Brembo Brakes profits UP 41%
Italian brake manufacturer Brembo’s profits are growing at a faster rate than its sales. It finished 2015 with earnings before interest and taxes up 41% to 251 million euros on a sales growth of 15 percent to 2.1 billion euros. The trend continued in the first quarter of this year with EBIT up 42% to 84.0 million euros on a 9.6% revenue rise to 563.6 million euros. Chairman Alberto Bombassei who has sat in this position for the longest time says Brembo’s growth is still on the upward trend, so expect more growth and profits.
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