Brembo has recorded first-quarter revenue up 17.2% to EUR675.1m (US$821m).
“We have begun Brembo’s 60th year with particularly encouraging results,” said Brembo chairman, Alberto Bombassei.
“The figures for the first quarter of 2021 approved by the board of directors indicate a robust recovery and point to a continuation of the trend witnessed in the final three months of 2020. Never before in Brembo’s history had we seen revenues this high in the first quarter, up not only on the same period of 2020 but also, and above all, on 2019.
“Our results were driven by the positive performance of all segments and geographical areas in which we operate. Although the market scenario continues to be marked by uncertainties, these results allow us to look to the coming months with confidence.
“We remain focused on the innovation of our solutions thanks to an increasingly integrated and sustainability-oriented product portfolio which has been expanded through the acquisition of SBS Friction in Denmark and will be further enhanced by the recently announced acquisition of J.Juan in Spain.”
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Original source: https://www.bmb-consult.com/user/pages/05.pressezentrum/brembo-results-for-the-first-quarter-of-2021/Press%20release_Brembo%20Q1%202021%20results_full%20version.pdf