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AS Creation Tapeten Q1 profit climbs YOY

A.S. Création Tapeten AG said its normalized net income for the first quarter was €1.30 per share, an increase from 50 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 €3.6 million, a gain from €1.4 million in the year-earlier period.

The normalized profit margin climbed to 7.6% from 2.5% in the year-earlier period.

Total revenue decreased 13.5% year over year to €47.0 million from €54.3 million, and total operating expenses fell 13.6% from the prior-year period to €43.3 million from €50.2 million.

Reported net income rose on an annual basis to €4.2 million, or €1.52 per share, from €932,000, or 34 cents per share.