Leonardo SpA said its normalized net income for the first quarter was €43.1 million, a rise of 200.0% from €14.4 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 1.7% from 0.5% in the year-earlier period.
Total revenue decreased on an annual basis to €2.54 billion from €2.65 billion, and total operating expenses declined year over year to €2.40 billion from €2.51 billion.
Reported net income came to €56.0 million, compared with a loss of €6.0 million, or a loss of 1 cents per share, in the year-earlier period.