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Zooplus Q2 profit climbs YOY

zooplus AG said its normalized net income for the second quarter came to 18 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.

EPS declined 10.4% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.3 million, an increase from €1.3 million in the prior-year period.

The normalized profit margin declined to 0.7% from 1.0% in the year-earlier period.

Total revenue grew 33.4% on an annual basis to €174.3 million from €130.7 million, and total operating expenses grew 33.9% from the prior-year period to €172.2 million from €128.6 million.

Reported net income decreased 9.5% year over year to €1.2 million, or 16 cents per share, from €1.3 million, or 20 cents per share.