Net income was €14.0 million ($18.9 mm) compared to a loss of €7.2 million last year for the final quarter ended Dec. 31 as sales hit a quarterly record €623.4 million ($841.6 mm) compared to €486.2 million last year. The sales strength was broadly based as all regions and product categories showed growth on a reported basis. This year’s results included one-time charges to lower operating expenses of €13.2 million compared to restructuring charges of €33.3 million last year.

For the year, net income rose 154% to €202.2 million ($273.0 mm) compared to €79.6 million, including one-time charges of €31.0 million ... Log in to view full article.