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Autogrill Q3 profit climbs 10.4% YOY

Autogrill S.p.A. said its normalized net income for the third quarter came to 25 euro cents per share, an increase of 10.3% from 23 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €64.3 million, an increase of 10.4% from €58.3 million in the year-earlier period.

The normalized profit margin increased to 5.2% from 4.9% in the year-earlier period.

Total revenue increased year over year to €1.24 billion from €1.20 billion, and total operating expenses climbed from the prior-year period to €1.12 billion from €1.08 billion.

Reported net income rose 11.7% year over year to €79.1 million, or 31 cents per share, from €70.8 million, or 28 cents per share.