Chapters
Annual Report 2020

31. Non-GAAP Measures

In the internal management reports, GrandVision measures its performance primarily based on EBITA and adjusted EBITA (refer to note 4). These are non-GAAP measures not calculated in accordance with IFRS.

The table below presents the relationship with IFRS measures, the operating result and GrandVision non-GAAP measures, i.e. EBITA.

in thousands of EUR

2020

2019

Adjusted EBITA

266,380

475,195

Non-recurring items

- 63,097

- 62,632

EBITA

203,283

412,563

Amortization & impairments

- 143,691

- 88,594

Operating result

59,592

323,969

Adjusted earnings per share, basic (in EUR per share)

- 0.07

0.91

Adjusted earnings per share, diluted (in EUR per share)

- 0.07

0.90

Adjusted earnings per share is calculated by dividing the result for the year excluding the effect of non-recurring items (net of tax) attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.