Brembo : A profile that fails to stand out, except at the valuation level
>2023 results in line with forecasts, 2024 guidance incomplete - Yesterday during trading, Brembo published Q4 results that came in line with expectations on the P&L and above for FCF thanks to working capital. For 2024, the group is targeting mid-single-digit revenue growth, in line with expectations (cons./ ODDO BHF at +5% y-o-y), but has provided no indications on profitability. Moreover, there were no news on the commercial front, notably the Sensify technology (...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.