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Hornbach Holding fiscal Q4 loss widens 21.9% YOY

Hornbach Holding AG & Co. KGaA said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to a loss of 57 euro cents per share, compared with a loss of 47 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 €9.2 million, compared with a loss of €7.5 million in the year-earlier period.

The normalized profit margin declined to negative 1.4% from negative 1.1% in the year-earlier period.

Total revenue increased year over year to €720.3 million from €687.6 million, and total operating expenses increased 5.9% on an annual basis to €741.4 million from €700.3 million.

Reported net income came to a loss of €7.0 million, or a loss of 44 cents per share, compared to a loss of €13.7 million, or a loss of 85 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled €4.42 per share, an increase of 6.5% from €4.15 per share in the prior year.

Normalized net income was €70.7 million, an increase of 6.5% from €66.4 million in the prior year.

Full-year total revenue increased 6.0% year over year to €3.57 billion from €3.37 billion, and total operating expenses increased 6.2% on an annual basis to €3.41 billion from €3.21 billion.

The company said reported net income rose 24.1% year over year to €90.3 million, or €5.64 per share, in the full year, from €72.7 million, or €4.55 per share.