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AS Creation Tapeten Q3 loss narrows YOY

A.S. Création Tapeten AG said its normalized net income for the third quarter was a loss of 2 euro cents per share, compared with a loss of 79 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 a loss of €62,500, compared with a loss of €2.2 million in the prior-year period.

The normalized profit margin climbed to negative 0.2% from negative 5.5% in the year-earlier period.

Total revenue declined 12.9% year over year to €34.6 million from €39.7 million, and total operating expenses declined 13.3% from the prior-year period to €35.0 million from €40.4 million.

Reported net income totaled a loss of €112,000, or a loss of 4 cents per share, compared to a loss of €3.8 million, or a loss of €1.39 per share, in the year-earlier period.