KION GROUP AG said its third-quarter normalized net income was 63 euro cents per share, compared with the S&P Capital IQ consensus estimate of 97 cents per share.
EPS rose 13.3% year over year from 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €73.3 million, a gain of 24.2% from €59.1 million in the year-earlier period.
The normalized profit margin declined to 4.0% from 4.6% in the year-earlier period.
Total revenue rose 44.0% on an annual basis to €1.85 billion from €1.28 billion, and total operating expenses climbed 44.5% from the prior-year period to €1.70 billion from €1.18 billion.
Reported net income grew 20.2% year over year to €79.7 million, or 68 cents per share, from €66.3 million, or 62 cents per share.
