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Grandvision NV

GVNV.AS

Latest Trade

27.40EUR

Change

0.02(+0.07%)

Volume

385,753

Today's Range

27.36

 - 

27.46

52 Week Range

18.01

 - 

27.78

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Grandvision Sees FY EBITDA Growth Below Mid-Term Target

Oct 30 (Reuters) - Grandvision NV <GVNV.AS>::GRANDVISION REPORTS 3Q19 REVENUE GROWTH OF 9.7% AT CONSTANT EXCHANGE RATES AND COMPARABLE GROWTH OF 4.0%.9M19 REVENUE GROWTH OF 8.1% AT CONSTANT EXCHANGE RATES AND COMPARABLE GROWTH OF 3.9% (9M18: 3.6%).3Q19 REVENUE GROWTH OF 9.7% AT CONSTANT EXCHANGE RATES AND COMPARABLE GROWTH OF 4.0% (3Q18: 5.1%).9M19 ADJUSTED EBITDA (I.E. EBITDA BEFORE NON-RECURRING ITEMS) INCREASED BY 3.3% AT CONSTANT EXCHANGE RATES.3Q19 ADJUSTED EBITDA INCREASED BY 4.9% AT CONSTANT EXCHANGE RATES.9M19 ADJUSTED EBITDA MARGIN DECREASED BY 75 BPS TO 15.2% (9M18: 15.9%).3Q19 ADJUSTED EBITDA MARGIN DECREASED BY 76 BPS TO 15.7% (3Q18: 16.5%.END-SEPT NET DEBT POSITION WAS EUR 831 MILLION (EUR 867 MILLION AS OF JUNE 2019).E-COMMERCE SALES GREW OVER 60% IN 9M19.STORE BASE GREW BY 101 TO 7,366 STORES DURING QUARTER DRIVEN BY STORE OPENINGS AND ACQUISITIONS.Q3 COMPARABLE GROWTH 4.0%.END-9M NUMBER OF STORES 7,366.EXPECT A FURTHER SEQUENTIAL IMPROVEMENT IN 4Q19 EBITDA GROWTH.NOW EXPECTING FY19 EBITDA GROWTH TO BE BELOW OUR MEDIUM-TERM OBJECTIVE.MACROECONOMIC DEVELOPMENTS AND OPERATIONAL CHALLENGES IN KEY MARKETS HAVE LED TO EBITDA GROWTH BELOW OUR INITIAL EXPECTATIONS.ACCELERATED PACE OF STRATEGIC INVESTMENTS BEHIND OUR DIGITAL AND PRODUCT VALUE CHAIN CAPABILITIES ALSO CONTRIBUTED TO SLOWER EBITDA GROWTH.

GrandVision publishes convocation to EGM to approve a revised Remuneration Policy

Sept 23 (Reuters) - Grandvision NV <GVNV.AS>::ANNOUNCED CONVOCATION FOR AN EXTRAORDINARY GENERAL MEETING (EGM) ON NOVEMBER 4, 2019.SUPERVISORY BOARD PROPOSES TO VOTE AT EGM, APPROVAL OF A REVISED COMPANY'S REMUNERATION POLICY.

Grandvision Announces Acquisition Of McOptic In Switzerland

Aug 2 (Reuters) - Grandvision NV <GVNV.AS>::REG-GRANDVISION ANNOUNCES ACQUISITION OF MCOPTIC IN SWITZERLAND.FINANCIAL TERMS OF THIS TRANSACTION HAVE NOT BEEN DISCLOSED.THIS ACQUISITION STRENGTHENS OUR POSITION IN SWISS MARKET - CEO.

Grandvision H1 Net Result Decreases to 72 Million Euros

July 31 (Reuters) - GRANDVISION NV <GVNV.AS>::H1 REVENUE EUR 2.0 BLN VS EUR 1.9 BLN YR AGO.H1 ADJUSTED EBITDA EUR 297 MLN VS EUR 293 MLN YR AGO.H1 NET RESULT EUR 72 MLN VS EUR 116 MLN YR AGO.H1 EPS EUR 0.25 VS EUR 0.42 YR AGO.MAY ADJUST AMOUNT OF DIVIDENDS PAID TO SHAREHOLDERS.

EssilorLuxottica in discussions over purchase of controlling stake in Grandivsion

July 17 (Reuters) - EssilorLuxottica says::COMPANY CONFIRMS IT IS HAVING DISCUSSIONS TO PURCHASE THE 76.72% OWNERSHIP INTEREST IN GRANDVISION N.V. OF HAL HOLDING N.V..ENO AGREEMENT HAS YET BEEN REACHED AND NO ASSURANCE CAN BE PROVIDED THAT THESE DISCUSSIONS WILL LEAD TO SUCH AN AGREEMENT.THE PURCHASE PRICE PER SHARE INDICATIVELY DISCUSSED AMONG THE PARTIES TO DATE IS EURO 28.00 PER SHARE.

