July 29 (Reuters) - Italian brake maker Brembo BRBI.MI posted on Tuesday a 14.4% drop in its first-half core profit (EBITDA) to 300.9 million euros ($348.08 million) dragged by headwinds in the automotive sector
The premium brake maker's first half net profit stood at 97.9 million euros, also down 37.4% from a year earlier, while its revenue totalled 1.88 billion euros, down 6.2% from a year before.
The Bergamo-based firm confirmed its full-year guidance aiming at revenue in line with 2024, and an EBITDA margin above 16%, assuming a more stable geopolitical context in the second half of the year.
($1 = 0.8645 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)
((Romolo.Tosiani@tr.com;))