Schiphol,
Due to the exceptional nature of the year 2020,
Third quarter and nine months 2021 highlights
- GrandVision’s 3Q21 comparable revenue grew by 5.8% compared to 3Q20 and 10.0% versus 3Q19 at 2019 exchange rates excluding the disposed businesses. This represents a strong performance with the Company reaching growth above pre-pandemic levels
- Strong adjusted EBITA in 3Q21 at €167 million (3Q20: €176m and 3Q19: €132m). Comparable adjusted EBITA, excl. extraordinary COVID-19 related effects and the disposed businesses, was 6% versus a strong 3Q20 and 33% above 3Q19
France , our biggest market, has continued to show sensitivity to COVID-19 related government actions. Measures implemented during the third quarter slowed down the strong recovery seen in the second quarter- In 9M21, comparable revenue increased 21.7% versus 9M20. Adjusted EBITA was €384 million in 9M21 (9M20: €153m and 9M19: €369m)
GrandVision's net debt position as of30 September 2021 was €363 million (9M20: €602m)- The Company’s rating on the Dutch Transparency benchmark improved by 7 points. This study is held amongst the largest companies in
the Netherlands and focuses on transparency in CSR reporting topics
Attachment
- GrandVision Press Release
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