Cnova N.V. - Cnova intends to increase its capital to fund
accelerated growth
NOT FOR DISTRIBUTION DIRECTLY OR
INDIRECTLY IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR
JAPAN.
CNOVA N.V.
Cnova intends
to increase its capital
to fund
accelerated growth
Cnova (Cdiscount’s
holding company)
accelerates the
development of its successful
e-commerce platform and
targets global expansion of its
tech-enabled B2B solutions for
marketplaces powered by its subsidiary
Octopia.
- Cnova N.V.
is a leading European tech player
with its e-commerce
platform Cdiscount and
its global innovative
tech-enabled ecosystem of
marketplaces with Octopia
- Cnova already achieved €4.2bn of
GMV (Gross Merchandise Volume), €2.2bn of net sales and an EBITDA
of €133m (+62.5% growth and reaching 6.0% of net sales) in
2020
- Encouraged by a strong start of the
year with its growing marketplace, digital marketing, and
tech-enabled B2B services, Cnova expects an EBITDA of €160m this
year, a 20%+ increase versus 2020, and c.100% increase versus
2019
- Leveraging
further its unique
digital assets,
Cnova offers through
Octopia full B2B
marketplace
solutions,
unlocking global growth
potential
- By 2025, the company aims
to reach a total GMV above €12bn, fueled by Octopia and by
the continuously growing marketplace activity
- Cnova is targeting
a placement of c.€300
million of new shares to
fund its accelerated growth
and a potential secondary
offering in addition to
further increase
its free float by
year-end, subject to market
conditions
AMSTERDAM – June 1, 2021, 08:30 CET Cnova N.V.
(Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova”) today announced
its plan to increase its capital to fund its accelerated growth
prospects.
Over the past years, on the back of
the sustained growth of the
e-commerce sales channel, Cnova achieved significant growth and
margin expansion, demonstrating the strength of its
positioning as the French champion and a European leader in
e-commerce.
- In 2020, Cnova achieved €4.2bn of
GMV, €2.2bn of net sales and an EBITDA of €133m (growing +62.5% and
reaching 6.0% of net sales), with strong growth and improving
profitability continuing into 2021 year-to-date.
-
Marketplace with its strong digital
marketing capabilities was at the heart of this profitable growth,
with its GMV increasing by 22%, and
representing 44% of total GMV. The number of
merchants grew at 15% to 13,000 and the assortment at 33% to 100m
products.
Cnova has a clear ambition to become a leading global
end-to-end player, retailer and provider of technology solutions
across the e-commerce marketplace ecosystem. Leveraging on
the strategic assets built over the last 10 years, including
marketplace capabilities, digital marketing expertise,
differentiated logistics and technological know-how, Cnova, is now
also providing through Octopia a full marketplace solution,
including tech platform, merchant and product base and fulfilment
capabilities, and presenting both e-retailers and merchants with a
winning proposition. Octopia will unlock significant growth
potential and enhance the group’s profitability.
As of March 31, 2021, Cnova’s
marketplace represented 46% of GMV, and Octopia achieved +86%
year-on-year growth in the first quarter, with 518 website
clients across Europe. In particular, Octopia signed in a leading
EMEA retailer client over that period and launched its first
marketplace in April 2021.
Cnova stands
ready to accelerate rapidly its
growth taking advantage of the strong
momentum in both its marketplace and tech-enabled B2B
services platform Octopia.
The company is targeting for 2021 an EBITDA of
€160m this year, a 20%+ increase versus 2020, and c.100% increase
versus 2019. By 2025, the company aims a total GMV above €12bn,
fueled by Octopia and by the continuously growing marketplace
activity.
To fund its
accelerated growth, Cnova is
considering a c.€300m private placement to be launched by the end
of the year, subject to market conditions. Proceeds will fund the
international deployment of the Group and strengthen its tech
leadership.
In addition, certain existing shareholders of
Cnova may decide to sell a portion of their shares to further
increase the free float. Groupe Casino intends to remain the
company’s majority shareholder.
“Leveraging our strong foundations as a leading
e-commerce platform, our clear ambition is to become the first
global marketplace ecosystem leader. The ramp up of Octopia is
accelerating and promising. The capital increase we are envisaging
will provide Cnova with the full capacity to achieve our mission
and develop a decentralized network of independent marketplaces
powered by Cnova’s know-how and existing unique assets”,
said Emmanuel Grenier, Cnova’s
CEO.
Cnova will host an analyst presentation on June
7, 2021 at 8:30 am CET.
***
About Cnova N.V.
Cnova N.V. is a leading European e-commerce
platform with €4.2bn of GMV, €2.2bn of net sales and EBITDA of
€133m (6.0% of net sales) in 2020.
It serves 10.5 million active customers via its
state-of-the-art website, Cdiscount. With its marketplace at the
core of its business model, it provides a winning proposition to
both consumers and merchants.
Its B2B tech-enabled platform Octopia offers
unique marketplace tech solutions to websites globally.
Cnova N.V. is part of Groupe Casino, a global
diversified retailer, and is listed on Euronext Paris (ticker:
CNV).
Cnova Investor Relations
contact:investor@cnovagroup.com |
Media
contacts:elody.rustarucci@cdiscount.comTel:
+33 6 18 33 17 86 leo.finkel@plead.frTel: +33 6 32 09 54
94 |
***
DISCLAIMER
Certain information included in this press
release is not historical data but are forward-looking statements.
These forward-looking statements are based on estimates, forecasts
and assumptions including, but not limited to, assumptions about
Cnova's current and future strategy and the economic environment in
which Cnova operates. They involve known and unknown risks,
uncertainties, and other factors, which may cause Cnova's actual
performance and results, or the results of its industry, to differ
materially from those expressed or implied in such forward-looking
statements. These forward-looking statements and information are
not guarantees of future performance.
These forward-looking statements speak only as
of the date of this press release and Cnova expressly disclaims any
obligation or undertaking to release any update or revision to the
forward-looking statements included in this press release to
reflect changes in assumptions, events, conditions, or
circumstances on which the forward-looking statements are based.
The forward-looking statements contained in this press release are
made for illustrative purposes only.
This press release includes only summary
information and does not purport to be complete. No warranty is
given as to the accuracy or completeness of the information or
opinions contained in this press release.
The distribution of this document may be
restricted by law in certain jurisdictions. Persons into whose
possession this document comes are required to inform themselves
about and to observe any such restrictions. This press release does
not contain and does not constitute an offer to sell securities or
an invitation or inducement to invest in securities in France, the
Netherlands, the United States, or any other jurisdiction. The
securities referred to herein may not be sold in the United States
of America absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended. The company does
not intend to register all or any portion of any offering of the
securities in the United States of America or to conduct a public
offering of the securities in the United States of America.
***
- CNOVA - ITF - English version
Cnova NV (EU:CNV)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Cnova NV (EU:CNV)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024