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Medion fiscal Q4 profit falls YOY

Medion AG said its normalized net income for the fiscal fourth quarter ended March 31 was 3 euro cents per share, a decrease of 55.6% from 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.1 million, a decrease of 55.6% from €2.5 million in the prior-year period.

The normalized profit margin declined to 0.3% from 0.8% in the year-earlier period.

Total revenue rose 7.6% on an annual basis to €338.9 million from €315.0 million, and total operating expenses grew 8.5% year over year to €338.0 million from €311.4 million.

Reported net income decreased 29.3% from the prior-year period to €4.2 million, or 9 cents per share, from €5.9 million, or 13 cents per share.

For the year, the company's normalized net income totaled 44 cents per share, a gain of 17.4% from 38 cents per share in the prior year.

Normalized net income was €19.7 million, a gain of 17.4% from €16.8 million in the prior year.

Full-year total revenue rose 5.7% from the prior-year period to €1.35 billion from €1.28 billion, and total operating expenses increased 5.5% on an annual basis to €1.32 billion from €1.25 billion.

The company said reported net income rose 24.0% on an annual basis to €27.7 million, or 62 cents per share, in the full year, from €22.3 million, or 50 cents per share.