# Brembo Q1 operating profit rises on record sales
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-05-09
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Brembo Q1 Operating Profit Rises on Record Sales
Meta Description: Italian premium brake maker Brembo sees moderate revenue growth and margins in line with 2023 in 2024. Stay updated with Reuters for more.
URL: https://startupobserver.com/brembo-q1-operating-profit-rises-on-record-sales/

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(Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter.

Brembo’s January-March operating profit (EBIT) stood at 112.8 million euros ($121.06 million), while its net profit marginally decreased to 75.2 million euros from 76.8 million euros.

The group said in a statement it sees for 2024 moderate revenue growth and margins in line with 2023.

($1 = 0.9318 euros)

(Reporting by Alessandro Parodi in Gdansk; Editing by Tomasz Janowski)


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