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Schouw & Co. profit beats consensus by 20.6% in Q1

A/S Schouw & Co. said its normalized net income for the first quarter came to 4.95 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 4.10 kroner per share.

EPS rose year over year from 1.92 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 116.6 million kroner, a gain from 46.1 million kroner in the prior-year period.

The normalized profit margin climbed to 4.2% from 1.9% in the year-earlier period.

Total revenue rose 15.8% year over year to 2.78 billion kroner from 2.40 billion kroner, and total operating expenses increased 14.2% year over year to 2.63 billion kroner from 2.31 billion kroner.

Reported net income increased from the prior-year period to 124.5 million kroner, or 5.28 kroner per share, from 53.6 million kroner, or 2.24 kroner per share.

As of May 7, US$1 was equivalent to 6.63 Danish kroner.