Brembo : Risks and opportunities
>Underwhelming Q4 and 2023 guidance still (too?) cautious - Brembo’s Q4 results, reported during trading hours yesterday, were disappointing with EBITDA/EBIT/attrib. net income -15%/25%/-25% short of the Visible Alpha consensus. The group blamed this poor performance on one-off disruptions (plant expansion, supply chain disruption, investments). The guidance for 2023 also looks quite cautious (margins = 2022) and implies EBIT ~10% short of the consensus. We nonetheles...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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