Annual Report 2020

4. Our financial performance

GrandVision reported EUR 3.5 billion in revenue and EUR 266 million in adjusted EBITA for 2020. Despite the strong resilience our business demonstrated, the revenue and adjusted EBITA were 12.2% and 43.1% below 2019, respectively, at constant exchange rates. The global business disruption caused by the COVID-19 pandemic more than offset the strong performance of our e-commerce business and ongoing efficiency gains resulting from our steps towards a structurally-improved profitability ambition.