Brembo : Slowdown confirmed
>Q3 below expectations and 2023 sales guidance downgraded - Brembo’s Q3 results, reported yesterday during trading, fell short of expectations (-2% for sales, -8% for EBITDA, -18% for net income). The group posted lower sales (-1% y-o-y, -2% q-o-q), reflecting forex impacts (impact of -3.8 pts y-o-y) but also a slowdown in commercial momentum (performance broadly in line with the market). Margins also showed sizeable deterioration in the quarter (EBITDA 16.1%, -190bp...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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