SCHIPOL, The Netherlands—GrandVision NV (EURONEXT: GVNV), one of the world’s largest optical retail and sunwear retail companies, reported group revenues increased by 13.8 percent to €3.2 billion in its fiscal year 2015, ending Dec. 31, 3015, compared to its year end revenues of €2.8 billion in the prior year. At constant exchange rates, revenue grew by 13.2 percent, as foreign exchange fluctuations had a positive effect of 0.6 percent, the company said.

GrandVision’s revenue growth was driven by organic growth of 5.3 percent, comparable sales achieved in all three regional segments and in all product categories: prescription eyeglasses, contact lenses and sunglasses. The company said while acquisitions had a positive impact of 7.9 percent for the year.

Systemwide sales, which reflects the retail sales of GrandVision’s own stores plus that of its franchisees, increased 12.6 percent to €3.5 billion.

The company said that its net for the year increased by 32.3 percent to €231 million, compared with €175 million in FY14, an increased attributed to higher operating profit, lower net finance costs and non-recurring items.

GrandVision’s revenues for stores in G4 Europe increased by 8.6 percent to €1,976 million in FY15 including a positive effect of 2.4 percent from a stronger British pound against the euro. At constant exchange rates, revenue growth was 6.1 percent, with organic growth of 4.9 percent, and a positive acquisition impact of 1.3 percent. Comparable growth for this segment of 4.1 percent was the combination of high single digit growth in Austria, Germany and Spain, and low to mid- single digit growth in the other G4 countries. The total number of stores in the G4 segment increased to 3,033 for the year, compared to 2,979 in the prior year.

In what GrandVision refers to as its Other Europe segment, revenue increased by 19.5 percent to €875 million in FY15 (FY14: €732 million) or 20.8 percent at constant exchange rates. Organic revenue growth and comparable growth were 4.3 percent and 3.2 percent, respectively. Within the segment, most markets showed a solid performance during the year. The total number of stores in the Other Europe segment increased to 1,707 (FY14: 1,660) mainly due to new store openings.

GrandVision’s Americans & Asias segment now includes For Eyes Optical. The acquisition concluded on Dec. 1, 2015, marking the group’s first entry into the U.S. market. The company did not elaborate on its plans for For Eyes, with 116 locations, although in its financial presentation for the period, GrandVision noted that its “successful integration is a priority for 2016, that it had an experienced leadership team with a long GrandVision track record in place and that supply chain integration was one of the first initiatives here, including the roll-out of exclusive brands.”

Revenues grew by 33.6 percent to €354 million in FY15 (FY14: €265 million) including a -7.0 percent negative impact from weaker Latin American currencies and the Russian ruble against the Euro. At constant exchange rates, revenue grew by 40.6 percent. Organic and comparable growth were 11.1 percent and 6.6 percent, respectively. In Latin America, most countries continued to achieve high single digit comparable growth during the year, while Russia declined by low single digits due to the weak economic environment. The total number of stores in this segment increased to 1,370 (FY14: 1,175).

Capital expenditure of €162 million in FY15 was mainly invested in the ongoing optimization and expansion of the store network. Store capital expenditure increased to €122 million in for the year. Non-store capital expenditure decreased to €40 million in FY15. Strong investments continued into IT systems, including the global ERP system and IT-based omni-channel solutions. In June and July, the new SAP based global ERP system went live in the United Kingdom and Ireland as well as Belgium and the Netherlands. Further global rollout will continue over the next years, the company said.