Einhell Germany AG said its first-quarter normalized net income was 71 euro cents per share, an increase from 21 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 €2.8 million, a gain from €816,000 in the prior-year period.

The normalized profit margin climbed to 2.5% from 0.8% in the year-earlier period.

Total revenue grew 7.4% on an annual basis to €112.8 million from €105.1 million, and total operating expenses grew on an annual basis to €108.0 million from €103.6 million.

Reported net income grew year over year to €2.8 million, or 70 cents per share, from €766,000, or 20 cents per share.