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Brembo Q1 operating profit rises on record sales
Global Banking & Finance Review®
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(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.
(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)
Operating profit, also known as EBIT (Earnings Before Interest and Taxes), is a measure of a company's profitability from its core business operations, excluding deductions of interest and taxes.
Revenues are the total income generated by a company from its business activities, typically from the sale of goods or services before any expenses are deducted.
Net profit is the amount of money that remains after all expenses, including taxes and interest, have been subtracted from total revenues. It indicates the overall profitability of a company.
Profit margins are financial metrics that indicate the percentage of revenue that exceeds the costs of goods sold (COGS). They reflect a company's efficiency in managing its operations.
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