(Reuters) – Italian brake maker Brembo has trimmed its core profit margin projection for 2024 to 17% from 17.3% on revenue expected to remain flat year on year, it said after posting nine-month results on Thursday.
The group, clients of which include premium automakers such as Tesla, BMW and Ferrari, reported net profit of 197.2 million euros ($212.17 million) for the nine months to Sept. 30, down 14.7% year on year, citing weakness in the wider automotive market.
($1 = 0.9295 euros)
(Reporting by Romolo Tosiani; Editing by David Goodman)
