Net income rose 4% in Q4 ended Dec. 31 to €38.1 million ($51.8 mm) compared to €36.6 million on a 21 % sales increase to €583.4 million ($793.4 mm) from €482.8 million, bringing its net result for the year to a 119% improvement in net profit at €68.9 million ($93.7 mm) against €31.4 million on a 13% sales improvement to €1,740.4 million ($2,366.9 mm). The Q4 net performance was somewhat obscured by an €8.9 million swing in taxes, as pre-tax net was up 32%.

Amer characterized the year as one in which it built a solid foundation and made progress on ... Log in to view full article.