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TAKKT Q3 profit climbs 18.6% YOY

TAKKT AG said its third-quarter normalized net income amounted to 30 euro cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.

EPS rose 18.6% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €19.5 million, a gain of 18.6% from €16.4 million in the prior-year period.

The normalized profit margin increased to 6.8% from 6.4% in the year-earlier period.

Total revenue climbed 11.0% on an annual basis to €283.0 million from €254.9 million, and total operating expenses rose 10.7% on an annual basis to €249.4 million from €225.3 million.

Reported net income grew 14.4% year over year to €19.9 million, or 30 cents per share, from €17.4 million, or 27 cents per share.