Cnova N.V.
CNV.PA
Euronext Paris0.09
EUR
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Cnova N.V.
CNV.PA
(Euronext Paris)
Recent
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0.09
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Cnova N.V. (Euronext Paris: CNV) operates as a leading e-commerce company primarily through its Cdiscount platform, offering direct sales and a third-party marketplace of consumer goods including home appliances, consumer electronics, computers, home furnishings, leisure and personal goods, non-perishable grocery items, wines, automotive products and personal care products; it provides B2C services such as travel bookings via Cdiscount Voyages, mobile plans via Cdiscount Mobile, warranties, payment solutions like CB4X and loyalty programs including Cdiscount à Volonté (CDAV) serving over 1.6 million members; additionally, Cnova delivers B2B solutions internationally through Octopia offering Marketplace-as-a-Service, Merchants-as-a-Service and Fulfilment-as-a-Service with over two million parcels shipped annually, Cdiscount Advertising for digital marketing to sellers and brands via the CARS platform, and C-Logistics providing end-to-end logistics including B2B fulfillment. The company, founded in 2014 and headquartered in Amsterdam, the Netherlands, with principal operations in France and a significant logistics network, functions as a subsidiary of Groupe Casino, a global diversified retailer, and targets millions of active customers mainly in France while expanding B2B activities across Europe. In 2024, Cnova executed a customer-centric reinvestment plan launched in the third quarter with €10 million in targeted commercial and marketing investments, including a new brand identity for Cdiscount emphasizing "Moins cher" (less expensive), "Malin" (clever) and "Engagé" (committed), alongside omnichannel media campaigns, driving like-for-like GMV growth of +2% in the fourth quarter, Marketplace GMV share to 65.4% for the full year (+5.4 points versus 2023), and new customer acquisition up +18% in the fourth quarter; it expanded B2B logistics with C-Logistics onboarding clients in luxury goods and customizable pet food, boosting C-Logistics B2B revenues +99% and parcels shipped twofold, while Octopia Fulfilment-as-a-Service grew +15.3% with parcels up +27.9%; Cnova advanced sustainability via the "More sustainable products" program reaching 25% of Product GMV (+8 points), accelerated "Cdiscount Reprise" returns tenfold, formed refurbishment partnerships with Reficio and Ninety, increased alternative last-mile transport +20% and signed the European Commission's Sustainable Consumption Pledge; it integrated generative AI for search relevance (+3 points click rate), product catalog enhancements processing over 14 million items and productivity gains up to +20%; following Casino's acquisition of predominant control in April 2024 and Enterprise Chamber approval in February 2025, a buy-out of minority shareholders proceeded at EUR 0.09 per share plus interest. Cnova's strategic shift toward high-margin services like Marketplace (commissions and fulfillment), advertising and B2B logistics improved gross margin to 35.1% of net sales (+4.8 points), with services revenues at €335 million (+4%) comprising 32% of net sales (+5 points), amid overall net sales of €1,039 million (-13.2%) reflecting deliberate direct sales reduction (-18.2% GMV); EBITDA excluding IFRS 16 stood at €47 million (4.6% of net sales) and free cash flows improved +€120 million to -€79 million.