Brembo Q3 2018 Results

Compared to the first nine months of 2017:

• Revenue grew by 8.0% to €1,999.7 million
• EBITDA at €380.0 million (EBITDA margin: 19.0%), EBIT at €266.8 million (EBIT margin: 13.3%)
• Net profit was €197.2 million (+0.4%)
• Net financial debt was €240.7 million, down by €22.4 million compared to 30 June 2018
• Net investments amounted to €184.1 million

Chairman Alberto Bombassei stated: “Brembo achieved good results in the third quarter of 2018. The Company is continuing determinedly with its process of growth and consolidation on both its main markets of operation and on markets where it has further increased its production capacity in recent years, such as the USA, China and India. We are also stepping up our commitment to research and development, in terms of both investments and the creation of dedicated facilities, in order to ensure the innovation necessary to keep pace with — or even to anticipate — the future needs of the automotive industry, which is undergoing rapid transformation, as may be seen from the gradual emergence of EVs.”

Executive Deputy Chairman Matteo Tiraboschi stated: “With regard to the figures approved today by the Board of Directors, I deem it important to emphasise the positive results achieved in the third quarter driven by our performance on the U.S. market, and activity at our new plants in China, Poland and North America, which are now near maximum productivity levels, in full accordance with Brembo strategic plan and in line with the investment plan. Although the tensions caused by macroeconomic scenarios remain considerably high, the solidity of our fundamentals and the dynamism of our operations at the global level allow us to look towards the remainder of 2018 with cautious optimism."