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Leifheit Q1 profit climbs 99.2% YOY

Leifheit AG said its first-quarter normalized net income came to 47 euro cents per share, a gain of 98.7% from 24 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 €4.4 million, an increase of 99.2% from €2.2 million in the year-earlier period.

The normalized profit margin rose to 7.7% from 4.0% in the year-earlier period.

Total revenue rose year over year to €58.1 million from €55.9 million, and total operating expenses climbed year over year to €53.7 million from €52.0 million.

Reported net income grew 98.6% from the prior-year period to €5.0 million, or 53 cents per share, from €2.5 million, or 27 cents per share.