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GrandVision H1 profit climbs 6.4% YOY

GrandVision NV said its normalized net income for the first half came to 41 euro cents per share, compared with the S&P Capital IQ consensus estimate of 47 cents per share.

EPS rose 5.4% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €104.3 million, an increase of 6.4% from €98.1 million in the prior-year period.

Total revenue rose on an annual basis to €1.67 billion from €1.61 billion, and total operating expenses rose on an annual basis to €1.48 billion from €1.43 billion.

Reported net income rose 7.9% year over year to €117.1 million, or 46 cents per share, from €108.5 million, or 43 cents per share.