Chapters
Annual Report 2019

Investor Relations

GrandVision provides our shareholders, potential shareholders and other stakeholders with relevant information about our business model, strategy and results. The majority of communications to the investment community are widely-distributed corporate press releases, made available and filed with the AFM. In addition, GrandVision posts all relevant and important information available on the Investor Relations section of GrandVision.com.

GrandVision communicates with financial markets directly on a regular basis. These exchanges with shareholders, analysts and potential investors are based on publicly available presentations and discuss price-sensitive information that is also publicly available.

At present, GrandVision is covered by 16 financial analysts.

Financial year and quarterly reporting

GrandVision’s financial year runs from 1 January until 31 December and we publish annual and semi-annual results. For the first and third quarters, we publish trading updates. GrandVision also organizes conference calls for analysts and investors that are available on GrandVision.com.

In addition, GrandVision keeps stakeholders informed through corporate press releases on any price-sensitive information and other material developments throughout the financial year.

Closed periods

GrandVision’s bylaws state the company observe a ‘closed’ period prior to publishing regular financial information. The annual results period starts two months before the publication date. Semi-annual results run from the first day of the quarter until the semi-annual results announcement. And there is a one month closed period for trading updates prior to the publication date.

Disclosure of non-IFRS financial measures and operating data

GrandVision’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union.

Certain parts of our financial reporting and disclosure may contain non-IFRS financial measures and ratios, such as: system-wide sales, organic growth, revenue growth from acquisitions, comparable growth, EBITA, EBITDA, adjusted EBITDA, adjusted EPS, free cash flow and net debt. These are not recognized measures of financial performance or liquidity under IFRS. In addition, certain operational data, such as the number of brands, stores and countries where we are present, may be disclosed.

Our management use the non-IFRS financial measures to monitor GrandVision’s underlying performance of business and operations and, accordingly, they have not been audited or reviewed. In addition, they may not be indicative of the historical operating results, nor are meant to predict future results.

These non-IFRS measures are presented because they are important supplemental measures of GrandVision’s performance. We believe that these and similar measures are widely used in the industry in which GrandVision operates as a way to evaluate a company’s operating performance and liquidity.

Not all companies calculate their non-IFRS financial measures in the same manner or consistency. As a result, these measures and ratios may not be comparable to measures used by other companies under the same or similar names.