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De'Longhi Q1 profit climbs YOY

De'Longhi SpA said its normalized net income for the first quarter came to €15.2 million, an increase from €14.8 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 4.1% from 4.4% in the year-earlier period.

Total revenue rose 9.0% on an annual basis to €368.4 million from €338.1 million, and total operating expenses climbed 10.1% from the prior-year period to €333.3 million from €302.7 million.

Reported net income came to €17.4 million, compared with €17.1 million in the year-earlier period.