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Morgan Stanley Auto Conference - London, 22nd June - Brembo

Morgan Stanley Auto Conference - London, 22nd June - Brembo

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Cost structure evolution<br />

% of sales Q1 06<br />

D&A 4.4%<br />

EBIT<br />

Financial charges (1.3%)<br />

<strong>Morgan</strong> <strong>Stanley</strong> <strong>Auto</strong> <strong>Conference</strong> - <strong>London</strong>, 22 nd <strong>June</strong><br />

Q1 05<br />

5.4%<br />

10.5% 9.8%<br />

(1.3%)<br />

Tax rate 39.2% 38.4%<br />

Net income 5.4% 5.2%

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