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GrandVision H1 profit climbs 24.7% YOY

GrandVision NV said its first-half normalized net income came to 40 euro cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS climbed 25.1% year over year from 32 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €99.7 million, an increase of 24.7% from €80.0 million in the prior-year period.

Total revenue grew 16.9% on an annual basis to €1.61 billion from €1.38 billion, and total operating expenses grew 17.1% year over year to €1.43 billion from €1.22 billion.

Reported net income increased 22.4% on an annual basis to €108.5 million, or 43 cents per share, from €88.6 million, or 35 cents per share.