Brembo financial results for the first half of 2019

•    Revenues down by 1.2% to €1,323.8 million (-0.7% on a like-for-like consolidation basis)
•    EBITDA margin at 20.4% to €270.6 million; EBIT margin at 13.2% to €174.5 million 
•    Net investments amounted to €101.9 million
•    Net financial debt at €434.5 million

Chairman Alberto Bombassei stated: “Despite reflecting the Company’s ability to firmly maintain its market shares at a global level, and even to gain further ground in some countries, Brembo's results for the first half of 2019, as approved by the Board of Directors today, highlight the difficult situation that has continued to characterise the automotive sector for some time. It is precisely when the markets are struggling, that constant process and product innovation, which for Brembo has always been an absolute value, plays a fundamental role in ensuring competitive success. In light of this, Brembo will continue to invest in manufacturing technologies, as well as research and development, and to rely on top professionals to help support our growth.” 

Executive Deputy Chairman Matteo Tiraboschi stated: “I think it is very important — above all at a time when markets are stagnant, as they are today — to underline our essentially stable fundamentals, and in particular our sound level of profitability thanks to the performances of our production plants, even though they are not yet operating at full capacity. On the strength of its cutting-edge product portfolio, but also of geographical distribution strategies driven by a desire to actively collaborate with our customers wherever they operate, I believe that Brembo can continue to evolve in the direction of a future of long-term growth.”