Autogrill SpA said its normalized net income for the first quarter came to a loss of 9 euro cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.
In the prior-year period, the per-share result came in at a loss of 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €24.0 million, compared with a loss of €23.7 million in the year-earlier period.
The normalized profit margin climbed to negative 2.7% from negative 2.9% in the year-earlier period.
Total revenue grew 9.9% year over year to €893.5 million from €813.0 million, and total operating expenses climbed 9.5% from the prior-year period to €919.5 million from €840.1 million.
Reported net income totaled a loss of €40.4 million, or a loss of 16 cents per share, compared to a loss of €37.1 million, or a loss of 15 cents per share, in the prior-year period.
