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Grammer Q1 profit climbs 25.8% YOY

Grammer AG said its normalized net income for the first quarter amounted to 88 euro cents per share, an increase of 25.8% from 70 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €9.9 million, a gain of 25.8% from €7.8 million in the prior-year period.

The normalized profit margin increased to 2.8% from 2.4% in the year-earlier period.

Total revenue climbed 6.6% year over year to €352.7 million from €330.8 million, and total operating expenses climbed 6.4% year over year to €336.2 million from €316.0 million.

Reported net income increased 11.5% from the prior-year period to €9.7 million, or 87 cents per share, from €8.7 million, or 78 cents per share.