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Medion fiscal Q1 profit climbs 12.9% YOY

Medion AG said its normalized net income for the fiscal first quarter ended June 30 was €2.2 million, a rise of 12.9% from €1.9 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.8% from 0.7% in the year-earlier period.

Total revenue rose year over year to €286.2 million from €274.3 million, and total operating expenses climbed year over year to €283.0 million from €271.4 million.

Reported net income came to €3.2 million, compared with €1.8 million in the prior-year period.