Elior Group SA said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to 13 euro cents per share, a decline of 5.6% from 14 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 €21.2 million, an increase of 29.1% from €16.4 million in the prior-year period.
The normalized profit margin increased to 1.5% from 1.2% in the year-earlier period.
Total revenue increased 5.3% on an annual basis to €1.42 billion from €1.35 billion, and total operating expenses rose 5.5% from the prior-year period to €1.35 billion from €1.28 billion.
Reported net income rose year over year to €19.7 million, or 12 cents per share, from €6.0 million, or 5 cents per share.
