Brembo : Robust and already well-appreciated Q1 2023 results
>Sales still dynamic driven by the geomix and robust commercial momentum - Brembo published yesterday during trading robust Q1 results ahead of our expectations. Q1 sales came to € 962m, up +12% y-o-y, in line with our expectations (€ 960m), reflecting an outperformance of 6 pts vs global LVP, driven by a favourable geomix (overexposed to the recovery in Europe and to a lesser extent in the US) and commercial momentum that was still robust. By division, growth wa...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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