GrandVision N.V.


GrandVision N.V. (76.7%*), is a leading global optical retailer based at Amsterdam Airport Schiphol. The shares of the company are listed on Euronext in Amsterdam. At the end of 2016, the stock market value of HAL’s 76.7% ownership interest was € 4,081 million (2015: € 5,399 million). At the end of 2016 GrandVision was active in 44 countries and had 6,516 optical stores, including stores from its associates in India and Switzerland (2015: 6,110), of which 1,114 franchise stores (2015: 1,096) and had 28,766 full-time equivalent employees (FTE’s) (2015: 27,510). The total 2016 system wide sales (defined as sales including sales of franchise stores) amounted to € 3,657 million. Revenues as reported in the financial statements amounted to € 3,316 million (2015: € 3,205 million), a 3.5% increase. Excluding the effect of acquisitions and changes in currency exchange rates, revenues also increased by 3.5%. The 2016 same store sales (defined as the sales at constant currency exchange rates of those stores, excluding franchise stores, which were both on January 1, 2015 and on December 31, 2016 part of the store network), increased by 2.2% (2015: 4.1%). The 2016 operating income (earnings before interest, exceptional and non-recurring items, taxes and amortization of intangible assets, but including amortization of software), amounted to € 410 million (2015: € 390 million). 


HAL has had an ownership interest in GrandVision since 1996.


For additional information on GrandVision please refer to the company's annual report and its website.


* HAL stake as per the 2016 annual report of HAL Holding N.V.

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