(Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter.
Brembo’s January-March operating profit (EBIT) stood at 112.8 million euros ($121.06 million), while its net profit marginally decreased to 75.2 million euros from 76.8 million euros.
The group said in a statement it sees for 2024 moderate revenue growth and margins in line with 2023.
($1 = 0.9318 euros)
(Reporting by Alessandro Parodi in Gdansk; Editing by Tomasz Janowski)
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