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De'Longhi Q3 profit climbs 17.7% YOY

De'Longhi SpA said its normalized net income for the third quarter was €20.6 million, a rise of 17.7% from €17.5 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 4.8% from 4.5% in the year-earlier period.

Total revenue grew 9.7% year over year to €427.5 million from €389.9 million, and total operating expenses increased 9.7% on an annual basis to €385.4 million from €351.3 million.

Reported net income came to €25.1 million, compared with €21.2 million in the prior-year period.