Cnova N.V. Reports Strong Growth of GMV: +28.2% in 1Q15 and Net Sales: +17.8% in 1Q15
April 10 2015 - 2:03AM
Cnova Reports
Strong Growth of GMV: +28.2% in 1Q15
and Net Sales: +17.8% in 1Q15
Amsterdam April 10, 2015 -
Cnova N.V. (NASDAQ and Euronext Paris: CNV) today announced net
sales, GMV and other data for the first quarter, ended March 31,
2015.
CNOVA |
1Q14 |
1Q15 |
Growth |
GMV(1) (€
millions) |
973.7 |
1,248.2 |
+28.2% |
Net Sales (€
millions) |
777.4 |
915.5 |
+17.8% |
Active
customers(2)
(millions) |
11.6 |
14.8 |
+27.6% |
Orders(3)
(millions) |
6.8 |
9.3 |
+38.2% |
Number of
items sold (millions) |
11.5 |
16.0 |
+38.9% |
Mobile
share of traffic (4) (%) |
22.0% |
34.0% |
+1,193 bp |
-
Cnova 1Q15 net sales achieved a
+17.8% growth compared to 1Q14, despite a challenging macro
economic environment in Brazil. Additionally, strong net sales
growth was achieved despite the depreciation of BRL by more than
10% since 1Q15 net sales guidance was provided on January
28,2015:
-
Ability to drive customer
loyalty, as number of items per unique customer(5) increased
by +4.2% in 1Q15 year over year for Cnova, and number of orders per
unique customer(5) increased
by +11.9% in France and +5.4% in Brazil in 1Q15;
-
Significant growth in share of
traffic from mobile devices to 34.0% in 1Q15, compared to 22.0%
in 1Q14;
-
Continued expansion of
operations with 20 sites in 11 countries
at the end of the 1Q15.
-
Cnova reported another quarter
of strong growth in marketplaces, with increased penetration in
both geographies:
-
Total marketplace share grew to 15.4% of GMV in
1Q15 from 8.5% in 1Q14, representing a year over year increase of
132% in marketplace GMV;
-
Total vendors at the end of 1Q15 were 8,650, an
increase of +110% year over year and total product offerings were
16 million, an increase of +88% compared to 1Q14.
-
Cnova has accelerated
investment in 1Q to enhance future growth:
-
Cnova has accelerated the roll out of the click
and collect network in Brazil and increased the number of pick up
points for large items in France;
-
Cnova has strengthened its infrastructure to
drive increased supply chain efficiency and customer
service:
-
In Brazil, within the São Paulo area, transition
from two distribution centers for light products to a single Via
Varejo warehouse in Jundiai;
-
In France, opening of a new warehouse in the
Paris area for heavy products in 1Q15 and expansion of the existing
South East warehouse;
-
Cnova has invested in strategic IT systems, both
in Brazil with the launch of a new recommendation tool and the
transition to a new ERP alongside a new warehouse management system
and a new customer service systems, and in France with the launch
of a new warehouse management system and a new search
engine.
CDISCOUNT
HIGHLIGHTS
CDISCOUNT |
1Q14 |
1Q15 |
Growth |
GMV (€
millions) |
493.9 |
634.5 |
+28.5% |
Net sales
(€ millions) |
358.1 |
416.8 |
+16.4% |
Marketplace
share (6) (%) |
14.8% |
24.7% |
+984 bp |
Mobile
share of traffic(4) (%) |
31.1% |
44.9% |
+1,385 bp |
-
Cdiscount reported
another quarter of double digit net sales
growth, with +16.4% year over year
increase to €416.8M in
net sales for 1Q15 compared to €358.1M in 1Q14:
-
Expansion of the unique click
and collect network to 19,100 pick up points at the end of
1Q15, including 593 pick up points for large items (+34% vs.
1Q14);
-
Increased loyalty with higher
orders per unique customer(5) (+11.9% vs. 1Q14) and higher number of
items per unique customer(5) (+11.1% vs. 1Q14);
-
Cdiscount marketplace share
reached 24.7% of GMV in 1Q15:
-
Marketplace GMV grew 111% year over
year;
-
Product offerings available increased by 79%
year over year, driven by a growth of 106% of vendors;
-
Cdiscount has invested in
new projects to enhance future growth:
-
Cdiscount has grown Cdiscount à
volonté subscribers;
-
Cdiscount has accelerated the
development of 4 new specialized verticals to be launched in
2Q15;
-
Cdiscount has accelerated its
international expansion strategy into new countries: excellent
growth momentum both in Vietnam and Thailand where 453 pick up
points within BigC stores have been developed, opening of a new
site in Panama in January and preparation of further 8 new
countries by 2015 year end.
