Brembo third quarter core earnings slip on tougher comparison, confirms outlook

MILAN, Nov 5 (Reuters) - Italian premium brake maker Brembo said on Thursday its core earnings fell 2.2% in the third quarter versus the same period of 2025, when they benefited from one-off gains linked to energy and raw-material indexation in contracts with clients.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at €158 million ($178 million) in the July-September period.   

"Last year there were extraordinary elements that entered that quarter and therefore gave it more margins, more EBITDA," Executive Chairman Matteo Tiraboschi told Reuters, adding they were mainly related to energy costs.

Revenue in the July-September period rose almost 6% to €962 million, with Brembo's EBITDA margin dipping to 16.5% from 17.8% a year earlier.

The company reiterated its full-year forecasts, including for a revenue increase of around 5% at constant exchange rates and for an EBITDA margin of around 16.5%.

Shares in the company fell as much as 7.2% after the results were published but by 1545 GMT they had regained some of that ground and were down 2.7%.

Tiraboschi on Thursday downplayed Brembo's interest in Monroe, the suspension unit of US auto parts maker Tenneco, despite media reports earlier this year linking the Italian group to a potential purchase deal worth over €1 billion.

"The interest in this dossier is virtually zero," Tiraboschi said, adding Brembo had reviewed the asset but found none of the specific technological features it was seeking.($1 = 0.8880 euros)

(Reporting by Giulio Piovaccari in Milan and Romolo Tosiani in GdanskEditing by Keith Weir)