Brembo’s Q1 net profit up 32% y/y to USD68 million
Expects higher growth for the rest of this year
Brembo has reported a 31.9% year-over-year (y/y) increase in net profit to EUR60.4 million (USD68.3 million, 31 March 2016) for the first quarter ended 31 March 2016, driven mainly by a 9.6% y/y growth in sales to EUR563.6 million (USD637.6 million), the Italy-based brake systems supplier said in a press release.
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