Marimekko Oyj said its normalized net income for the first quarter came to a loss of 9 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 cents per share.
The per-share loss decreased 34.5% year over year from 14 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €745,000, compared with a loss of €1.1 million in the prior-year period.
The normalized profit margin increased to negative 3.7% from negative 5.9% in the year-earlier period.
Total revenue climbed on an annual basis to €20.1 million from €19.4 million, and total operating expenses climbed on an annual basis to €21.5 million from €21.1 million.
Reported net income came to a loss of €1.1 million, or a loss of 14 cents per share, compared to a loss of €1.5 million, or a loss of 19 cents per share, in the year-earlier period.
