(Reuters) – Shares in Brembo rose 3.8% on Wednesday after the Italian brake maker posted a 11.2% rise in first-quarter core earnings despite geopolitical tensions, inflation and China’s lockdowns due to the resurgence of the coronavirus pandemic. Earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first three months of the year rose to 150.8 million euros ($159.03 million) from 135.6 million euros in the same period in 2021. Core profit margin for the group – which makes brakes for several Formula One and MotoGP teams as well as premium carmakers such as Ferrari – wa…