Schiphol, the Netherlands - 18 March 2015. GrandVision N.V. publishes Full Year and Fourth Quarter 2014 results.
2014 Highlights
- Revenue grew by 8.5% at constant exchange rates to of €2,817 million with comparable growth of 4.3%
- Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 12.2% to €449 million
- Adjusted EBITDA margin improved by 68 bps to 16.0%
- Net result rose by 12.0% to €175 million
- Pro forma EPS reached €0.64, with growth of 13.8%
- Add-on acquisitions in Colombia, Germany, Italy and the United Kingdom
- New markets entered through acquisitions in China, Peru and Turkey
- Total number of stores grew by 821 to 5,814.
CEO, Theo Kiesselbach said "We are pleased with our 2014 financial results as well as the execution of our strategic priorities and the deployment of GrandVision's global capabilities".
