Schiphol, the Netherlands - 26 April 2018. GrandVision N.V. publishes the First Quarter 2018 trading update.

Highlights

 

  • First Quarter revenue grew by 10.9% at constant exchange rates to €913 million driven by organic growth of 3.3% and a 7.6% contribution from acquisitions
  • Comparable growth of 1.9% (4.1% in 1Q17) benefited from strong growth of 9.8% in the Americas & Asia segment, 1.0% growth in the G4 and 0.1% in the Other Europe segment despite the high prior year comparables related to the timing of the Easter holidays and poor weather in Europe
  • Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 1.0% at constant exchange rates to €136 million as strong adj. EBITDA growth in the Americas & Asia segment was partially offset by lower comparable growth in the significant Northern European countries and integration and rebranding costs of recent acquisitions
  • GrandVision's first Capital Markets Day will take place on 20 September 2018
GrandVision will host an analyst call on 26 April at 9am CET. Dial-in details are available at investors.grandvision.com and at the bottom of this press release.

 

 

 

GrandVision 1Q18 press release


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Source: GrandVision N.V. via Globenewswire