Schiphol, the Netherlands - 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results.
2015 Highlights
- Revenue grew by 13.8%, or 13.2% at constant exchange rates to €3,205 million (FY14: €2,817 million) with comparable growth of 4.1%
- Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 13.8% to €512 million (FY14: €449 million)
- The adjusted EBITDA margin remained constant at 16.0%. Excluding acquisitions the EBITDA margin would have increased by 64 bps to 16.6%
- Net result attributable to equity holders rose by 32.0% to €213 million (FY14: €161 million)
- EPS grew by 31.7% to €0.84 (FY14: €0.64)
- The total number of stores expanded by 296 to 6,110 (FY14: 5,814)
- The average number of full-time equivalent employees was 27,510 in FY15 (FY14: 25,776)
- GrandVision's Supervisory Board proposes a final dividend of 0.14 EUR per share in addition to the interim dividend of 0.14 EUR per share paid in September 2015 and subject to shareholder approval at the AGM on 29 April 2016. The shares will trade ex-coupon as of 3 May 2016
- GrandVision will host an analyst call on 16 March at 9am CET. Dial in details are available at www.grandvision.com and at the bottom of this press release.