CNOVA BRAZIL
HIGHLIGHTS
CNOVA BRAZIL |
1Q14 |
1Q15 |
Growth |
GMV (R$
millions) |
1,554.6 |
1,978.4 |
+27.3% |
GMV (€
millions) |
479.8 |
613.7 |
+27.9% |
Net sales
(R$ millions) |
1,358.7 |
1,607.6 |
+18.3% |
Net sales
(€ millions) |
419.4 |
498.7 |
+18.9% |
Marketplace
share (7) (%) |
2.1% |
6.3% |
+425 bp |
Mobile
share of traffic(4) (%) |
15.0% |
25.1% |
+1,019 bp |
***
(1)
GMV or Gross Merchandise Volume is comprised of
our product sales, other revenues and marketplaces business
volumes, after returns, including taxes.
(2)
Active customers at the end of March 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
(4)
Share of traffic on mobile devices excluding
specialty and international websites
(5)
Customers having purchased at the end of March, at
least once through our sites over the last 3 months.
(6)
Marketplace share on
www.cdiscount.com. Marketplace share represents
the overall number over the quarter
(7)
Marketplace share on total GMV. Marketplace share
represents the overall number over the quarter
(8)
Closure of the Tambore distribution center and
transfer of light products from the Cajamar distribution center
(which will be used only for large products) to a Via Varejo
warehouse based in Jundiai
Forward Looking
Statements
In addition to historical information, this press
release contains forward looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995,
Section 27A of the U.S. Securities Act of 1933, and
Section 21E of the U.S. Securities Exchange Act of 1934. Such
forward looking statements may include projections regarding
Cnova's future performance and, in some cases, may be identified by
words like "anticipate," "assume," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "future," "will," "seek" and similar terms or
phrases. The forward looking statements contained in this press
release are based on management's current expectations, which are
subject to uncertainty, risks and changes in circumstances that are
difficult to predict and many of which are outside of Cnova's
control. Important factors that could cause Cnova's actual results
to differ materially from those indicated in the forward looking
statements include, among others: the ability to grow its customer
base; the ability to maintain and enhance its brands and
reputation; the ability to manage the growth of Cnova effectively;
changes to technologies used by Cnova; changes in global, national,
regional or local economic, business, competitive, market or
regulatory conditions; and other factors discussed under the
heading "Risk Factors" in the in the Annual Report on the Form 20 F
filed with the U.S. Securities and Exchange Commission on March 31,
2015 and other documents filed with or furnished to the U.S.
Securities and Exchange Commission. Any forward looking statement
made in this press release speaks only as of the date hereof.
Factors or events that could cause Cnova's actual results to differ
from the statements contained herein may emerge from time to time,
and it is not possible for Cnova to predict all of them. Except as
required by law, Cnova undertakes no obligation to publicly update
any forward looking statements, whether as a result of new
information, future developments or otherwise.
About Cnova
N.V.
Cnova N.V. is one of the largest global eCommerce
companies, operating Cdiscount sites in France, Brazil, Colombia,
Ecuador, Panama, Thailand, Vietnam, Ivory Coast, Senegal, Cameroon
and Belgium and the sites Extra.com.br, Pontofrio.com and
Casasbahia.com.br. in Brazil. Cnova N.V. offers its more than 13
million active customers access to a wide
assortment of more than 16 million product offerings through a
combination of attractive pricing and highly differentiated
delivery and payment solutions. Cnova N.V. is part of Groupe
Casino, a global diversified retailer. Cnova N.V.'s news releases
are available at www.cnova.com/investor-relations.aspx. Information available on, or accessible through, the
sites referenced above is not part of this press release.
Cnova
Investor Relations Contact:
investor@cnova.com
Tel: +31 207 950 671
Cnova Media
Contact:
directiondelacommunication@cnovagroup.com
+33 6 80 39 50 71
Cnova - PR Q1 2015 Sales
Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cnova N.V. via Globenewswire
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