Group performance

GrandVision reported €3.2 billion in revenue and €512 million in adjusted EBITDA for 2015. The company grew in revenue and profit and made progress on the execution of its strategic priorities and the deployment of its global capabilities.

Results

in millions of EUR
(unless stated otherwise)

2015

2014

Change
versus
prior year

Change at
constant FX

Organic growth

Growth from acquisitions

Revenue

3,205

2,817

13.8%

13.2%

5.3%

7.9%

Comparable growth (%)

4.1%

4.3%

Adjusted EBITDA

512

449

13.8%

12.8%

9.2%

3.6%

Adjusted EBITDA margin (%)

16.0%

16.0%

0bps

Operating result

353

289

22.4%

Net result

231

175

32.3%

System-wide sales (€ million)

3,541

3,145

12.6%

Revenue grew by 13.8% to €3,205 million, driven by comparable growth of 4.1%, new store openings and a 7.9% contribution from acquisitions. Adjusted EBITDA increased by 13.8% to €512 million, and net result increased by 32.3% to €231 million. System-wide sales, which reflects the retail sales of GrandVision’s own stores plus that of its franchisees, increased by 12.6% to €3,541 million.