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Elior Group fiscal Q2 profit climbs 97.5% YOY

Elior Group SA said its normalized net income for the fiscal second quarter ended March 31 was 20 euro cents per share, an increase of 37.5% from 15 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 €34.1 million, an increase of 97.5% from €17.3 million in the year-earlier period.

The normalized profit margin increased to 2.0% from 1.3% in the year-earlier period.

Total revenue climbed 6.0% year over year to €1.40 billion from €1.32 billion, and total operating expenses grew 6.2% year over year to €1.34 billion from €1.26 billion.

Reported net income grew 38.5% year over year to €20.5 million, or 12 cents per share, from €14.8 million, or 12 cents per share.