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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Cnova
Cnova (CNV) investor relations material
Cnova has been delisted
Cnova Q1 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2025 TU earnings summary29 Apr, 2025
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.
What is the projected impact on market share?
Outline key strategies for cost optimization.
Assess risks associated with new regulations.
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Latest events from Cnova
- Operational profitability and cash flow improved as Cnova accelerated its marketplace shift.CNV
H1 202413 Jun 2025 - Marketplace-led growth, improved margins, and sustainability drive Cnova's 2024 turnaround.CNVTrading Update6 Jun 2025
- Marketplace and B2B growth drove Cnova's return to profitability momentum in 2024.CNVH2 20245 Jun 2025
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@theshortbearx.com
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