Italian automotive and motorcycle brake giant Brembo’s half-year 2024 results unveiled a 2.8% revenue increase to £1.693bn – narrowly exceeding two billion euros for the first time ever in a comparable period. Operating profit reached £184.7m and operating margin hit 10.9%. However, net debt stood at £518.2m, £43.3m higher than the position 12 months earlier.
Commenting on these figures, Brembo executive chairman Matteo Tiraboschi said they demonstrated the Group’s ability to ensure profitability despite the pressures of a harsh geopolitical and market situation.
“Although the context remains complex, we continue to pursue with confidence our ambitious investment plan, in line with the strategies we are implementing to support expansion of our global manufacturing and project-related capacity, particularly in Asia and in the aftermarket,” Tiraboschi added, referencing Brembo’s new motorcycle brakes plant development in Thailand.