GRANDVISION overview

Schiphol, the Netherlands – 22 January 2021. GrandVision NV (EURONEXT: GVNV) publishes its preliminary and unaudited 4Q and FY20 revenue and comparable growth update. Fourth Quarter and Full Year Development Following a strong revenue recovery in the third quarter, GrandVision entered the fourth quarter with good momentum. The impact of the COVID-19 second wave subsequently built up through the quarter and slowed our progress resulting in 4Q revenue growth of 1.1% at constant exchange...

EBITA grew by 35.2% in 3Q20 on 2.3% revenue growth at constant exchange rates Schiphol, the Netherlands – 30 October 2020. GrandVision N.V. publishes its Third Quarter and Nine Months 2020 results. Third quarter 2020 highlights 3Q20 adjusted EBITA (i.e. excluding non-recurring items) increased to €176 million from €132 million in the third quarter of 2019 (+35.2%) at constant exchange rates. The adjusted EBITA includes a positive one-time effect of €10 million from COVID-19 related...

Claims made by EssilorLuxottica fully dismissed Schiphol, The Netherlands, 24 August 2020. Today, the District Court has in summary proceedings dismissed all claims made by EssilorLuxottica SA (Euronext: EL) to receive additional documentation mainly in relation to GrandVision NV’s (Euronext: GVNV) actions to mitigate the impact of COVID-19 on its business. The arbitration proceedings initiated by GrandVision against EssilorLuxottica, as communicated on 30 July 2020, are proceeding as planned....

Schiphol, The Netherlands – 6 August 2020 . In response to market rumors, GrandVision NV (Euronext: GVNV) confirms that EssilorLuxottica SA (Euronext: EL) has taken measures to secure certain information stored on servers of GrandVision in connection with the summary proceedings previously initiated by EssilorLuxottica regarding GrandVision's actions to mitigate the impact of COVID-19 on its business. GrandVision has complied with this process to secure information, which is handled by an...

Schiphol, the Netherlands – 5 August 2020. GrandVision N.V. publishes the Half Year and Second Quarter 2020 results. Half year and second quarter 2020 highlights Revenue declined by 26.4% at constant exchange rates in HY20 (HY19: +7.3%) and 47.5% in 2Q20 (2Q19: +7.1%) as a result of store closures related to the coronavirus pandemic. Comparable revenue declined by 29.1% in HY20 and 49.3% in 2Q20 HY20 adj. EBITA was -€24 million in HY20 (HY19: €237 million) and -€65 million in 2Q20,...

Schiphol, The Netherlands – 30 July 2020 . GrandVision NV (Euronext: GVNV) today initiated arbitration proceedings against EssilorLuxottica SA (Euronext: EL) in connection with the material breach notice EssilorLuxottica has sent to GrandVision. As previously announced, GrandVision strongly disagrees with EssilorLuxottica's claims. Therefore, GrandVision has initiated these arbitration proceedings to obtain confirmation that GrandVision is not in material breach of the Support Agreement...

Schiphol - 18 July 2020.  GrandVision NV (Euronext: GVNV) has been informed by EssilorLuxottica SA (Euronext: EL) that it has initiated summary proceedings before the District Court in Rotterdam, demanding that GrandVision provides to EssilorLuxottica additional information in relation to GrandVision's actions to mitigate the impact of COVID-19 on its business. GrandVision strongly disagrees with EssilorLuxottica's demands and has full confidence that these claims will be rejected in court....

Schiphol, the Netherlands - 30 June 2020. GrandVision N.V. (Euronext: GVNV) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM. The adopted resolutions are listed below: Adoption of the Annual Accounts for the financial year 2019 as drawn up by the Management Board and signed by the Managing Directors and the Supervisory Directors on 25 February 2020 Advisory vote on the approval of the remuneration report 2019 Discharge of Managing...

Schiphol - 22 June 2020. GrandVision N.V. (EURONEXT: GVNV) today announced that it has obtained an Additional Liquidity Facility of €400 million as well as an amendment to its existing 2019–2024 €1,200 million Revolving Credit Facility (RCF) providing covenant relief for 2020. This Additional Liquidity Facility of €400 million, which is provided by five of GrandVision’s relationship banks, will be available in the event that the RCF is fully drawn. The term is one year with an...

Schiphol – 15 June 2020. As the operational situation has developed considerably since its first quarter 2020 press release of 5 May 2020, GrandVision N.V. (EURONEXT: GVNV) publishes an update on the impact of COVID-19 on its business. Stephan Borchert, CEO of GrandVision said: “As governments started to ease measures aimed at containing the spread of COVID-19, we have seen sales improve considerably across many of our markets. As of 30 May 2020, approximately 4,700, or 80% of our own stores...

Schiphol - 19 May 2020. GrandVision N.V. (EURONEXT: GVNV) today announced that it published the convocation for the Annual General Meeting of Shareholders (AGM) on its website (www.grandvision.com). Due to the impact of the COVID-19 pandemic, the meeting will be held virtually, and shareholders will not be able to attend the AGM in person at a physical location. By using this format, GrandVision is following recommendations to forgo major events and to protect the health of shareholders,...

Schiphol, the Netherlands – 5 May 2020. GrandVision N.V. publishes its First Quarter 2020 trading update. Highlights: First quarter revenue declined by 4.4% at constant exchange rates, strongly impacted by the coronavirus pandemic Comparable growth was -8.2%, reflecting a negative COVID-19 impact in the second half of March, following a strong start to the year with 5.5% comparable growth in January and February Adj. EBITA (i.e. EBITA before non-recurring items) decreased to €41 million from...

Schiphol - 20 March 2020. GrandVision N.V. (EURONEXT: GVNV) is providing an update today on the impact of COVID-19 on its business, along with the measures it is taking to actively manage the risks to its customers, employees and operations. In addition, GrandVision announces that it has decided to postpone its AGM to Tuesday 30 June 2020 in order to protect the wellbeing of its employees and shareholders. Stephan Borchert, CEO of GrandVision said: “It has become fully clear that with the...

Schiphol - 6 March 2020. GrandVision N.V. (EURONEXT: GVNV) today announced that it has published its Annual Report 2019 including the Financial Statements 2019. The Annual Report is available for download and in digital form on GrandVision’s website: annualreport2019.grandvision.com GrandVision has also published the convocation for the Annual General Meeting of Shareholders (AGM) on its website ( www.grandvision.com ). The AGM will be held on 24 April 2020 at 11:00 CET at the Steigenberger...

Schiphol, the Netherlands – 26 February 2020. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2019 results. 2019 Highlights Revenue increased by 8.7% at constant exchange rates to €4,037 million (FY18: €3,721 million) with comparable growth of 4.1% E-commerce sales grew by 66% as a result of Lenstore's ongoing growth, the acquisition of Charlie Temple as well as omni-channel growth in our banners Adjusted EBITDA* (i.e. EBITDA before non-recurring items) increased by...