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Brembo Hikes Outlook as Profit Jumps 51%
Brake maker Brembo SpA reports its third-quarter revenue climbed 12% to €439 million, and net profit surged to €30 million from €20 million in July-September 2013.
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Brake maker Brembo SpA reports its third-quarter revenue climbed 12% to €439 million, and net profit surged to €30 million from €20 million in July-September 2013.
The company, which previously expected revenue to grow 13% in 2014, now predicts full-year sales will expand nearly 16%. Brembo forecasts this year's earnings before interest, tax, depreciation and amortization will be about 15% of sales.
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