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Hornbach Holding fiscal Q3 profit climbs 7.5% YOY

Hornbach Holding AG & Co. KGaA said its normalized net income for the fiscal third quarter ended Nov. 30 amounted to 98 euro cents per share, an increase of 7.5% from 91 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 €15.7 million, a gain of 7.5% from €14.6 million in the prior-year period.

The normalized profit margin rose to 1.8% from 1.7% in the year-earlier period.

Total revenue increased year over year to €875.8 million from €851.1 million, and total operating expenses grew year over year to €839.3 million from €815.8 million.

Reported net income grew 18.4% from the prior-year period to €19.3 million, or €1.21 per share, from €16.3 million, or €1.02 per share.