Brief: Cnova Q2 GMV Up 13% Organically At EUR 847 Mln

Cnova NV

24/07/2019 06:51

July 24 (Reuters) - Cnova NV  CNV.PA :
    * REG-CNOVA N.V.: 2019 SECOND QUARTER ACTIVITY & FIRST HALF FINANCIAL RESULTS
    * EBITDA: +EUR 12MN INCREASE IN 1H19 TO REACH EUR 18MN
    * GMV: 2Q19 +13% ORGANIC GROWTH, TO REACH EUR 847M
    * CDISCOUNT IS ALIGNED WITH ITS FULL YEAR OBJECTIVE BOTH IN TERMS OF GROWTH AND
PROFITABILITY.
    * ACCELERATING MARKETPLACE: +3.5 PTS GMV SHARE IN 2Q19
    * H1 NET SALES EUR 995.8 MILLION VERSUS EUR 968.8 MILLION YEAR AGO
    * FREE CASH FLOW FROM CONTINUING OPERATING ACTIVITIES AMOUNTED TO €50 MILLION IN THE LAST
TWELVE
MONTHS
    * H1 GROSS PROFIT EUR 174.5 MILLION VERSUS EUR 142.9 MILLION YEAR AGO
    * H1 NET LOSS FROM CONTINUING OPERATIONS (ADJUSTED FOR IFRS 16) EUR 42.2 MILLION VERSUS LOSS
EUR
54.6 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE9xxsY7 
Further company coverage:  CNV.PA 

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