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Adler Modemärkte Q1 loss widens 63.1% YOY

Adler Modemärkte AG said its first-quarter normalized net income amounted to a loss of 58 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 62 cents per share.

The per-share loss grew 61.9% year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €10.7 million, compared with a loss of €6.5 million in the year-earlier period.

The normalized profit margin declined to negative 9.3% from negative 5.8% in the year-earlier period.

Total revenue climbed year over year to €115.1 million from €113.2 million, and total operating expenses rose 7.0% year over year to €131.0 million from €122.4 million.

Reported net income totaled a loss of €13.5 million, or a loss of 73 cents per share, compared to a loss of €8.2 million, or a loss of 45 cents per share, in the year-earlier period.