Previous Close | 11.94 |
Open | 11.94 |
Bid | 11.89 x 0 |
Ask | 11.91 x 0 |
Day's Range | 11.87 - 12.01 |
52 Week Range | 9.96 - 14.98 |
Volume | |
Avg. Volume | 439,676 |
Market Cap | 3.785B |
Beta (5Y Monthly) | 1.23 |
PE Ratio (TTM) | 12.63 |
EPS (TTM) | 0.94 |
Earnings Date | May 09, 2024 |
Forward Dividend & Yield | 0.30 (2.51%) |
Ex-Dividend Date | May 20, 2024 |
1y Target Est | 13.30 |
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Premium brake maker Brembo posted a 12.7% increase in its half-year core earnings, driven by an automotive sector which remains robust at the top end of the market, its chairman told Reuters on Thursday. Executive Chairman Matteo Tiraboschi said Brembo retained solid pricing power, thanks to the high quality and high technological content of its brakes. "If I look at our business volumes for the coming months I hardly see any signs of a slowdown, at least in our segment of high-end applications," he said.
Pirelli investor Brembo is worried about strains between the tyremaker's Italian and Chinese shareholders and is likely to steer clear of any plan to build an Italian majority in the company, two sources told Reuters. Last week, the Italian government intervened in a shareholder governance agreement at Pirelli, using so-called "golden power" legislation designed to protect key national assets. Rome's move will limit the influence of its largest investor, China's Sinochem which has a 37% stake.
Italy's Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari, Exor, Mediaset and Campari, to establish in the Netherlands to enjoy the benefits of the country's favourable loyalty share legislation. The new loyalty share scheme will ensure "a more solid shareholder base and higher flexibility in pursuing growth opportunities through acquisitions that can be made through the issue of new shares," the Italian group said in statement.