Brembo revenue up 16.3% to US$546.9m in Q3/2015
Brembo has posted revenue for the third quarter ended 30 September 2015, up 16.3% to EUR510.2m (US$546.9m) compared with EUR438.6m in the same period last year.
EBITDA was up 39.9% to EUR91.9m compared with EUR65.7m, while pre-tax profit was up 62.9% to EUR60.8m compared with EUR37.3m.
Net profit was up 42% to EUR43.2m compared with EUR30.4m in the year ago period.
Brembo's revenue for the first nine months ended 30 September, was up 15.6% to EUR1.54bn compared with EUR1.34bn.
EBITDA was up 28.4% to EUR266.8m, while pre-tax profit was up 43.7% to EUR178.6m compared with EUR124.3m. Net profit was up 40% to EUR132.1m EUR94.4m.
"We are very satisfied with the results we have achieved and confident about the closing months of the year," said Brembo chairman, Alberto Bombassei.
"In terms of geographical distribution, it is important to highlight a significant contribution to the results for the first nine months of the year came from non-European markets such as North America, where Brembo is constantly growing and the United States have now solidly become the largest market of reference for the Group and Asia, where Brembo reported an ongoing rise in India, Japan and China.
"With regards to the following periods, we are consciously prudent, also in light of the recent events in the German car market. I believe the impact on the Italian components market of the events regarding the largest European automotive group can be significant yet not dramatic.
"For Brembo in particular, we can reasonably expect the possible consequences to be modest, considering that our products are targeted to a premium market."