Brembo has posted first quarter net profit up 32% to EUR60.4m (US$69m), while revenue rose 9.6% to EUR564m.
EBITDA was up 28% to EUR109.7m with EBIT increasing 42% to EUR84m.
“We are very satisfied with the results for the first quarter of the year,” said Brembo chairman, Alberto Bombassei. “Our achievements are due to our solid manufacturing identity
“It is no coincidence we are celebrating the production of our hundred-millionth disc at the Polish plant in Dabrowa. This important milestone was reached thanks to the entire team at the plant, which has been operating since 2006, but it is certainly a result that also rewards the work done by all of Brembo’s employees throughout the world.”
For his part, Brembo executive deputy chairman, Matteo Tiraboschi, added: “I share our chairman’s satisfaction with these excellent results, and in particular the significant margin growth, which continues to be driven by efficient use of production capacity.
“I think it bears highlighting in the second half of the year we will have to incur the ramp-up costs for the new production facilities that are starting up in Mexico and the US, which will be fundamental to supporting the Group’s future global growth.”
