Full Year 2019 Cnova NV Earnings Call Transcript

Feb 18, 2020

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Feb 18, 2020 / 03:00PM GMT
Operator

Ladies and gentlemen, welcome to the Cnova webcast. I now hand over to Emmanuel Wetzel, responsible of Investor Relations. Sir, please go ahead.

Emmanuel Wetzel - Cnova N.V. - In Charge of IR

Good day, everyone, and welcome to Cnova Full Year 2019 Financial Results Conference Call. Our CEO, Emmanuel Grenier; and CFO, Gautier Bailly, will be making today's presentation. The conference call slides can be downloaded from our website, cnova.com. This call is also being audio webcast, and a replay will be available on our website later today.

All listeners are reminded to read the forward-looking disclaimer on the Slide 2.

I now turn the call over to Cnova's CEO, Emmanuel Grenier.

Emmanuel Grenier - Cnova N.V. - CEO & Executive Director

So hello, everyone. 2019 was another successful year for Cnova when -- where Cdiscount has enjoyed the fast growth but also generating more profit. First, our GMV grew by more than 9%. EBITDA improved by EUR 31 million, reaching EUR 79 million. Second, the marketplace

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