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Form 6-K - Report Of Foreign Private Issuer - District Of Columbia Securities And Exchange Commission - 2017 Page 5

Exhibit 99.1

Press Release

February 23, 2017

CNOVA N.V.

2016 Financial Results

AMSTERDAM, February 23, 2017, 07:45 CET — Cnova N.V. (NASDAQ & Euronext in Paris: CNV; ISIN: NL0010949392)

(“Cnova” or the “Company”) today announced its financial results for the fourth quarter and full year of 2016.(1)

GMV: €3.0 billion (+14%, like-for-like)

Marketplace share at 31.4% (+332 bp)

Orders: +23%

Net sales: €1.9 billion (+11%, l-f-l)

Marketplace commissions: +38%

Gross profit: €255 million (+11%)

Gross margin: 13.8% (+55 bp)

Operating EBIT swings positive at Cdiscount: €5 million (vs -€4 million in 2015)

CD EBIT margin: 0.2% (+48 bp)

Net cash position: €178 million at December 31, 2016

Traffic: 842 million visits (+11%)

Mobile share of traffic: 53% (+503 bp); visits up by 22%

Active customers: 8.2 million (+13%)

Cdiscount à volonté (CDAV) subscribers: +102%

Full Year(1)

Change

Key figures

€ million

2016

2015

Reported

L-F-L(2)

GMV

2,994.3

2,709.3

+10.5 %

+13.6 %

Net sales

1,855.7

1,737.2

+6.8 %

+10.7 %

Gross profit

255.3

229.4

+11.3 %

Gross margin

13.8 %

13.2 %

+55 bp

SG&A

(258.1)

(252.3)

+2.3 %

Operating EBIT

(2.8)

(22.9)

-87.7 %

Cdiscount

4.6

(4.1)

Net profit/(loss) (from continuing activities)

(69.4)

(87.7)

-20.8 %

Adjusted EPS (from continuing activities)

(0.11)

(0.12)

(1)

Ernst & Young have substantially completed their audit of the annual financial statements and their audit report is currently

being prepared. In accordance with IFRS 5 (Non-current Assets Held for Sale and Discontinued Operations), all figures have

been adjusted as of January 1, 2015, to reflect: i) the merger of Cnova Brazil into Via Varejo on October 31, 2016, ii) the sale or

closure of Cdiscount Cameroun, Cdiscount Colombia, Cdiscount Côte d’Ivoire, Cdiscount Ecuador, Cdiscount Panama,

Cdiscount Sénégal, Cdiscount Thailand and Cdiscount Vietnam, and iii) the sale of the specialty site MonShowRoom. The results

from these activities are reported under net profit/(loss) from discontinued operations.

(2)

Like-for-like: includes adjustments related to i) the sale or closure in 2016 of the specialty sites Comptoir des Parfums,

Comptoir Santé and MonCornerDéco, and ii) the voluntary pullback of B2B sales initiated in the 3 quarter of 2016.

Form 6-K - Report Of Foreign Private Issuer - District Of Columbia Securities And Exchange Commission - 2017 Page 5

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