Brembo financial results for the first quarter of 2022

Compared to Q1 2021:

• Revenues at €857.6 million (+27.0%); +18.7% on a like-for-like exchange rate and consolidation basis
• EBITDA margin at 17.6% to €150.8 million; EBIT margin at 10.8% to €92.9 million
• Net investments for the quarter at €59.9 million
• Net financial debt at €456.5 million (€229.2 million prior to the application of IFRS 16), up €17.6 million compared to 31 March 2021

Brembo Executive Chairman Matteo Tiraboschi stated: "Brembo has kicked off the new year with positive results. The figures for the first quarter of 2022, approved today by the Board of Directors, show increased turnover and margins compared to the same period of 2021. This is a satisfying performance, above all considering the complex global scenario in which we operate, affected by the consequences of the conflict in Ukraine and the inflationary pressures on raw materials in supply chains. The first three months of the year saw a growth across all business segments, underscoring how our solid production footprint in the world’s main automotive districts has protected us against slowdowns in some markets. We have been keeping abreast of the signs of change in our sector, and we are continuing with a strategic approach focused on developing innovative solutions for the mobility of tomorrow.”