Brembo financial results for the third quarter of 2021

Compared to 30 September 2020:

• Revenues amounted to €2,041.8 million (+30.9%)
• EBITDA at €381.7 million (EBITDA margin: 18.7%), EBIT at €224.1 million (EBIT margin: 11.0%)
• Net investments for the period at €152.0 million
• Net financial debt at €483.3 million (€277.5 million prior to the application of IFRS 16), down €22.4 million compared to 30 September 2020

Brembo Chairman Alberto Bombassei stated: “The results for the third quarter of 2021 approved today by Brembo’s Board of Directors show how the company has succeeded in generating growing revenues compared to the same period of not only the previous year but, especially, of 2019, outperforming its reference market. The Group’s fundamentals remain solid, thanks to the contribution of all the business segments in which we operate.

However, after reporting a robust performance in the first half of the year, there was a strong and negative impact from commodities inflation and semiconductor shortage. These exogenous factors are likely to impact the automotive industry at least until the end of 2021, although the demand for vehicles remains high.

In a difficult context that generates uncertainties on the immediate future, Brembo’s strategy continues in the direction it has taken. We finalized the acquisition of J.Juan in Spain, thus completing our motorbike range of products. Moreover, the recent introduction of our new, intelligent braking system, SENSIFY™, positions Brembo as a cutting-edge company ready to provide technological solutions for the vehicles of the future.”