Chapters
Annual Report 2019

Five-year comparative overview

As required under the new European Shareholders Rights Directive we present in the table below the five-year overview of the total remuneration per Management Board Director. Furthermore, GrandVision presents in accordance with best practice 3.4.1. of the Dutch Corporate Governance Code, the pay ratio between the Management Board and the employees of our G4 segment (Benelux, Germany/Austria, France and the U.K.).

in thousands of EUR

2019

2018

2017

2016

2015

Management Board

S. Borchert, CEO

1,619

2,906

-

-

-

W. Eelman, CFO

658

-

-

-

-

P.J. de Castro Fernandes, former CFO

267

784

1,333

1,654

2,246

T.A. Kiesselbach, former CEO

-

332

2,181

2,561

2,445

Total remuneration

2,545

4,022

3,514

4,215

4,691

Average number of Management Board Members

2.08

2.33

2.00

2.00

2.00

Average remuneration (A)

1,221

1,724

1,757

2,108

2,346

Employees G4

Total Remuneration G4

699,626

656,580

610,042

555,519

567,193

Average number of Employees G4 (FTE)

14,937

14,583

13,193

12,548

12,308

Average remuneration (B)

47

45

46

44

46

A/B pay ratio

26

38

38

48

51

The table below shows financial metrics:

in thousands of EUR

2019 (pre IFRS 16)

2018

2017

2016

2015

Revenue

4,037,417

3,720,976

3,449,857

3,316,077

3,204,886

Adj. EBITA

443,035

426,246

415,081

410,301

390,291

Dividend per share

0.35

0.33

0.32

0.31

0.28