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Grandvision NV

GVNV.AS

Latest Trade

25.90EUR

Change

0.20(+0.78%)

Volume

29,474

Today's Range

25.75

 - 

25.95

52 Week Range

16.55

 - 

27.82

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

Latest Developments

Grandvision Publishes COVID-19 Trading Update

June 15 (Reuters) - Grandvision NV <GVNV.AS>::GRANDVISION PUBLISHES COVID-19 TRADING UPDATE.AS OF 30 MAY 2020, APPROXIMATELY 4,700, OR 80% OF OWN STORES RETURNED TO FULL OPERATION, INCLUDING IN MOST OF OUR MARKETS ACROSS EUROPE.CURRENT DEVELOPMENTS WE ARE SEEING IN OUR BUSINESS RECONFIRM OUR CONFIDENCE IN THE RESILIENCE AND LONG-TERM PROSPECTS OF OUR COMPANY.STRONG RECOVERY IS CURRENTLY SEEN IN THE BENELUX, GERMANY, AUSTRIA, SWITZERLAND AND ACROSS MOST OF THE NORDICS.ON 31 MAY 2020, NET DEBT OF €842 MILLION, VERSUS A NET DEBT POSITION AT THE END OF 1Q20 OF €755 MILLION.WITH RECOVERY OF OUR SALES LEVELS, GRANDVISION HAS TAKEN ALL MEASURES TO ENABLE FULL OPERATION LEVELS OF ITS STORES IN THE COUNTRIES WHERE POSSIBLE.TO CONTINUE TO REFRAIN FROM ISSUING A NEW OUTLOOK FOR THE YEAR 2020.

Grandvision Plans No 2019 Dividend Distribution Proposal

May 5 (Reuters) - GRANDVISION NV <GVNV.AS>::HAS DECIDED TO REVISE ITS PREVIOUSLY ANNOUNCED DIVIDEND PROPOSAL AND WILL NOT SCHEDULE ANY DIVIDEND DISTRIBUTION PROPOSAL FOR THE FISCAL YEAR 2019 AT THE ANNUAL GENERAL MEETING ON 30 JUNE 2020.FIRST QUARTER REVENUE DECLINED BY 4.4% AT CONSTANT EXCHANGE RATES, STRONGLY IMPACTED BY THE CORONAVIRUS PANDEMIC.Q1 ADJUSTED. EBITA (I.E. EBITA BEFORE NON-RECURRING ITEMS) DECREASED TO €41 MILLION FROM €107 MILLION DUE TO THE SHARP DECLINE OF REVENUE IN THE SECOND HALF OF MARCH.GRANDVISION’S NET DEBT SLIGHTLY INCREASED TO €755 MILLION BY THE END OF MARCH, FROM €753 MILLION AT YEAR-END 2019.IN THE MONTH OF APRIL 2020, COVID-19 CAUSED REVENUE REDUCTION OF MORE THAN 80% ACROSS GRANDVISION'S BUSINESS.EXPECTS SIGNIFICANT REDUCTION OF REVENUE AND TO REPORT A LOSS FOR THE SECOND QUARTER 2020.DUE TO THE DYNAMICS AND UNCERTAINTIES OF THE COVID-19 DEVELOPMENTS, WE CURRENTLY REFRAIN FROM ISSUING A NEW OUTLOOK FOR THE YEAR 2020.WE REMAIN CONFIDENT IN OUR ABILITY TO RETAIN LIQUIDITY AND SECURE ADDITIONAL FUNDING, ALSO IN THE EVENT OF A PROLONGED COVID-19 CRISIS.BELIEVES THAT THE TRANSACTION WITH TRANSACTION WITH ESSILORLUXOTTICA WILL BE CLOSED WITHIN THE PREVIOUSLY ANNOUNCED TIMETABLE.Q1 REVENUE EUR 926 MILLION VERSUS EUR 974 MILLION YEAR AGO.

