TC Unterhaltungselektronik AG said its first-quarter normalized net income amounted to a loss of €5,620, compared with income of €6,990 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 3.1% from 2.9% in the year-earlier period.
Total revenue decreased 26.4% on an annual basis to €180,520 from €245,120, and total operating expenses declined 16.9% from the prior-year period to €189,490 from €227,950.
Reported net income came to a loss of €8,980, or a loss of 1 cents per share, compared to income of €11,170, or 1 cents per share, in the prior-year period.
