Hornbach Baumarkt AG said its normalized net income for the fiscal fourth quarter ended Feb. 28 was a loss of 61 euro cents per share, compared with a loss of 55 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €19.5 million, compared with a loss of €17.3 million in the prior-year period.
The normalized profit margin declined to negative 2.9% from negative 2.7% in the year-earlier period.
Total revenue increased 5.4% year over year to €686.7 million from €651.4 million, and total operating expenses increased 6.2% on an annual basis to €716.3 million from €674.4 million.
Reported net income came to a loss of €22.2 million, or a loss of 70 cents per share, compared to a loss of €23.4 million, or a loss of 73 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled €1.90 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €2.17.
EPS rose 10.3% from €1.73 in the prior year.
Normalized net income was €60.6 million, a gain of 10.3% from €54.9 million in the prior year.
Full-year total revenue grew 6.5% year over year to €3.36 billion from €3.15 billion, and total operating expenses grew 6.5% on an annual basis to €3.24 billion from €3.05 billion.
The company said reported net income increased 23.4% year over year to €69.5 million, or €2.19 per share, in the full year, from €56.4 million, or €1.77 per share.
