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Leifheit Q3 profit falls YOY


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Leifheit Q3 profit falls YOY

Leifheit AG said its normalized net income for the third quarter amounted to 48 euro cents per share, a decrease of 5.6% from 50 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €4.5 million, a decline of 5.8% from €4.8 million in the prior-year period.

The normalized profit margin declined to 7.5% from 8.9% in the year-earlier period.

Total revenue grew 12.3% year over year to €60.0 million from €53.5 million, and total operating expenses increased 5.8% from the prior-year period to €52.2 million from €49.3 million.

Reported net income declined 5.5% from the prior-year period to €5.1 million, or 54 cents per share, from €5.4 million, or 57 cents per share.