Calida Holding AG said its second-half normalized net income amounted to CHF1.36 per share, an increase from CHF1.33 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF11.0 million, an increase from CHF10.7 million in the prior-year period.
Total revenue fell 11.6% year over year to CHF189.5 million from CHF214.3 million, and total operating expenses fell 13.0% from the prior-year period to CHF170.6 million from CHF196.1 million.
Reported net income decreased 8.2% year over year to CHF15.1 million, or CHF1.87 per share, from CHF16.5 million, or CHF2.05 per share.
For the year, the company's normalized net income totaled CHF1.53 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of CHF1.33.
EPS declined 22.7% from CHF1.98 in the prior year.
Normalized net income was CHF12.4 million, a decline of 22.1% from CHF15.9 million in the prior year.
Full-year total revenue decreased 12.9% on an annual basis to CHF359.0 million from CHF412.4 million, and total operating expenses decreased 12.5% year over year to CHF336.7 million from CHF385.0 million.
The company said reported net income fell 27.6% on an annual basis to CHF15.9 million, or CHF1.97 per share, in the full year, from CHF22.0 million, or CHF2.74 per share.