GrandVision NV Announces Revenue Growth for the Fourth Quarter and Full Year of Fiscal 2017; Provides Adjusted EBITDA Guidance for the Fourth Quarter of 2017
For the year, the company announced revenue growth of 4.0% against 3.5% a year ago. Revenue growth at constant exchange rates at 5.6% against 6.5% a year ago. Organic growth of 3.5% against 3.5% a year ago, with comparable growth of 1.8% against 2.2% a year ago.
The company is expecting slower but still positive adjusted EBITDA growth in the fourth quarter despite the adverse calendar effect on revenue.