A/S Schouw & Co. said its normalized net income for the fourth quarter was 7.46 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 8.71 kroner per share.

EPS increased 44.5% year over year from 5.17 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 176.9 million kroner, a gain of 45.7% from 121.4 million kroner in the year-earlier period.

The normalized profit margin climbed to 5.7% from 3.9% in the year-earlier period.

Total revenue totaled 3.08 billion kroner, compared with 3.10 billion kroner in the year-earlier period, and total operating expenses declined year over year to 2.82 billion kroner from 2.90 billion kroner.

Reported net income increased year over year to 224.8 million kroner, or 9.48 kroner per share, from 44.8 million kroner, or 1.90 kroner per share.

For the year, the company's normalized net income totaled 24.24 kroner per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 26.62 kroner.

EPS rose 32.5% from 18.29 kroner in the prior year.

Normalized net income was 573.6 million kroner, a rise of 32.1% from 434.3 million kroner in the prior year.

Full-year total revenue grew 6.6% on an annual basis to 12.57 billion kroner from 11.78 billion kroner, and total operating expenses rose 5.9% year over year to 11.74 billion kroner from 11.08 billion kroner.

The company said reported net income increased 51.5% on an annual basis to 647.9 million kroner, or 27.38 kroner per share, in the full year, from 427.8 million kroner, or 18.02 kroner per share.

As of March 4, US$1 was equivalent to 6.79 Danish kroner.