MILAN, March 5 Italian brakes manufacturer
Brembo expects to post an 8 percent rise in revenues
in 2013, the company's executive vice chairman told Reuters on
The year 2013 "started well, the orders secured and the
portfolio offer good hope for the first 6 months and for the
whole year," Matteo Tiraboschi said in a telephone interview.
Tiraboschi said margin on its core earnings should remain at
current levels of 12.4-12.5 percent.
Asked about the dividend he said "if all goes as planned
this year's (0.4 euros per share) is a number we can propose
again to shareholders in 2014."
Earlier on Tuesday, Brembo said it would pay a 2012 dividend
of 0.40 euros per share, up 33 percent on the year, as profit
surged driven by lower tax and higher sales in its main German
and North America markets.
(Reporting By Stefano Rebaudo, writing by Stephen Jewkes,
editing by Danilo Masoni)