Casino Cnova reports 0.5% net sales growth in Q1 2019

Source: Cnova, Monday, Apr 15, 2019

Cnova, the ecommerce arm of Casino has reported its unaudited operating data for the quarter ended 31 March 2019. Organic GMV (gross merchandise volume) posted an increase of 9.2% in the 1st quarter 2019 versus the same period in 2018. Net sales amounted to EUR527 million in the 1st quarter 2019, a 4.4% organic growth compared to the same period in 2018. Cdiscount’s loyalty program, Cdiscount à Volonté (“CDAV”) grew its subscriber base by 16% and reached 34.8% of the GMV.