GrandVision's turnover up in first half of 2016

GrandVision‘s turnover, which owns optician chain Pearle among other chains, managed a higher turnover and a higher net profit in the first half of 2016. Its results also beat previous forecasts.

Higher net profit

GrandVision’s second quarter turnover reached 867 million euro, up 4.8 % compared to the year before. If exchange rates had remained stable, it would even have been an 8.4 % increase. Like-for-like turnover growth was also admirable, at 3.6 %. 

Over the first two quarters, turnover grew 3.7 % to 1.67 billion euro, with a 127 million euro net profit, up 7.3 % compared to last year, when it managed a 118 million euro net profit.

Huge growth in America and Asia

There was growth in every region for the company. In its 4 most valuable markets, called the G4 region, turnover grew 2.5 % in the first six months, while the rest of Europe managed a 1.3 % growth.

However, the largest spikes came from the Americas & Asia region, where turnover grew 21.1 % in the past 6 months. If exchange rates had remained level, turnover would have grown 38 %. The region’s like-for-like turnover growth reached 9.2 %.