Brembo Sales up 6.1%
Brembo, the Italian producer of brake components, says it had net profit of Euro 29.8 million for the nine months ended September 30, 2005, up 6.2% from a net profit of 28 million for the same nine months in 2004. The company reported sales of 538.7 million during the nine-month period in 2005, up 6.1% from sales of 507.9 million posted in 2004.
Brembo officials say the commercial vehicle segment showed the most growth, with sales increasing 13.6%; the Racing segment achieved 6.4% sales growth; and sales of applications for passenger cars increased 5.6%.
While sharp increases in raw material prices and competitive pressures have continued, Brembo officials say the start-up of a new foundry in Poland next year coupled with other production initiatives should continue to contribute to a progressive improvement in sales and profits.
