Brembo 2019 Annual Report

Compared to 2018 results:

• Revenues decreased by 1.8% to €2,591.7 million (-1.3% on a like-for-like consolidation basis)
• EBITDA €515.2 million (EBITDA margin: 19.9%); EBIT €318.5 million (EBIT margin: 12.3%)
• Net profit amounted to €231.3 million
• Net investments amounted €247.3 million
• Net financial debt at €346.2 million
• Proposal to distribute an ordinary dividend of €0.22 per share

Chairman Alberto Bombassei stated: “Brembo’s operating results in 2019, approved today, show that the Company succeeded in effectively managing its long-term strategies within a particularly challenging market environment, which throughout the year has impacted the automotive industry at world level. Despite a slight decline compared with the 2018 results, Brembo continued to outperform the average of its reference market, while also succeeding in retaining strong margin levels.

The business sectors related to motorbikes, commercial vehicles and racing applications showed improving results due to an integrated portfolio of innovative solutions capable of meeting customers’ constantly increasing needs for excellence, quality and design.

However, the automotive market scenario continues to be characterised by severe uncertainty and volatility, partly due to the global spread of the coronavirus. We are following the related developments very closely and attentively, and taking a series of monitoring and prevention measures at all production facilities to safeguard our personnel and the communities in which we operate, in concert with the local authorities. Nonetheless, our ability to innovate, together with our production excellence that is without peer in the sector and the daily efforts of our people in serving our customers, will allow us to improve our competitive and strategic positioning on all the markets on which Brembo operates.”