Brembo SpA said its normalized net income for the first quarter came to 11 euro cents per share, an increase of 35.7% from 8 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €36.8 million, a gain of 36.0% from €27.0 million in the year-earlier period.
The normalized profit margin climbed to 7.1% from 6.0% in the year-earlier period.
Total revenue increased 15.0% year over year to €517.3 million from €450.0 million, and total operating expenses climbed 13.7% from the prior-year period to €459.5 million from €404.1 million.
Reported net income increased 27.5% from the prior-year period to €45.8 million, or 14 cents per share, from €35.9 million, or 11 cents per share.
