Brief: Cnova H1 Net Sales Grow 15% Y-O-Y

Cnova NV

24/07/2018 07:15

July 24 (Reuters) - CNOVA NV  CNV.PA :
    * REG-CNOVA N.V.: 2018 FIRST HALF ACTIVITY AND FINANCIAL
RESULTS
    * H1 STRONG DOUBLE-DIGIT GMV GROWTH: EUR 1,614 MLN (+14%
Y-O-Y) 
    * 1H18 ORGANIC GROWTH: +7.5% Y-O-Y
    * H1 15% Y-O-Y GROWTH IN NET SALES: EUR 969 MLN
    * STRONG ACCELERATION SINCE BEGINNING OF 3Q18
    * 2Q18 EBITDA EUR 15 MLN BETTER THAN 1Q18
    * H1 IMPROVED EBITDA: EUR (4)M VERSUS. EUR (10)M IN 1H17
    * FOR THE 2ND HALF OF THE YEAR EXPECTED INCREASE IN GÉANT
SHOWROOMS TO GMV GROWTH WHILE GROWTH CONTRIBUTION FROM NON-FOOD
SALES IN GÉANT HYPERMARKETS IS EXPECTED TO DECREASE
    * SEES FOR H2 SIGNIFICANT RISE IN MARKETPLACE SALES AND ITS
GMV
SHARE
    * SEES FOR H2 GROWTH IN MONETIZATION REVENUES RELATED TO
BOTH B2B
AND B2C SERVICES
    * H1 GROSS PROFIT WAS EUR 143 MILLION, WITH AN ASSOCIATED
GROSS
MARGIN OF 14.7%

Source text for Eikon:  ID:nGNE24kSs 
Further company coverage:  CNV.PA 

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