Grandvision FY Adjusted EBITDA Up To 604 Million Euros

Feb 26 (Reuters) - Grandvision NV <GVNV.AS>::FY REVENUE 4.037 BILLION EUR VERSUS 3.721 BILLION EUR YEAR AGO.RECONFIRMS MEDIUM-TERM OBJECTIVES.FY NET RESULT EUR 193 MILLION VERSUS EUR 237 MILLION YEAR AGO.OUTLOOK: MEDIUM-TERM AVERAGE REVENUE GROWTH TARGET OF AT LEAST 5% AT CONSTANT EXCHANGE RATES MAINTAINED, WHICH INCLUDES ON AVERAGE AT LEAST 3% COMPARABLE GROWTH, AT LEAST 1% CONTRIBUTION FROM STORE OPENINGS AND AT LEAST 1% CONTRIBUTION FROM SMALL ACQUISITIONS.OUTLOOK: ADJUSTED EBITA GROWTH IN LINE WITH TOTAL REVENUE GROWTH AS ORGANIC MARGIN EXPANSION WILL CONTINUE TO BE OFFSET BY SEGMENT MIX AND THE INITIALLY DILUTIVE IMPACT OF ACQUISITIONS.GRANDVISION’S SUPERVISORY BOARD PROPOSES A DIVIDEND OF €0.35 PER SHARE FOR 2019, SUBJECT TO SHAREHOLDER APPROVAL AT ANNUAL GENERAL MEETING ON 24 APRIL 2020.OUTLOOK: CAPITAL EXPENDITURE TO REMAIN AT 4-6% OF REVENUE.OUTLOOK: DIVIDEND PAYOUT RATIO TO REMAIN AT 25-50% WITH THE INTENTION TO INCREASE DIVIDEND PER SHARE OVER TIME.FOR 2020, EXPECTS REVENUE AND EBITA GROWTH TO BE BROADLY IN LINE WITH THE MEDIUM-TERM OBJECTIVES. GRANDVISION EXPECTS TO FURTHER REDUCE ITS NET DEBT/EBITDA RATIO DRIVEN BY STRONG CASH FLOW GENERATION.I REAFFIRM SHARED OBJECTIVE WITH ESSILORLUXOTTICA TO OBTAIN REGULATORY APPROVAL FOR THE CLOSURE OF THE TRANSACTION WITHIN 12 TO 24 MONTHS FROM ANNOUNCEMENT DATE - CEO.FY ADJUSTED EPS EUR 0.91 (FY18: EUR 0.91).

GrandVision FY Revenue Growth At Constant Exchange Rates Down At 8.8%

Jan 23 (Reuters) - Grandvision NV <GVNV.AS>::GRANDVISION ACHIEVED REVENUE GROWTH AT CONSTANT EXCHANGE RATES OF 8.8% FOR FULL YEAR 2019 WITH ORGANIC GROWTH OF 5.2%.COMPARABLE GROWTH ACCELERATED FROM 3.4% IN 2018 TO 4.1% IN 2019, DRIVEN BY A STRONG PERFORMANCE ACROSS ALL SEGMENTS AND PRODUCT CATEGORIES.IN Q4, REVENUE GROWTH AT CONSTANT EXCHANGE RATES WAS 10.7%, WITH ORGANIC AND COMPARABLE GROWTH OF 6.0% AND 4.6%, RESPECTIVELY.G4 SEGMENT ACHIEVED 3.7% COMPARABLE GROWTH FOR YEAR (4.4% IN 4Q19) WITH AN ESPECIALLY STRONG PERFORMANCE IN BENELUX, WHERE OUR BUSINESS FULLY RECOVERED FOLLOWING A CHALLENGING YEAR OF MANAGEMENT TRANSITION.FOR FY 2019, GRANDVISION IS EXPECTING ADJUSTED EBITDA GROWTH AT CONSTANT EXCHANGE RATES IN RANGE OF 4-6% .

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.

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

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