Brembo financial results for the first quarter of 2024

Results at 31 March 2024:

• Revenues at €1,004.6 million (+4.4%): +5.3% on a like-for-like exchange rate basis
• EBITDA margin at 17.6% to €176.8 million; EBIT margin at 11.2% to €112.8 million
• Net investments and increases in leased assets at €75.2 million
• Net financial debt at €529.5 million (€357.5 million prior to the application of IFRS 16), up €23.1 million compared to 31 March 2023

Brembo Executive Chairman Matteo Tiraboschi stated: “Brembo began also 2024 with positive results, after the uptrend already reported for 2023. For the first time, we exceeded the €1 billion revenue threshold in just one quarter — a result driven by higher volumes in our key business segments and in the main markets in which we operate worldwide. We are continuing to invest so as to foster our Group’s global expansion strategy: in Thailand we are building our first production plant dedicated to motorbike manufacturers, thus laying the foundations for a further development of Brembo’s business in the Southeast Asia region. In an increasingly complex market context, we stand alongside our customers, developing innovative and sustainable solutions to successfully face the challenges that are shaping the future of the automotive sector.”