Brief: CNOVA FY Ebitda Up At 79 Million Euros

Cnova NV

18/02/2020 07:10

Feb 18 (Reuters) - Cnova NV  CNV.PA :
    * FY SALES ROSE 3.5 PERCENT TO 2.2 BILLION EUR
    * FY EBITDA: 79 MILLION EUROS (+EUR 31M VERSUS. 2018)
    * FCF BEFORE FINANCIAL EXPENSES5: +EUR 35M
    * 2019 NET FINANCIAL DEBT: €(221)M (€(23)M VERSUS. 2018 YEAR
END)
    * CNOVA EXPECTS A SUSTAINED GROWTH OF MARKETPLACE OF
PRODUCTS AND
SERVICES AND FURTHER EBITDA IMPROVEMENT IN 2020
    * EXPANSION OF THE INTERNATIONAL PLATFORM: +85% Y-O-Y GROWTH
IN
4Q19
    * CNOVA PLANS ON CARRYING ON ITS TRANSFORMATION, FOCUSING ON
GROWTH AND PROFITABILITY.
    * AS A CONSEQUENCE, CNOVA EXPECTS A SUSTAINED GROWTH OF
MARKETPLACE OF PRODUCTS AND SERVICES AND FURTHER EBITDA
IMPROVEMENT IN 2020
    * TRAFFIC MARKED AGAIN BY ACCELERATION OF MOBILE IN H2 2019,
REACHED 73% OF TRAFFIC SHARE (+6.4 POINTS) AND 51% OF GMV SHARE
(+5.8 POINTS)
    * FY UNDERLYING NET LOSS FROM CONTINUING OPERATIONS IMPROVED
BY
+EUR 10.7M
    * FY NET LOSS EUR 65.4 MLN VS LOSS EUR 38.1 MLN YR AGO

Source text for Eikon:  ID:nGNE30NTnm 
Further company coverage:  CNV.PA 

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