Report
Anthony Dick ...
  • Michael Foundoukidis

Brembo : Risks not priced in

>Q4 “only’ in line with expectations overall - Brembo's full-year results were broadly in line with expectations, which could seem somewhat underwhelming, given that: 1/ most auto suppliers provided positive surprises in Q4 amid a stronger-than-expected recovery at the year-end for automotive production, and 2/ we had not revised our estimates since the initiation of coverage note published early December. In detail, despite better-than-expected Q4 revenues (€ 649m, +...
Underlying
Brembo S.p.A.

Brembo operates in the field of components for the motor vehicle industry, designing, manufacturing and marketing disc braking systems. The product ranges includes performance brake calipers, brake discs, wheel side assemblies, complete braking systems and integrated engineering services that accompany the development of new vehicle models marketed by car and motorbike manufacturers. Co.'s products and services are employed on cars, commercial vehicles, and motorbikes, as well as in racing. Co. is divided into several manufacturing and marketing units which Co. coordinates.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anthony Dick

Michael Foundoukidis

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