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Brembo: good quarterly report, net profit leaps to 13,4 million

Revenues (+9,5%) and Ebitda (+20,9%) also did well in the third quarter – In the nine months, profit grew by 59,8% to 49 million euros – The stock in Bag.

Brembo: good quarterly report, net profit leaps to 13,4 million

Goes to archive the third quarter of Brembo which closed with a net profit up to 13,4 million euro, more than double compared to 5,9 million in the same period of 2011. Turnover grew by 9,5% to 342 million while Ebitda increased by 20,9%, reaching 40,2 million. Ebit, on the other hand, stood at 19,4 million euros (26,3%).

Taking into account the first nine months of 2012 the growth of net profit was 59,8% at 49 million euro, while the recorded turnover is 1.044,6 million (+10,5%), the ebitda has increased up to 128,6 million (+12,5%) and the ebit to 68,6 million (+17,9, 30%). As at 351,5 September, net financial debt showed a slight decrease, from 350,3 million at the end of June to XNUMX million.

In his statement, the Bombassei company confirms the forecasts of the beginning of the year who spoke of "revenues growing by 9-10% and margins in percentage terms with 2011". 

The market reaction was positive, with the Brembo stock gaining 2,61% in the early afternoon to €8,465 per share. 

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