Grandvision NV reported Friday that fourth-quarter revenue grew 1.1% at steady exchange rates, and was not providing any guidance for 2021 due to coronavirus restrictions across several key markets.
Organic and relative revenues for the period grew 0.7% and 0.8%, respectively, the Dutch optical retailer said.
Full-year revenues for 2020 fell at 12% stable exchange rates, with both an organic and a comparable 14% decline, Grandvision said. This was driven by the closure of temporary stores in the first half as a result of the pandemic, as well as an overall decline in population numbers during the year, the company said.
In the company’s G4 segment, which includes parts of northern Europe and the Middle East, relative revenue grew 4.2% in the fourth quarter, but declined 12 % for the full year, with France and the UK hardest, Grandvision said.
In the Americas and Asia region there was a relative revenue decline of 1.2% for the quarter and 21% for the year, he said.
The company said it continued to support EssilorLuxottica in completing the construction of GrandVision and was working through the necessary regulatory consent processes.
“We are prepared to overcome it in 2021, but we expect the second wave to have an impact [of the pandemic] to get us back at least in the first quarter, “said Chief Stephan Borchert.