Byggmax Group AB (publ) said its normalized net income for the fourth quarter came to 187,500 kronor, a decline of 98.3% from 11.2 million kronor in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.0% from 1.3% in the year-earlier period.

Total revenue rose 16.2% on an annual basis to 974.9 million kronor from 839.3 million kronor, and total operating expenses rose 18.5% on an annual basis to 929.0 million kronor from 783.8 million kronor.

Reported net income grew from the prior-year period to 51.5 million kronor, or 82 öre per share, from 21.6 million kronor, or 33 öre per share.

For the year, the company's normalized net income totaled 3.07 kronor per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 4.48 kronor.

EPS declined 7.5% from 3.32 kronor in the prior year.

Normalized net income was 186.4 million kronor, a fall of 7.5% from 201.6 million kronor in the prior year.

Full-year total revenue rose 26.3% on an annual basis to 5.22 billion kronor from 4.13 billion kronor, and total operating expenses grew 29.4% year over year to 4.90 billion kronor from 3.79 billion kronor.

The company said reported net income grew 9.5% year over year to 279.4 million kronor, or 4.60 kronor per share, in the full year, from 255.1 million kronor, or 4.20 kronor per share.

As of April 19, US$1 was equivalent to 8.98 Swedish kronor.