Atlantia SpA said its first-quarter normalized net income amounted to 25 euro cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS climbed 28.4% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €202.9 million, an increase of 25.2% from €162.0 million in the year-earlier period.

The normalized profit margin climbed to 15.6% from 13.7% in the year-earlier period.

Total revenue grew 9.5% year over year to €1.30 billion from €1.19 billion, and total operating expenses grew 7.5% year over year to €803.0 million from €747.0 million.

Reported net income rose 7.9% from the prior-year period to €177.0 million, or 22 cents per share, from €164.0 million, or 20 cents per share.