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Zooplus profit misses consensus by 25.5% in Q1

zooplus AG said its first-quarter normalized net income came to 14 euro cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.

EPS climbed 12.6% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €978,180, an increase of 25.4% from €780,290 in the year-earlier period.

The normalized profit margin dropped to 0.6% from 0.6% in the year-earlier period.

Total revenue rose 34.4% on an annual basis to €169.8 million from €126.3 million, and total operating expenses climbed 34.6% year over year to €168.2 million from €125.0 million.

Reported net income rose 31.6% on an annual basis to €922,930, or 13 cents per share, from €701,330, or 11 cents per share.