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Dassault Aviation profit beats consensus by 43.3% in H1

Dassault Aviation SA said its normalized net income for the first half came to €29.86 per share, compared with the S&P Capital IQ consensus estimate of €20.83 per share.

EPS rose 43.4% year over year from €20.83.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €245.3 million, a gain of 36.1% from €180.3 million in the year-earlier period.

Total revenue climbed 24.1% year over year to €2.06 billion from €1.66 billion, and total operating expenses grew 26.8% on an annual basis to €1.95 billion from €1.54 billion.

Reported net income grew 63.9% year over year to €390.3 million, or €47.50 per share, from €238.0 million, or €27.50 per share.