Highlights
-
First Quarter revenue grew by 16.9% or 15.6% at constant exchange rates to €784 million
-
Comparable growth reached 5.5%
-
Revenue growth was delivered in all segments:
-
G4 revenue grew by 9.7% at constant exchange rates with comparable growth of 6.8%
-
Other Europe revenue grew by 19.9% at constant exchange rates with comparable growth of 1.4%
-
Latin America and Asia revenue grew by 48.5% at constant exchange rates with comparable growth of 8.8%
-
-
Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 16.3% to €122 million
-
Adjusted EBITDA margin was broadly stable at 15.6% including the diluting impact of acquisitions.
-
Excluding acquisitions, the adjusted EBITDA margin improved by 92bps
-
Total number of stores was 5,825 (5,814 at year-end 2014)
GVNV First Quarter 2015 Trading Update
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GrandVision nv via GlobeNewswire
HUG#1919995