(Reuters) -Italian premium brake maker Brembo said on Thursday its 2025 revenue was expected to fall 2%, after previously guiding for it to be in line with last year’s, citing the unstable geopolitical and macroeconomic environment.
However, it confirmed its core profit margin target of more than 16%, after the corresponding third-quarter number reached 17.8%.
The premium brake maker’s July-to-September revenue stood at 909 million euros ($1.1 billion), down 1.5% from a year earlier, while its earnings before interest, taxes, depreciation and amortisation rose 8.2% to 161.9 million euros.
“Our results show the group’s solidity in facing the current challenging phase of the automotive industry,” Executive Chairman Matteo Tiraboschi said in a statement.
Brembo’s shares jumped as much as 9.5% following the publication of the result. They were trading 7.8% higher by 1250 GMT, on track for their biggest one-day rise since May 2022.
($1 = 0.8575 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Milla Nissi-Prussak)
