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BRE — Brembo NV News Story

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Brembo raises full-year revenue growth target to around 5%, shares jump

Brembo raises full-year revenue growth target to around 5%, shares jump

- Italian premium brake maker Brembo BRBI.MI on Wednesday forecast full-year revenue growth of around 5% at constant exchange rates, up from a previously guided 3%, sending its shares more than 9% higher.

The Bergamo-based group reported a 9.8% rise in its second-quarter core profit to €162 million ($184 million), while its revenue grew 6.4% in the same period to €983 million.

($1 = 0.8781 euros)


(Reporting by Romolo Tosiani in Gdansk; Editing by Milla Nissi-Prussak)

((Romolo.Tosiani@tr.com))

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