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EDreams Odigeo fiscal Q2 profit falls YOY

EDreams Odigeo SA said its normalized net income for the fiscal second quarter ended Sept. 30 was 5 euro cents per share, a decrease of 24.2% from 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €5.4 million, a decline of 20.2% from €6.7 million in the year-earlier period.

The normalized profit margin declined to 3.1% from 5.3% in the year-earlier period.

Total revenue decreased year over year to €125.5 million from €126.8 million, and total operating expenses rose 6.8% on an annual basis to €106.6 million from €99.8 million.

Reported net income came to €4.3 million, or 4 cents per share, compared to a loss of €2.2 million, or a loss of 2 cents per share, in the prior-year period.