Huge boost for GrandVision's profit

Optician group GrandVision‘s turnover and net profit grew a lot in 2015. Pearle and Eye Wish’s parent company took full advantage of several acquisitions.

New markets grew the most

Turnover grew nearly 14 % in 2015, to 3.2 billion euro, although its net profit increase was even more remarkable. It reached 231 million euro, up from 175 million the year before, which means it trumped analysts’ expectations at 222 million euro. The optician chain would still have managed a 5 % turnover increase if acquisitions and exchange rate fluctuations are taken out of the equation. 

GrandVision’s four largest markets (the Netherlands, France, Germany and the United Kingdom – collectively called the G4) contribute 60 % of the group’s total turnover and managed a 8.6 % turnover growth in 2015, up to 2 billion euro. GrandVision achieved its biggest growth in new markets however, as the other European countries’ turnover grew more than 20 %, while Latin American and Asian turnover grew 33.6 %.