Cnova N.V.

CNV

Equity

ISIN NL0010949392 / Valor 24715610

Euronext - Euronext Paris (2025-04-03)

EUR 0.093%

Cnova N.V.
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About company

Cnova N.V. is a prominent e-commerce entity primarily operating through its subsidiary, Cdiscount, in France, and catering to both business-to-consumer (B2C) and business-to-business (B2B) segments internationally. The company's portfolio encompasses a broad spectrum of competitively priced products available on its Cdiscount platform, which is complemented by expedient delivery services, versatile payment options, and additional offerings in travel and entertainment. Beyond its consumer-facing operations, Cnova extends its expertise to businesses through Octopia, providing Marketplace-as-a-Service solutions, Cdiscount Advertising, which offers advertising services to sellers and brands, and C-logistics, an end-to-end logistics solution tailored for e-commerce. This multifaceted approach allows Cnova to address a wide range of needs in the e-commerce space, leveraging its technological and logistical capabilities to serve a diverse clientele.

Summarized from source with an LLMView SourceSector: Consumer Services

GMV Growth

In the third quarter of 2024, Cnova N.V. reported a slight growth in its like-for-like overall Gross Merchandise Volume (GMV) compared to the previous year. This marks a positive shift after two years of transformation, with GMV showing a gradual recovery from a -12% decline in the first quarter and a -9% decline in the second quarter of 2024. The growth was primarily driven by an 8% increase in Marketplace GMV, despite a 12% decline in direct sales.

Net Sales Decline

Cnova N.V.'s net sales for the third quarter of 2024 amounted to €244 million, reflecting a -13.1% decrease compared to the same period in 2023. On a like-for-like basis, net sales decreased by -8.6%. This decline was largely due to a strategic shift towards more profitable service activities, resulting in reduced direct sales revenues. However, this was partially offset by a 3.4% increase in services revenues, particularly in B2B services.

Services Revenue Increase

Services revenues for Cnova N.V. in the third quarter of 2024 reached €83 million, marking a 3.4% increase compared to the previous year. These revenues represented 34% of the company's like-for-like net sales, up by 3.9 percentage points from 2023. The growth was driven by a significant 46.9% increase in B2B revenues, supported by the dynamic performance of logistic services such as C-Logistics B2B and Octopia Fulfilment-as-a-Service.

EBITDA and Cash Flow

Cnova N.V. reported a restated EBITDA after rents of €11 million for the third quarter of 2024, reflecting a 7.9% increase compared to the previous year. The company also achieved positive free cash flows of €4 million, an improvement of €20 million from the same period in 2023. These financial improvements were attributed to the company's strategic focus on high-margin services and effective cost management.

Customer Experience Enhancements

During the third quarter of 2024, Cnova N.V. continued to enhance its customer-centric approach, resulting in a strong overall Net Promoter Score (NPS) of 56.6 points, an increase of 5.2 points from 2023. The company also saw a 4.4% increase in client acquisition, supported by the launch of Cdiscount's new brand identity and successful marketing campaigns. Additionally, the share of reactivated customers increased by 2.9 percentage points compared to the previous year.

Summarized from source with an LLMView Source

Key figures

-93.7%1Y

-98.3%3Y

-96.7%5Y

Performance

244%1Y

151%3Y

122%5Y

Volatility