Brembo net profit rose 50% in the third quarter this year, boosted by a better performance of its business in Germany, the United States, France and the United Kingdom.

In a statement Brembo said its profit in the period was EUR20.1m (US$26.9m), Reuters reported.

The brake maker said it expected revenues in the fourth quarter of the year to grow at rates seen so far this year.

Sales rose 15% to EUR391.5m in the third quarter.