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Manz AG Q1 loss narrows YOY

Manz AG said its normalized net income for the first quarter amounted to a loss of 36 euro cents per share, compared with a loss of €1.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €2.0 million, compared with a loss of €6.1 million in the prior-year period.

The normalized profit margin increased to negative 2.9% from negative 10.4% in the year-earlier period.

Total revenue rose 12.7% year over year to €66.8 million from €59.2 million, and total operating expenses came to €69.2 million, compared with €68.7 million in the prior-year period.

Reported net income came to a loss of €3.1 million, or a loss of 58 cents per share, compared to a loss of €10.2 million, or a loss of €2.08 per share, in the year-earlier period.