Erlebnis Akademie AG said its second-quarter normalized net income was €11,390, a fall of 86.3% from €83,270 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.6% from 4.1% in the year-earlier period.

Total revenue declined 9.1% on an annual basis to €1.8 million from €2.0 million, and total operating expenses decreased from the prior-year period to €1.8 million from €1.8 million.

Reported net income fell 86.3% from the prior-year period to €18,220, or 1 cents per share, from €133,290, or 8 cents per share.