Cnova NV, which operates retail web sites across the globe including Cdiscount in France and Cnova in Brazil, had strong e-commerce growth in 2014.
For the 2014 fiscal year ended Dec. 31, Cnova, part of Groupe Casino, No. 5 in the Internet Retailer 2014 Europe 500, reported:
- Online sales of €3.474 billion euros ($4.01 billion), up 19.8% from €2.899 billion ($3.35 billion) in fiscal 2013.
- Cdiscount web sales of €1.606 billion ($1.85 billion), a 13.1% increase from €1.420 billion ($1.64 billion).
- Cnova Brazil e-commerce sales of €1.87 billion ($2.16 billion), up by 26.4% from €1.48 billion ($1.71 billion).
- Gross merchandise value, including tax, of €1.04 billion ($1.20 billion), up by 55.2% from €670.0 million ($773.9 million). GMV is derived from marketplaces on Cdiscount.com and Extra.com.br.
- Total sales, made up of online sales and gross merchandise value, of €4.52 billion ($5.22 billion), up by 26.6% from €3.57 billion ($4.12 billion) in fiscal 2013.
Cnova did not report net income for the full year or the fourth quarter.
For the fourth quarter, Cnova reported:
- Online sales of €1.098 billion ($1.27 billion), an increase of 19.6% from €918.0 million ($1.06 billion) in the fourth quarter of 2013.
- Cdiscount web sales of €535.2 million ($618.3 million), up by 15.5% from €463.5 million ($535.4 million).
- Cnova Brazil web sales of €563.4 million ($650.9 million) a 24.0% increase from €454.2 million ($524.7 million).
- Gross merchandise value, including tax, of €373 million ($430.9 million) up by 65% from €226 million ($261.1 million). GMV is derived from marketplaces on Cdiscount.com and Extra.com.br.
- Total sales, made up of online sales and gross merchandise value, of €1.471 billion ($1.70 billion), a 28.6% increase from €1.144 billion ($1.32 billion) in the same quarter of 2013.
- Active clients increased 23.6% from 11.0 million to 13.6 million.
- Total orders increased 36.7% from 7.9 million to 10.8 million.
Cnova in October filed an initial public offering document with the U.S. Securities and Exchange Commission. The company priced its IPO at $7 per share which would yield $188 million in new working capital.
Cnova operates Cdiscount sites in France, Brazil, Colombia, Ecuador, Panama, Thailand, Vietnam, Ivory Coast, Senegal, Cameroon and Belgium. It also operates Extra.com.br, a Brazilian consumer electronics e-commerce site, and PontoFrio.com and Casasbahia.com.br, a pair of Brazilian electronics and home furnishings sites.
The company plans to enter international markets in Europe, Latin America, Asia and Africa, the company said in its IPO filing.
The retailer says it has 13 million active customers and offers more than 12 million products including consumer electronics, home goods and furnishings, and toys and games.
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