Brembo Raises Revenue Outlook and Eyes New M&A Deals
The Italian brake manufacturer increased its annual revenue growth forecast to 3% after successfully managing supply chain disruptions. Executive Chairman Matteo Tiraboschi confirmed the company is evaluating further acquisitions in the suspension sector to complement its core braking business.
BREMBO N.V. raised its full-year revenue growth forecast to 3% after securing new supply chains to bypass regional conflict disruptions. The Italian brake manufacturer previously expected flat annual revenue following the outbreak of war initiated by the United States and Israel against Iran. Shares in the Milan-listed company rose 11% in the late afternoon as investors reacted to the upgraded guidance and a slight increase in core profit.
### Supply Chain Resilience Drives Growth Executive Chairman Matteo Tiraboschi told Reuters that the previous March outlook was overly prudent. Brembo neutralized energy and material shortages by quickly identifying alternative suppliers for critical inputs like aluminium.
