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Brembo S.p.A. (BRE.MI)

Milan - Milan Delayed price. Currency in EUR
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11.98+0.20 (+1.70%)
As of 03:20PM CEST. Market open.
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  • Reuters

    Brembo "plays it by ear" with cagey 2024 sales forecast

    Italy's Brembo offered a cautious outlook on Tuesday, guiding for mid-single digit revenue growth this year, in line with its performance for 2023, as geopolitical and commercial tensions allow limited visibility on future business prospects. Executive Chairman Matteo Tiraboschi said the premium brakes maker saw positive momentum in all markets where it operates. Shares in the Bergamo-based company were down 0.4% by 1630 GMT, slightly underperforming a 0.6% rise on Italy's main stock market index.

  • Reuters

    Italy's Brembo to relocate to Netherlands despite voting rights change

    Italy's Brembo will go ahead with plans to move its registered office to the Netherlands, a spokesman said, despite efforts by the Italian government to encourage more businesses to retain their legal base in the country. The brake maker last year decided to transfer its legal headquarters to the Netherlands and strengthen its loyalty share scheme, in a move it said it was aimed at increasing its ability to capitalise on M&A opportunities. The process is scheduled to be completed shortly, with the company being incorporated in the Netherlands from April 24, the day after its next shareholders meeting.

  • Reuters

    Italy's Brembo to expand production capacity with new plant in Thailand

    Italy's Brembo will expand its production capacity in South-East Asia setting up a new plant in Thailand, the brake maker said on Thursday. The site, for which the firm has earmarked an investment of about 40 million euros ($43.41 million), will produce brake systems for local two-wheeler makers in the industrial district of the Rayong province, Brembo said in a statement. It adds to those made in past years in the two-wheeler market, which Brembo said is worth around 13% of its total revenues.