Brembo has unveiled first half net profit up 44% to EUR35.6m (US$43.9m) and although revenue increased 11% to EUR702.6m, the company is keenly eyeing the economic crisis in southern Europe.
All sectors reported improved performance, says Brembo, compared to the first half of 2011, with the percentage growth high for the car applications sector (+13.1%), followed
by motorbike applications (+8.5%), racing sector (+7.9%) and commercial vehicles
(+5.3%).
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“Overall, we are satisfied with the results for the first half of the year, both in terms of growth and profitability,” said Brembo chairman, Alberto Bombassei. “The performance of our order backlog allows us to look towards the coming months with confidence.
“However, we will attentively observe the evolution of the economic and financial crisis, which is impacting the automotive markets in southern Europe.”
