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Ludwig Beck profit beats consensus by 33.7% in Q2

Ludwig Beck am Rathauseck - Textilhaus Feldmeier AG said its normalized net income for the second quarter came to €1.86 per share, compared with the S&P Capital IQ consensus estimate of €1.39 per share.

EPS rose year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €6.9 million, a gain from €937,500 in the year-earlier period.

The normalized profit margin increased to 23.4% from 4.8% in the year-earlier period.

Total revenue increased 50.8% year over year to €29.4 million from €19.5 million, and total operating expenses rose from the prior-year period to €18.1 million from €17.8 million.

Reported net income increased on an annual basis to €10.9 million, or €2.95 per share, from €1.2 million, or 32 cents per share.