Fenix Outdoor International AG said its normalized net income for the fourth quarter amounted to €4.5 million, an increase from €34,000 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 4.1% from 0.1% in the year-earlier period.
Total revenue increased 97.8% on an annual basis to €110.8 million from €56.0 million, and total operating expenses grew 71.0% from the prior-year period to €103.9 million from €60.8 million.
Reported net income came to €5.9 million, or 44 cents per share, compared to a loss of €4.0 million, or a loss of 13 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled €2.07 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.33.
EPS rose 24.0% from €1.67 in the prior year.
Normalized net income was €27.8 million, a rise of 25.9% from €22.1 million in the prior year.
Full-year total revenue increased 89.9% year over year to €451.3 million from €237.7 million, and total operating expenses increased 100.6% year over year to €419.8 million from €209.3 million.
The company said reported net income increased 26.2% year over year to €28.3 million, or €2.10 per share, in the full year, from €22.4 million, or €1.69 per share.