trending Market Intelligence /marketintelligence/en/news-insights/trending/P7DAdX_Au34MKJw9DvvIqA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

IVS Group swings to profit in Q1

Blog

Tracking Credit Risk of a Major U.S. Retailer

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud


IVS Group swings to profit in Q1

IVS Group SA said its normalized net income for the first quarter amounted to 9 euro cents per share, compared with a loss of 3 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 €3.5 million, compared with a loss of €1.1 million in the year-earlier period.

The normalized profit margin climbed to 4.1% from negative 1.5% in the year-earlier period.

Total revenue grew 8.8% on an annual basis to €84.2 million from €77.4 million, and total operating expenses climbed year over year to €74.4 million from €71.8 million.

Reported net income came to €3.4 million, or 9 cents per share, compared to a loss of €2.6 million, or a loss of 7 cents per share, in the prior-year period.