Schiphol,
Due to the exceptional nature of the year 2020,
Highlights
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• At constant exchange rates, revenue declined by -0.7% compared with 1Q20 to €899 million from €926 million in 1Q20 (1Q19: €974m)
• Comparable revenue declined by -1.5% versus 1Q20 and on a 2019 basis, -10.8% versus 1Q19
• Adj. EBITA increased by 98.1% at constant exchange rates to €79 million from €41 million in 1Q20 (1Q19: €107m). Continued cost discipline, structural improvements in certain territories and improved product and price mix contributed to the underlying performance
• Adj. EBITA margin at 8.8%, +437bps versus 1Q20 and -219bps versus 1Q19
• Approximately 95% of our store network was open at the end of
• Net debt at €569 million at the end of
• European launch of Karün, a 100% sustainable brand using recycled products from Patagonia,
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Attachment
- GrandVision Press Release
© OMX, source