January 12, 2015 - Cnova N.V. (NASDAQ: CNV) today announced net sales, GMV and other data as of and for the fourth quarter and full year ended December 31, 2014.

Ø  GMV grew 28.6% from €1,144.4M to €1,471.7M in 4Q14 vs 4Q13, demonstrating Cnova's successful strategy to develop both its direct sales and marketplace businesses

Ø  Net sales increased 19.7% from €917.7M to €1,098.6M in 4Q14 vs 4Q13

o  28.6% growth at Cnova Brazil and 15.5% growth at Cdiscount

Ø  Marketplace as a share of GMV increased from 13.2% to 21.5% in France and from 3.8% to 12.4% in Brazil in 4Q14 vs 4Q13

Ø  Active clients increased 23.1% from 11.0 M to 13.6 M in 4Q14 vs 4Q13 and orders increased 38.0% from 7.9 M to 10.8 M in 4Q14 vs 4Q13

o   Clients are placing more repeat orders and buying more items, which is a positive commercial indicator

Ø  Cdiscount GMV increased 26.1% from €627.0M to €790.5M in 4Q14 vs 4Q13 due to net sales growth of 15.5% and an 836 bps increase in marketplace as a share of GMV

Ø  Cnova Brazil GMV increased 36.6% from R$1,577.3M to R$2,153.9M in 4Q14 vs 4Q13 due to net sales growth of 28.6% and an 865 bps increase in marketplace as a share of GMV

(1) GMV or Gross Merchandise Volume is comprised of our product sales, other revenues and marketplaces business volumes, after returns, including taxes.

(2) Active clients at the end of December having purchased at least once through our sites during the last 12 months.

(3) Total placed orders before cancellation due to fraud detection or customers not paying for their order and after correction of orders placed in one period but not delivered until the following period.

(4) Marketplace share on www.cdiscount.com.

(5) Marketplace share on www.extra.com.br. 

(6) Share of placed orders value from mobile devices excluding specialty websites.

  • Cnova - Q4 2014 Sales Release Eng vdef 12 jan (pdf 124.4 ko)
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