GRANDVISION overview

Schiphol, The Netherlands, 10 June 2021 . GrandVision (Euronext: GVNV) confirms that today the Turkish competition regulator (Rekabet Kurumu) has cleared the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”). This clearance is effective immediately. As part of the clearance process, EssilorLuxottica has committed to a number of behavioral remedies. With the conditional approval of the Turkish competition...

GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutions Schiphol, the Netherlands - 23 April 2021. 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 2020 as drawn up by the Management Board and signed by the Managing Directors and the Supervisory Directors on 25 February 2021 • Advisory...

GrandVision reports 1Q21 revenue of €899 million and adjusted EBITA of €79 million Schiphol, the Netherlands – 23 April 2021. GrandVision N.V. publishes its First Quarter 2021 trading update. Due to the exceptional nature of the year 2020, GrandVision will also include in the present press release comparisons versus 2019. Highlights • GrandVision continues to show resilience in the first quarter despite the most recent COVID-19 related government restrictions in Europe and Latam • At...

GrandVision announces carve-out of Rotter Y Krauss as part of Chilean market regulator approval for transaction between EssilorLuxottica and HAL Schiphol, The Netherlands, 12 April 2021 . GrandVision N.V. (Euronext: GVNV) confirms that on Friday 9 April 2021, the Chilean market regulator FNE (Fiscalía Nacional Económica) has cleared the transaction between EssilorLuxottica and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”) following the commitment to divest...

Court of Appeal rules in favor of GrandVision Court of Appeal confirms District Court's ruling / Claims made by EssilorLuxottica fully dismissed Schiphol, The Netherlands, 6 April 2021 . Today, the Amsterdam Court of Appeal has dismissed all claims made by EssilorLuxottica SA (Euronext: EL) to receive additional information mainly in relation to GrandVision NV’s (Euronext: GVNV) actions to mitigate the impact of COVID-19 on its business. The ruling confirms the earlier ruling by the District...

European Commission approves acquisition of GrandVision majority stake by EssilorLuxottica Schiphol, The Netherlands, 23 March 2021. GrandVision N.V. (Euronext: GVNV) today confirms that the European Commission cleared the sale by HAL Optical Investments B.V. ("HAL") of its 76.72% ownership interest in GrandVision to EssilorLuxottica. This clearance is effective immediately. Stephan Borchert, CEO of GrandVision, says: “This is a significant milestone in the approval process for the...

GrandVision publishes Annual Report 2020 and convocation for virtual AGM Schiphol, the Netherlands - 9 March 2021. GrandVision N.V. (EURONEXT: GVNV) today announced that it has published its Annual Report 2020 including the Financial Statements 2020. The Annual Report is available for download and in digital form on GrandVision’s website: annualreport2020.grandvision.com . GrandVision has also published the convocation for the Annual General Meeting of Shareholders (AGM) on its website (...

 GrandVision reports 2020 Revenue of €3,481 million and adjusted EBITA of €266 million Schiphol, the Netherlands - 26 February 2021. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2020 results. Full Year 2020 Highlights Revenue decreased by 12.2% at constant exchange rates to €3,481 million (FY19: €4,039 million) with a comparable revenue decline of 14.1% E-commerce sales grew by 85% while retail brands e-commerce sales more than doubled compared to the prior...

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....