Brembo: Motorcycle Sector Up 34.3%

Q3 2010 Results

Brembo, the Italian motorcycle brake company, and the Board of Directors approved the results for the third quarter of 2010: Net revenues in the third quarter of 2010 amounted to €268.9 million, up 28% compared to the same period of 2009. On a like-for-like basis in terms of consolidation area, net revenues increased 27.6%.

The largest increases were seen in the commercial vehicles sector, which rose by 39.5% compared to the third quarter of 2009, and the motorcycle sector, which reported a gain of 34.3% owing to the recovery of several major clients and the strong performance of the Indian market.

The car sector also performed well, up 27.6% thanks to recoveries of the North American market and the main European customers. After several difficult quarters, positive results were once again reported by the racing (+4.7%) and passive safety (+9.7%) sectors.

In geographical terms, the emerging countries continue developing: China – which benefited from the change in consolidation area – grew by 74.1%, India grew by 72.2%, and Brazil by 19.7%.

The European market showed positive signs, with France up 60.8%, Germany 44.7%, Italy 28.7% and the United Kingdom 18%, owing in part to the comparison with an especially challenging third quarter of 2009.

NAFTA countries also recovered, growing by 8.7% compared to the same period of 2009. In Q3 2010, the cost of sales and other operating costs amounted to €185.6 million, representing 69.1% of turnover, compared to 65.6% for the same period of the previous year.

Personnel expenses for Q3 were €50.2 million, with a ratio to revenues of 18.7%, with a significant decrease compared to 22.4% in the same period of 2009, which included nonrecurring restructuring costs. (Exchange Rate: €1 = $1.37 USD)

At Sept. 30, 2010, the workforce numbered 5,698 (5,603 in June 2010 and 5,417 in December 2009).

Previous articleXTRIG Now Accepting Racer Resumes
Next articleHyosung Arrives in India
Ron Lieback
One of the few moto journalists based on the East Coast, Ron Lieback joined the motorcycle industry as a freelancer in 2007, and is currently Online Editor at Ultimate Motorcycling. He is also the author of "365 to Vision: Modern Writer's Guide (How to Produce More Quality Writing in Less Time).