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Fenix Outdoor profit misses consensus by 62.9% in Q2

Fenix Outdoor International AG said its normalized net income for the second quarter amounted to 2 euro cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS declined 59.7% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €300,000, a decrease of 57.9% from €712,500 in the prior-year period.

The normalized profit margin fell to 0.3% from 1.6% in the year-earlier period.

Total revenue rose on an annual basis to €102.1 million from €45.4 million, and total operating expenses grew on an annual basis to €105.2 million from €44.1 million.

Reported net income came to a loss of €2.3 million, or a loss of 17 cents per share, compared to income of €900,000, or 7 cents per share, in the prior-year period.