Cnova NV (CHIX:CNVp)

€ 2.54 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 0 PB Ratio: 0 GF Score: 56/100

Half Year 2022 Cnova NV Earnings Call Transcript

Jul 28, 2022 / 09:00AM GMT

Transcript

Emmanuel Grenier

Cnova N.V. - CEO & Executive Director

Hello, everyone, and thank you for your interest in Cnova. Maxime Dubarry and I would like to go over our half year 2022 earnings presentation with you. After which, we would be pleased to take your questions.

So we are glad to announce today that our performance is resilient in spite of a challenging and uncertain market. High inflation, supply chain disruption due to the lockdown in China, war in Ukraine, we all know that. And Cnova posted a resilient performance in this context. 10% GMV decreased in the first half versus '21, but growing versus pre-pandemic level and gaining market share in April and May according to Kantar.

And we still remain committed to our 3 strategic pillars: marketplace, advertising services and B2B activities, which pays up. First, marketplace revenues decreased by 7% versus '21, but still on a very positive long-term trend, plus 25% growth versus pre-pandemic levels in '19.

Second, advertising services powered by our CARS advertising bidding platform grew 15% in the first half, multiplied

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