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Brembo Q2 profit climbs 28.7% YOY

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Brembo Q2 profit climbs 28.7% YOY

Brembo SpA said its second-quarter normalized net income came to 11 euro cents per share, a gain of 30.1% from 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €35.3 million, an increase of 28.7% from €27.4 million in the year-earlier period.

The normalized profit margin rose to 6.7% from 6.0% in the year-earlier period.

Total revenue rose 15.8% year over year to €529.4 million from €457.4 million, and total operating expenses increased 14.0% year over year to €470.2 million from €412.4 million.

Reported net income increased 53.7% year over year to €43.1 million, or 13 cents per share, from €28.1 million, or 9 cents per share.