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Hornbach Holding fiscal Q1 profit climbs 84.3% YOY

Hornbach Holding AG & Co. KGaA said its normalized net income for the fiscal first quarter ended May 31 amounted to €2.36 per share, an increase of 84.3% from €1.28 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €37.8 million, a gain of 84.3% from €20.5 million in the prior-year period.

The normalized profit margin rose to 3.7% from 2.3% in the year-earlier period.

Total revenue climbed 16.0% on an annual basis to €1.04 billion from €892.0 million, and total operating expenses grew 12.6% on an annual basis to €948.3 million from €841.9 million.

Reported net income rose 71.6% from the prior-year period to €44.1 million, or €2.76 per share, from €25.7 million, or €1.61 per share.