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AS Creation Tapeten Q1 profit falls YOY

A.S. Création Tapeten AG said its first-quarter normalized net income amounted to €1.25 per share, a decline from €1.30 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.4 million, a decrease from €3.6 million in the prior-year period.

The normalized profit margin climbed to 7.7% from 7.6% in the year-earlier period.

Total revenue fell 4.9% year over year to €44.7 million from €47.0 million, and total operating expenses fell 6.3% on an annual basis to €40.3 million from €43.0 million.

Reported net income fell 7.4% from the prior-year period to €3.9 million, or €1.41 per share, from €4.2 million, or €1.52 per share.