Organic growth: figures include showroom sales and services; exclude i) technical goods and home category sales made in Casino Group’s hypermarkets and supermarkets (total exclusion impact of +2.4 pts on GMV growth) and ii) 1001Pneus GMV, company acquired in 4Q18, (total exclusion impact of -1.7 pt on GMV growth)
2 Marketplace GMV shares have been adjusted to take into account coupons and warranties and exclude CDAV subscription fees. 3Q18 GMV share has therefore been adjusted by +0.3pt for comparison purposes.
3 Latest Médiamétrie study (July 2019)
Attachment
1 Year Cnova NV Chart |
1 Month Cnova NV Chart |
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