In the internal management reports, GrandVision measures its performance primarily based on EBITA and adjusted EBITA (refer to note 4). These are non-GAAP measures not calculated in accordance with IFRS.
The table below presents the relationship with IFRS measures, the operating result and GrandVision non-GAAP measures, i.e. EBITA.
in thousands of EUR | 2020 | 2019 |
|---|---|---|
Adjusted EBITA | 266,380 | 475,195 |
Non-recurring items | - 63,097 | - 62,632 |
EBITA | 203,283 | 412,563 |
Amortization & impairments | - 143,691 | - 88,594 |
Operating result | 59,592 | 323,969 |
Adjusted earnings per share, basic (in EUR per share) | - 0.07 | 0.91 |
Adjusted earnings per share, diluted (in EUR per share) | - 0.07 | 0.90 |
Adjusted earnings per share is calculated by dividing the result for the year excluding the effect of non-recurring items (net of tax) attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.