Mexican Media Brands
Brembo Posts Strong Sales, Earnings
Brake system supplier Brembo SpA reports its consolidated revenue in the fourth quarter of 2016 rose 8% to €565 million ($600 million), and net profit gained 5% to €55 million ($58 million).
#economics
Share
Brake system supplier Brembo SpA reports its consolidated revenue in the fourth quarter of 2016 rose 8% to €565 million ($600 million), and net profit gained 5% to €55 million ($58 million).
For the full year, consolidated revenue grew 10% to €2.3 billion ($2.4 billion), and net profit jumped 31% to €241 million ($255 million).
Sales last year by vehicle type gained 12% for cars, 8% for commercial vehicles and 6% for motorbikes. Revenue rose in all regions except South America, where volume fell 10%. Sales in the company’s two largest markets—North America and Germany—expanded 28% and 23%, respectively.
Revenue zoomed 68% in China last year, with half the growth contributed by an acquisition.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.