Fiskars Oyj Abp said its first-quarter normalized net income amounted to 42 euro cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.
EPS climbed year over year from 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €34.2 million, a gain from €9.2 million in the prior-year period.
The normalized profit margin increased to 14.9% from 5.0% in the year-earlier period.
Total revenue grew 24.9% on an annual basis to €230.0 million from €184.1 million, and total operating expenses increased 21.8% on an annual basis to €214.4 million from €176.0 million.
Reported net income increased from the prior-year period to €77.7 million, or 95 cents per share, from €11.8 million, or 14 cents per share.
