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AS Creation Tapeten Q2 profit climbs 24.8% YOY

A.S. Création Tapeten AG said its normalized net income for the second quarter amounted to 76 euro cents per share, a gain of 25.7% from 60 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 €2.1 million, a gain of 24.8% from €1.7 million in the year-earlier period.

The normalized profit margin dropped to 1.9% from 3.7% in the year-earlier period.

Total revenue fell 11.0% on an annual basis to €40.2 million from €45.2 million, and total operating expenses fell 5.5% from the prior-year period to €40.2 million from €42.5 million.

Reported net income increased 79.3% from the prior-year period to €3.1 million, or €1.12 per share, from €1.7 million, or 62 cents per share.