Brembo Q1 operating profit rises on record sales

Brembo NV

09/05/2024 12:07

May 9 (Reuters) - Italian premium brake maker Brembo
 BRBI.MI  posted on Thursday an 8.5% yearly increase in
first-quarter operating profit as revenues grew to a record 1
billion euros in the quarter.
        Brembo's January-March operating profit (EBIT) stood at
112.8 million euros ($121.06 million), while its net profit
marginally decreased to 75.2 million euros from 76.8 million
euros.
    The group said in a statement it sees for 2024 moderate
revenue growth and margins in line with 2023.   

($1 = 0.9318 euros)

 (Reporting by Alessandro Parodi in Gdansk; Editing by Tomasz
Janowski)
 ((alessandro.parodi@thomsonreuters.com))