Brembo financial results for the first half of 2021

Compared to H1 2020:

• Revenues amounted to €1,360.8 million (+43.1%)
• EBITDA at €270.2 million (EBITDA margin: 19.9%), EBIT at €165.8 million (EBIT margin: 12.2%)
• Net investments for the period amounted to €99.9 million
• Net financial debt €496.9 million (€290.2 million prior to the application of IFRS 16), down €100.6 million compared to 30 June 2020

Brembo Chairman Alberto Bombassei stated:

“The results for the first half of 2021, approved today by the Board of Directors, consolidate the positive trend that began in the fourth quarter of the previous year. The first six months testify not only to Brembo’s strong, immediate recovery after a difficult 2020, but also a return to growth for the Company, with revenues and net profit even exceeding those for the same period of 2019. All business segments and geographical areas in which Brembo operates reported double-digit growth compared to the first half of 2020.

Consistently with the strategy already announced, in the reporting period the Group acquired businesses in innovative sectors that reflect the new automotive-related megatrends.

Although the market remains uncertain overall, due to some external factors, the figures for the first half of the year allow us to look with confidence to 2021, in which we continue to invest. In the first months of the year, we announced the acquisition of the J.Juan group in Spain, a leader in the motorbike sector, with the aim of expanding our solutions portfolio. More recently, we have also announced the opening of  Brembo Inspiration Lab, our first centre of excellence in the United States, in the Silicon Valley, to accelerate Brembo’s digitalisation. These deals strengthen our natural propensity for innovation, which will continue to guide us in the future.”