GrandVision reports 2016 adj. EBITDA of €537 mil
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Posted On: 02/20/2017 2:45:30 AM
GrandVision reports 2016 adj. EBITDA of €537 million and adj. EPS growth of 11.3%
Schiphol, the Netherlands - 20 February 2017 . GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2016 results.
2016 Highlights
- Revenue grew by 3.5%, or 6.5% at constant exchange rates to €3,316 million (FY15: €3,205 million)with comparable growth of 2.2%
- Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 6.7% at constant exchange rates to €537 million (FY15: €512 million)
- The adjusted EBITDA margin increased by 24 bps to 16.2% . Excluding acquisitions the EBITDA margin would have increased by 80 bps to 16.8%
- Net result attributable to equity holders rose by 8.8% to €231 million (FY15: €213 million)
- Adjusted EPS grew by 11.3% to €0.96 (FY15: €0.87), reported EPS was €0.92 (FY15: €0.84)
- The total number of stores expanded by 406 to 6,516 (FY15: 6,110)
- GrandVision's Supervisory Board proposes a dividend of €0.31 per share, subject to shareholder approval. The shares will trade ex-coupon as of 4 May 2017
- GrandVision will host an analyst call on 20 February at 9am CET. Dial-in details are available at investors.grandvision.com and at the bottom of this press release.
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