Cnova N.V. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Sales Guidance for the First Quarter of 2015
For the quarter, the company reported net sales of 1,098,596,000 against 917,680,000 a year ago. Operating profit before restructuring, litigation, initial public offering expenses, gain from disposal of non-current assets and impairment of assets was 32,303,000 against 26,222,000 a year ago. Operating profit was 15,396,000 against 21,038,000 a year ago. Profit before tax was 3,019,000 against loss before tax was 4,046,000 a year ago. Profit for the period was 787,000 against 13,398,000 a year ago. Net profit attributable to the company was 1,894,000 against 13,282,000 a year ago. Adjusted EBITDA was 41,976,000 against 35,128,000 a year ago. Adjusted EPS was 0.03 against 0.03 a year ago.
The company expects net sales in the first quarter of 2015 to grow 17.0%, within a plus or minus 200bps deviation, compared with the first quarter of 2014.