Distribuidora Internacional de Alimentación SA said its normalized net income for the full year amounted to 35 euro cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS decreased year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €216.3 million, a decline from €224.7 million in the prior-year period.

The normalized profit margin dropped to 2.4% from 2.8% in the year-earlier period.

Total revenue increased 11.4% on an annual basis to €8.94 billion from €8.02 billion, and total operating expenses rose 12.0% on an annual basis to €8.57 billion from €7.65 billion.

Reported net income increased 44.1% year over year to €300.7 million, or 48 cents per share, from €208.6 million, or 32 cents per share.