|Bid||8.45 x 0|
|Ask||8.89 x 0|
|Day's Range||8.43 - 8.77|
|52 Week Range||8.10 - 13.52|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||11.58|
|Earnings Date||Nov 09, 2022|
|Forward Dividend & Yield||0.27 (3.10%)|
|Ex-Dividend Date||May 23, 2022|
|1y Target Est||12.51|
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Brembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted a 13% rise in first-half core earnings. Brembo this week said it and Gold Phoenix had agreed to create a 50/50 JV to build in China Brembo's first large scale facility fully dedicated to producing pads for the aftermarket, with an overall investment of about 35 million euros over the next three years.
Brake maker Brembo has a full order book and all of its plants are running at full capacity, apart from those in China due to a COVID-19 lockdown, its executive chairman said. Matteo Tiraboschi said on Wednesday that Brembo had visibility of 3-4 months for its order book, as the Italian brake maker posted a 11.2% rise in first-quarter core earnings. Tiraboschi said Brembo, which runs four production sites in China along with a commercial base and an R&D centre, suffered a fall of around 40% in output volumes in the country in April.
Brembo Executive Chairman Matteo Tiraboschi told Reuters the company had a positive start in 2022, with a "robust" performance in January and February. But he said that the Russian invasion of Ukraine was putting a "huge question mark" on the business outlook. The company, with operations in 15 countries including Russia, said in a statement the direct impact of the Russia-Ukraine crisis on the group was limited as it has no production sites in the area, but it was nonetheless closely monitoring the impact on commodity supplies and production costs.