Full Year 2019 Cnova NV Earnings Call Transcript
Ladies and gentlemen, welcome to the Cnova webcast. I now hand over to Emmanuel Wetzel, responsible of Investor Relations. Sir, please go ahead.
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.
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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