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Raisio profit misses consensus by 42.1% in Q4

Raisio PLC said its fourth-quarter normalized net income amounted to 3 euro cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.

EPS decreased 42.9% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €5.3 million, a decline of 29.4% from €7.4 million in the prior-year period.

The normalized profit margin declined to 4.3% from 6.3% in the year-earlier period.

Total revenue rose on an annual basis to €122.7 million from €117.8 million, and total operating expenses climbed 7.9% on an annual basis to €113.4 million from €105.1 million.

Reported net income came to €6.7 million, or 4 cents per share, compared to a loss of €4.8 million, or a loss of 4 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 17 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 23 cents.

EPS rose 70.5% from 10 cents in the prior year.

Normalized net income was €27.2 million, a rise of 71.3% from €15.9 million in the prior year.

Full-year total revenue increased 5.5% from the prior-year period to €521.2 million from €493.9 million, and total operating expenses rose on an annual basis to €475.2 million from €467.1 million.

The company said reported net income rose year over year to €34.8 million, or 22 cents per share, in the full year, from €6.3 million, or 4 cents per share.