Grandvision Confirms HAL And EssilorLuxotica Are In Discussions On Sale Of Controlling Interest In Grandvision

July 17 (Reuters) - Grandvision <GVNV.AS>::CONFIRMS HAL AND ESSILORLUXOTICA ARE ENGAGED IN DISCUSSIONS ON POSSIBLE SALE OF CONTROLLING INTEREST IN GRANDVISION.ENVISAGED PURCHASE PRICE PER SHARE OF APPROXIMATELY EUR28.00..COMPLETION SUBJECT TO CUSTOMARY CONDITIONS, MAY TAKE BETWEEN 12 AND 24 MONTHS..WAS APPROACHED BY ESSILORLUXOTTICA, HAL HOLDING IN CONNECTION WITH POSSIBLE SALE OF HAL’S 76.72% OWNERSHIP INTEREST IN GRANDVISION TO ESSILORLUXOTTICA.SAYS IT WAS APPROACHED BY ESSILORLUXOTTICA, HAL HOLDING IN CONNECTION WITH POSSIBLE SALE OF HAL’S 76.72% OWNERSHIP INTEREST IN GRANDVISION TO ESSILORLUXOTTICA.ESSILORLUXOTTICA WILL MAKE A (MANDATORY) PUBLIC OFFER FOR ALL SHARES IN GRANDVISION.

EssilorLuxottica Considering Takeover Of Smaller Dutch Retailer Grandvision - Bloomberg Reporter Tweet

July 17 (Reuters) - :ESSILORLUXOTTICA IS CONSIDERING A TAKEOVER OF SMALLER DUTCH RETAILER GRANDVISION; DELIBERATIONS AT AN EARLY STAGE - BLOOMBERG REPORTER TWEET.

GrandVision Proposes Appointment Of Willem Eelman As New CFO

April 2 (Reuters) - GRANDVISION NV <GVNV.AS>::PAULO DE CASTRO HAS RESIGNED FROM HIS POSITION AS CHIEF FINANCIAL OFFICER AND MEMBER OF ITS MANAGEMENT BOARD EFFECTIVE 15 MAY 2019.WILLEM EELMAN AS ITS FUTURE CHIEF FINANCIAL OFFICER AND MEMBER OF ITS MANAGEMENT BOARD.

Grandvision FY Adjusted EBITDA Increases To 576 Million Euros

Feb 27 (Reuters) - GRANDVISION NV <GVNV.AS>::FY REVENUE INCREASED BY 10.3% AT CONSTANT EXCHANGE RATES TO EUR 3,721 MILLION (FY17: EUR 3,450 MILLION) WITH COMPARABLE GROWTH OF 3.4%.FY ADJUSTED EBITDA (I.E. EBITDA BEFORE NON-RECURRING ITEMS) INCREASED BY 6.2% AT CONSTANT EXCHANGE RATES TO EUR 576 MILLION (FY17: EUR 552 MILLION).FY ADJUSTED EBITDA MARGIN DECREASED BY 50 BPS TO 15.5% MAINLY DUE TO MARGIN DILUTIVE EFFECT OF ACQUISITIONS.FY ADJUSTED EPS WAS EUR 0.91 (FY17: EUR 0.97).TOTAL NUMBER OF STORES EXPANDED BY 94, TO 7,095 (FY17: 7,001).PROPOSES A DIVIDEND OF EUR 0.33 PER SHARE.INCREASING POLITICAL AND ECONOMIC UNCERTAINTY IN SOME OF OUR MARKETS MIGHT POSE SOME CHALLENGES IN THE SHORT-TERM AS CONSUMER SENTIMENT WEAKENS - CEO.RECONFIRMS THE FOLLOWING MEDIUM-TERM OBJECTIVES.FOR 2019, GRANDVISION EXPECTS REVENUE AND EBITDA GROWTH TO BE BROADLY IN LINE WITH THE MEDIUM-TERM OBJECTIVES.

El Corte Inglés And GrandVision Sign An Agreement To Boost The Development Of Óptica2000

Feb 20 (Reuters) - GRANDVISION NV <GVNV.AS>::SAYS EL CORTE INGLÉS AND GRANDVISION SIGN AN AGREEMENT TO BOOST THE DEVELOPMENT OF ÓPTICA2000.WORKFORCE WILL NOT BE AFFECTED BY OPERATION AND IT WILL CONTINUE TO PROVIDE ITS PROFESSIONAL SERVICES IN USUAL ESTABLISHMENTS..THE AGREEMENT WILL PROVIDE NEW GROWTH OPPORTUNITIES FOR ÓPTICA2000 AND STRENGTHEN GRANDVISION’S MARKET SHARE IN SPAIN.CO ACQUIRES THE CAPITAL OF THE SPANISH RETAIL CHAIN SPECIALISING IN OPTICAL PRODUCTS AND SERVICES AND HEARING AIDS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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