Cnova NV: Analyst Presentation Release
07 Juin 2021 - 08:29AM
Cnova NV: Analyst Presentation Release
NOT FOR DISTRIBUTION DIRECTLY OR
INDIRECTLY IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR
JAPAN.
CNOVA N.V.
Cnova Analyst
Presentation
Cnova N.V.
(Cdiscount’s holding
company) is a leading European tech player with
its e-commerce platform Cdiscount
and its global innovative tech-enabled ecosystem of
marketplaces powered by its subsidiary
Octopia
AMSTERDAM – June 7, 2021, 08:30 AM CET Cnova
N.V. (Euronext Paris: CNV; ISIN: NL0010949392)
(“Cnova”) is hosting today an analyst
presentation, starting at 8:30 am CET, in light of its plan to
increase its capital in order to fund its accelerated growth
prospects.
The analyst presentation is available publicly
on the website of Cnova at:
https://www.cnova.com/events-and-presentations/.
In the analyst presentation, Cnova is providing
additional information on its medium-term objectives, including GMV
and sales targets for 2025 (in excess of €12bn and €4bn,
respectively) and estimated EBITDA growth for the 2021 to 2025
period (low- to mid-30% compound annual growth rate). For 2021,
Cnova is targeting GMV and sales of approximately €4.5bn and
€2.3bn, respectively, and EBITDA in excess of €160m. Please refer
to the analyst presentation for further information.
***
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.com
Tel: +33 6 18 33 17 86 leo.finkel@plead.fr Tel: +33 6 32 09 54
94 |
***
DISCLAIMER
Certain information included in this press
release, including information on Cnova’s medium-term objectives,
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. For additional information on
the risks faced by Cnova, please refer to the section “Risk
Management and Risk Factors” of its 2020 Annual Report.
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.
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation.
***
- CNOVA-Press Release AP_English-version
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