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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  GrandVision N.V.    GVNV   NL0010937066

GRANDVISION N.V.

(GVNV)
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GrandVision reports 1Q20 results and COVID-19 update

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05/05/2020 | 01:00am EDT

Schiphol, the Netherlands – 5 May 2020. GrandVision N.V. publishes its First Quarter 2020 trading update.

Highlights:

  • First quarter revenue declined by 4.4% at constant exchange rates, strongly impacted by the coronavirus pandemic
  • Comparable growth was -8.2%, reflecting a negative COVID-19 impact in the second half of March, following a strong start to the year with 5.5% comparable growth in January and February
  • Adj. EBITA (i.e. EBITA before non-recurring items) decreased to €41 million from €107 million in 1Q19 due to the sharp decline of revenue in the second half of March
  • In the month of April 2020, COVID-19 caused revenue reduction of more than 80% across GrandVision's business
  • COVID-19 contingency plans have been developed and are starting to deliver a mitigating effect
  • GrandVision’s net debt slightly increased to €755 million by the end of March, from €753 million at year-end 2019
  • GrandVision has decided not to schedule any dividend distribution proposal for the agenda of the Annual General Meeting of 30 June 2020.

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© GlobeNewswire 2020
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Financials
Sales 2020 3 503 M 3 995 M 3 995 M
Net income 2020 73,3 M 83,6 M 83,6 M
Net Debt 2020 875 M 998 M 998 M
P/E ratio 2020 129x
Yield 2020 0,90%
Capitalization 6 570 M 7 466 M 7 492 M
EV / Sales 2019
EV / Sales 2020 2,13x
Nbr of Employees 39 981
Free-Float 22,9%
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 27,70 €
Last Close Price 25,90 €
Spread / Highest target 9,73%
Spread / Average Target 6,97%
Spread / Lowest Target -1,54%
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Managers
NameTitle
Stephan Borchert Chief Executive Officer
Cornelis Job van der Graaf Chairman-Supervisory Board
Willem Eelman Chief Financial Officer
Melchert Frans Groot Vice Chairman-Supervisory Board
Peter Bolliger Member-Supervisory Board
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