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Brembo: USA-Mexico-Canada Sales +49.8%

The Italian company Brembo - present in Mexico with production plants in Puebla, Apodaca and Escobedo - closed the first half of the year with a net profit of 148.9 million euros, 17.3% higher compared to the same period last year.  Revenues amounted to €1.75 billion, an increase of 28.3% compared to the first half of 2021.

Earnings before interest, taxes, depreciation and amortization (Ebitda) amounted to 305.3 million, a net increase of 13% compared to 270.2 million in H1 2021.
The level of orders for the coming months "confirms a solid and good saturation of production capacity globally. Barring extraordinary changes in the geopolitical and macroeconomic context, with particular reference to exchange rates, raw material prices and public utility services, the Group expects a second half of the year in line with the first half in terms of turnover and margins," the company explained in a note.

In the first half of the year, Brembo recorded a positive trend in all the segments in which it operates. The automotive sector grew 27.6%, parts for motorcycles 44.3%, those for commercial vehicles 17.4% and the racing division 24.2% compared to the first half of 2021.

Geographically, sales grew in Italy 15.9%, in Germany 27.5%, in France 10.1%, while in the United Kingdom they fell 3.4%. The North American market (United States, Mexico and Canada) grew 49.8%, while the South American market (Brazil and Argentina) grew 44.9%. India increased 30.9%, China 24.6%, while Japan decreased 25.6%.
Cost of sales and other net operating costs amounted to 1.15 billion euros, 65.8% of revenues, a percentage increase over the same period of the previous year, when they amounted to 62.0% of revenues. Personnel expenses amounted to 301.7 million euros, with an incidence of 17.3% of revenues, lower than in the same period of the previous year.
The number of employees on June 30, 2022 was 12,797 (including 628 from the Spanish group J.Juan, acquired just over a year ago), compared to 12,656 at March 31, 2022 and 12,225 at December 31, 2021.

Source: Punto di Incontro