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Medion fiscal Q3 profit climbs 18.2% YOY

Medion AG said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to €12.1 million, a gain of 18.2% from €10.2 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 2.6% from 2.7% in the year-earlier period.

Total revenue rose 12.1% on an annual basis to €422.3 million from €376.8 million, and total operating expenses grew 10.9% year over year to €397.6 million from €358.5 million.

Reported net income totaled €14.1 million, compared with €11.9 million in the year-earlier period.