Chapters
Annual Report 2020

Five-year comparative overview

As required under the new European Shareholders Rights Directive, the table below shows 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

2020

2019

2018

2017

2016

Management Board

S. Borchert, CEO

1,529

1,619

2,906

-

-

W. Eelman, CFO

1,006

712

-

-

-

P.J. de Castro Fernandes, former CFO

-

267

784

1,333

1,654

T.A. Kiesselbach, former CEO

-

-

332

2,181

2,561

Total remuneration

2,535

2,599

4,022

3,514

4,215

Average number of Management Board Members

2.00

2.08

2.33

2.00

2.00

Average remuneration (A)

1,268

1,247

1,724

1,757

2,108

Employees G4

Total Remuneration G4

625,236

699,626

656,580

610,042

555,519

Average number of Employees G4 (FTE)

14,591

14,937

14,583

13,193

12,548

Average remuneration (B)

43

47

45

46

44

A/B pay ratio

30

27

38

38

48

The table below shows financial metrics:

in thousands of EUR

2020

2019 *

2018

2017

2016

Revenue

3,480,989

4,039,306

3,720,976

3,449,857

3,316,077

Adj. EBITA

266,380

475,195

426,246

415,081

410,301

Dividend per share

n.a

0.35

0.33

0.32

0.31

* Pre IFRS 16 revenue amounted to 4,037,417 and Adj. EBITA 443,035.