GrandVision reports HY16 revenue growth of 6.7% at constant exchange rates and EPS growth of 8.0%

Schiphol, the Netherlands - 5 August 2016. GrandVision N.V. publishes Half Year and Second Quarter 2016 results.

 Highlights

• HY16 Revenue grew by 3.7% or 6.7% at constant exchange rates (2Q16: 4.8%; 8.4%) to €1,670 million (2Q16: €867 million)
• Comparable growth of 2.3% (2Q16: 3.6%)
• Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 5.3% or 6.5% at constant exchange rates (2Q16: 9.8%; 11.7%) to €272 million (2Q16: €150 million)
• The adjusted EBITDA margin improved by 26 bps to 16.3% (2Q16: +80 bps to 17.3%)
• Net result attributable to equity holders rose by 7.9% to €117 million
• Earnings per share grew by 8.0% to €0.46
• Total number of stores grew to 6,211 (6,110 at year-end 2015)
• The Half Year 2016 Financial Report is available at www.grandvision.com
• GrandVision will host an analyst call on 5 August at 9:00 am CET. Dial-in details are available at www.grandvision.com and at the bottom of this press release