Duni AB said its fourth-quarter normalized net income was 2.06 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 2.70 kronor per share.
In the prior-year period, the per-share result came in at a profit of 2.07 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 96.8 million kronor, compared with 97.5 million kronor in the prior-year period.
The normalized profit margin fell to 7.8% from 8.3% in the year-earlier period.
Total revenue rose 5.5% year over year to 1.23 billion kronor from 1.17 billion kronor, and total operating expenses climbed 7.1% year over year to 1.08 billion kronor from 1.01 billion kronor.
Reported net income increased on an annual basis to 112.0 million kronor, or 2.38 kronor per share, from 108.7 million kronor, or 2.31 kronor per share.
For the year, the company's normalized net income totaled 6.02 kronor per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7.79 kronor.
EPS declined from 6.28 kronor in the prior year.
Normalized net income was 283.0 million kronor, a decline from 295.0 million kronor in the prior year.
Full-year total revenue grew year over year to 4.27 billion kronor from 4.20 billion kronor, and total operating expenses grew year over year to 3.81 billion kronor from 3.70 billion kronor.
The company said reported net income decreased on an annual basis to 332.0 million kronor, or 7.06 kronor per share, in the full year, from 346.0 million kronor, or 7.36 kronor per share.
As of March 16, US$1 was equivalent to 8.83 Swedish kronor.