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DO & CO fiscal Q4 profit falls YOY

DO & CO AG said its normalized net income for the fiscal fourth quarter ended March 31 was 27 euro cents per share, a decline of 42.6% from 47 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.6 million, a decrease of 42.6% from €4.6 million in the year-earlier period.

The normalized profit margin fell to 2.4% from 3.0% in the year-earlier period.

Total revenue increased 29.1% on an annual basis to €198.2 million from €153.5 million, and total operating expenses grew 41.3% on an annual basis to €176.4 million from €124.9 million.

Reported net income declined from the prior-year period to €6.0 million, or 62 cents per share, from €6.3 million, or 65 cents per share.

For the year, the company's normalized net income totaled €1.71 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €3.23.

EPS declined 16.0% from €2.04 in the prior year.

Normalized net income was €16.5 million, a decline of 16.9% from €19.9 million in the prior year.

Full-year total revenue increased 25.1% from the prior-year period to €796.0 million from €636.3 million, and total operating expenses grew 26.9% on an annual basis to €749.0 million from €590.0 million.

The company said reported net income increased 33.7% year over year to €34.9 million, or €3.62 per share, in the full year, from €26.1 million, or €2.68 per share.