GrandVision reports Nine Months 2015 revenue growth of 15.5% and EBITDA growth of 16.7%

Schiphol, the Netherlands - 10 November 2015. GrandVision N.V. publishes the Nine Months and Third Quarter 2015 trading update.

Highlights

• 9M15 revenue increased by 15.5% or 14.7% at constant exchange rates (3Q15: 12.7% and 13.2%, respectively) to €2,419 million (3Q15: €808 million)
• Comparable growth in 9M15 was 4.7% (3Q15: 3.7%)
• Adjusted EBITDA (i.e. EBITDA before non-recurring items) grew by 16.7% or 15.4% at constant exchange rates (3Q15: 15.7% and 14.9%, respectively) to €400 million in 9M15 (3Q15: €142 million)
• The adjusted EBITDA margin improved by 18 bps to 16.5% (3Q15: +46bps to 17.5%)
• Total number of stores grew to 5,922 (5,814 at year-end 2014)