Brembo reports huge double-digit rises in 1Q sales, margin and EBITDA

Brake manufacturer Brembo has reported very strong increases in first quarter revenues – up 20.2 per cent to 446.9 million euros; operating margins – EBITDA at 69.1 million euros (+46.1 per cent); and pre-tax profits – EBIT of 45.9 million euros,  +75.6 per cent.

This means that compared to the first quarter of 2013, net investments for the quarter amounted to 23 million euros and net financial debt was 340 million euros, down by 4.6 million euros compared to the first quarter of 2013.

Chairman Alberto Bombassei stated: “We are highly satisfied with the results achieved in the first three months of the year, which showed a significant increase in revenues and margins, in line with the fourth quarter of 2013. The positive contributions by all market segments and geographical areas in which we operate confirm the soundness of the strategies implemented and investments made in previous years. Germany and the United States remain the Group’s top markets, but we are also seeing renewed activity in those European markets, including Italy, where we have suffered the most in the recent past.”