Brembo : Good but not exceptional, and momentum could turn
>A solid Q2 without being exceptional - Yesterday during trading, Brembo released Q2 results that came slightly above expectations. As in previous quarters, the top-line performance was solid, but margins continue to wane and Brembo is no longer best-in-class in this area (vs CIE or Stabilus, for example). The group expects H2 to be in line with H1, but we are little more optimistic. Despite this, we are raising our 2022 EBITDA estimates by “only” 6%, putting us 6% ab...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.
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