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Tom Tailor Holding swings to loss in Q3

Tom Tailor Holding SE said its third-quarter normalized net income was a loss of 13 euro cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.

The per-share result swung to a loss from the prior-year profit of 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €3.3 million, compared with income of €3.0 million in the year-earlier period.

The normalized profit margin dropped to negative 1.4% from 1.2% in the year-earlier period.

Total revenue declined on an annual basis to €248.1 million from €253.8 million, and total operating expenses climbed from the prior-year period to €248.3 million from €241.1 million.

Reported net income came to a loss of €3.9 million, or a loss of 15 cents per share, compared to income of €5.0 million, or 19 cents per share, in the year-earlier period.