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Cnova (CNV) investor relations material
Cnova Q1 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
GMV grew by 2% year-over-year on a like-for-like basis in 1Q25, continuing positive momentum from Q4 2024.
Marketplace GMV increased 7% year-over-year, now representing 67% of total GMV.
Net sales declined 4.7% year-over-year, reflecting a focus on profitability and reduced direct sales.
B2B net revenues rose 30% year-over-year, led by strong Octopia and C-Logistics performance.
Customer experience improved, with NPS up 6 points year-over-year.
Financial highlights
Overall GMV reached €610.6m, up 1.9% like-for-like from €605.3m in 1Q24.
Marketplace GMV was €334.7m, up 7.5% like-for-like; direct sales GMV fell 7%.
Net sales were €231.9m, down 4.7% year-over-year.
EBITDA excluding IFRS 16 was €4.9m, down €2m year-over-year due to targeted investments.
Advertising services revenues increased 5% year-over-year, driven by retail media.
Outlook and guidance
Operational improvement and reinvestment strategies are expected to continue supporting GMV growth and customer acquisition.
The company remains resilient and competitive amid global trade uncertainties, leveraging its French-based platform and international marketplace.
- EBITDA after rents surged 35.7% and free cash flow improved by €49m year-over-year.CNV
Q1 2024 TU - Marketplace growth and service focus drove profitability and positive cash flow in Q3 2024.CNV
Q3 2024 TU - Profitability and cash flow improved, but going concern risk persists beyond 2025.CNV
H1 2024 - Marketplace and B2B growth drove Cnova's return to profitability momentum in 2024.CNV
H2 2024
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