CIE Automotive SA said its first-quarter normalized net income came to €30.2 million, a gain of 54.3% from €19.6 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 climbed to 4.6% from 3.7% in the year-earlier period.
Total revenue grew 24.8% on an annual basis to €662.5 million from €530.7 million, and total operating expenses rose 23.7% from the prior-year period to €602.2 million from €486.7 million.
Reported net income rose 60.3% on an annual basis to €31.1 million, or 24 cents per share, from €19.4 million.
