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Why Brembo wants to boost its software, digitalization expertise autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - Italian premium brakes maker Brembo aims for full-year revenue to grow around 15% and margins on core earnings to come in at between 18.5% and 19% this year after posting strong first quarter results, its executive deputy chairman said on Monday.
The company will be able to pass on to clients most of the increases in raw material prices, including steel, iron ore materials and aluminium alloys, Matteo Tiraboschi told Reuters. Most of our contracts are indexed to raw materials, he said in a phone interview after presenting the company s results to analysts.
Tiraboschi said forecasts included the effect of raw material price increases and recently made acquisitions.
Brembo quarterly net profit up 18% despite COVID hit autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.