BUSINESS: Financial GrandVision Reports Revenues Rose 2.5 Percent in Q1 By Staff Monday, May 2, 2016 12:20 AM SCHIPOL, The Netherlands—GrandVision NV (EURONEXT: GVNV), the major global optical retail group, reported its first quarter results, noting that overall revenue increased by 2.5 percent to €803 million, compared to €784 million in Q1 2015, or 4.9 percent at constant exchange rates.The company also said that comparable sales growth of 0.9 percent was “impacted by a high prior year comparable of 5.5 percent as well as fewer selling days and an earlier Easter.” The company’s Americas and Asia segment, saw revenues increase by 19.2 percent to €101 million, compared to €85 million in Q1 2015, or 35.5 percent at constant exchange rates. This sector also delivered 8.5 percent comp growth, with a particularly strong performance in Chile, Mexico and Turkey, the company noted.Revenue in the GrandVision’s G4 segment in Europe increased by 0.7 percent to €494 million in Q1 2016, compared to €491 million in Q1 2015 and by 1.2 percent at constant exchange rates. Organic revenue growth and comparable growth were 0.7 percent and 0.3 percent, respectively, with the company noting that comp growth during the quarter was negatively impacted by a low single digit decline in Germany and Austria following very strong prior year comps. During the quarter, Belgium, France and the U.K. delivered low single digit comparable growth.The GrandVision group operated a total of 6,121 stores for the year, compared to 6,110 at year-end 2015. GrandVision operates leading optical retail banners, including Grand Optical, Vision Express, Instrumentarium, Solaris, Apollo Optik and more in 44 countries across Europe, the Americas, the Middle East and Asia.As VMail has previously reported, GrandVision completed its acquisition of the For Eyes Optical retail chain in the U.S. in December, 2015.