Cnova N.V. announced consolidated earnings results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net sales of €899.1 million, total operating loss of €113.3 million, loss before tax of €134.7 million, net loss from continuing activities of €156.4 million, net loss attributable to company equity holders of €154.9 million, adjusted net loss for the period attributable to equity holders of company of €139.7 million or €0.33 per share. Operating LBITDA was €90.2 million.

For the year, the company reported net sales of €3,420.4 million, total operating loss of €210.4 million, loss before tax of €269.1 million, net loss from continuing activities of €265.7 million, net loss attributable to company equity holders of €261.7 million, adjusted net loss for the period attributable to equity holders of company of €220.3 million or €0.05 per share. Negative free cash flow was €69.5 million, net cash from continuing operating activities was €5.3 million and purchase of property, equipment & intangible assets was €74.7 million. Net financial debt was €253.8 million. Operating LBITDA was €128.8 million

For full year 2016, the company targeting continued improvement in operating EBIT.

On a longer term basis, Cnova continues to focus on operational management and is concentrating its efforts on finding the right balance between top line growth and increased profitability while maximizing free cash flow generation. The Company is focusing its core activities on its large markets in order to benefit from near and long term upside potential.