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MATAS profit misses consensus by 27.8% in fiscal Q4

Matas A/S said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 1.31 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 1.81 kroner per share.

EPS increased 21.7% year over year from 1.08 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 53.1 million kroner, a gain of 23.2% from 43.1 million kroner in the year-earlier period.

The normalized profit margin increased to 6.9% from 5.8% in the year-earlier period.

Total revenue increased on an annual basis to 772.2 million kroner from 744.0 million kroner, and total operating expenses rose year over year to 672.2 million kroner from 654.3 million kroner.

Reported net income increased from the prior-year period to 63.1 million kroner, or 1.56 kroner per share, from 4.1 million kroner, or 10 øre per share.

For the year, the company's normalized net income totaled 7.10 kroner per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 9.92 kroner.

EPS rose 12.4% from 6.32 kroner in the prior year.

Normalized net income was 288.6 million kroner, a rise of 12.1% from 257.4 million kroner in the prior year.

Full-year total revenue increased from the prior-year period to 3.43 billion kroner from 3.34 billion kroner, and total operating expenses increased on an annual basis to 2.91 billion kroner from 2.85 billion kroner.

The company said reported net income grew 36.8% year over year to 340.4 million kroner, or 8.38 kroner per share, in the full year, from 248.9 million kroner, or 6.11 kroner per share.

As of May 28, US$1 was equivalent to 6.83 Danish kroner.