Optician company Grandvision‘s turnover and like-for-like turnover both grew once more in its fourth quarter. Turnover went up 8 % thanks to several acquisitions, but like-for-like turnover also grew nearly 4 %.
Growth in every market
Looking at its performance in the G4 area (being 4 combined regions: France and Luxembourg; Germany and Austria; Netherlands and Belgium; the United Kingdom and Ireland), its turnover growth pace increased in the fourth quarter. In Germany for instance, many consumers had delayed their third quarter purchase, leading to a growth speed increase in the fourth quarter. In France on the other hand, Grandvision gained market share thanks to its low pricing, which helped grow its budget formulas like Générale d’Optique.
It did grew even faster in the rest of Europe, where Italy is its main market and where the local merger between Avanzi and Optissimo is already paying off. Growth in America and Asia arrived through acquisitions in the United States, Mexico and Uruguay, but also through organic growth in Mexico and Turkey.
Grandvision maintains its full-year forecast, with a turnover growth that exceeds 5 %, but it will not reveal its final results until 20 February.
