One of the world’s best-known wheel brands is making a comeback in the UK. Aftermarket alloy wheel supplier Wheelwright reports that British buyers will soon once again be able to get their hands upon Momo rims and also kit their cars out with Momo tyres.
The annual Momo Tires calendar represents a change of direction. While images were previously taken from the archive of wildlife photographer Ricardo Cisneros, the tyre brand said it would, in cooperation with Momo Italy, explore new options with different naturalist photographers in future editions. The 2017 version features avian images by Stefano Ronchi, which Momo calls “sophisticated and elegant”.
Italian tyre wholesaler Univergomma Spa reported increased sales and strongly improved profits in its full-year 2015 results.
The full-year 2015 figures show that the company achieved a turnover of 96.7 million euros up to 31 December 2015. This was based on sales increases of 4.3 per cent in value and +4.7 per cent in volume compared with the previous year. Year-on-year, pre-tax profits (EBITDA) was 8 million euros, up 60 per cent. The net final result of approximately 3 million euros improved by 72.5 per cent.
The Italian tyre brand Momo Tires has signed a contract to manufacture Momo tyres “in Europe”. According to the company, the new partnership includes the production of three brand new models, along with an innovative “four season” tyre to complete the line-up. However, no further details of exactly where the tyres will be produced have yet been released. In answer to questions from Tyres & Accessories, Momo representatives simply said they will publish the name of the producer and the factory soon, which could suggest it is a manufacturer with more than one factory.
Momo Tires is planning to generate more international interest in 2014, with the news that it is participating in three different trade fairs this year. The first will be the Tyre & Rubber Indonesia, which will take place from 19 – 22 March 2014 at JIExpo Kemayoran Jakarta.
Italian tyre wholesaler Univergomma and the company’s Momo Tires exclusive brand reported a 19.8 per cent increase in sales volumes. According to Alexandra Peccia, head of marketing and public relations at Univergomma the impressive growth came despite the tough socio-political climate that is going through Europe and especially through Italy. Sales (in terms of value) were up 14 per cent year-on-year, confirming an initial profit margin exceeding 22 per cent and an EBITDA margin of 5.47 per cent.