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Restamax Oyj profit misses consensus by 21.1% in Q3

Restamax Oyj said its third-quarter normalized net income was 13 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.

EPS rose 42.6% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.1 million, an increase of 35.0% from €1.5 million in the prior-year period.

The normalized profit margin climbed to 5.6% from 4.9% in the year-earlier period.

Total revenue grew 16.9% on an annual basis to €36.6 million from €31.3 million, and total operating expenses climbed 15.8% from the prior-year period to €32.8 million from €28.3 million.

Reported net income rose 9.2% on an annual basis to €2.4 million, or 15 cents per share, from €2.2 million, or 13 cents per share.