Brembo financial results for the first half of 2020

• Revenues amounted to €951.1 million (-28.2%)
• EBITDA margin at 15.1% to €143.3 million; EBIT margin at 4.1% to €38.8 million
• Net investments for the period amounted to €73.4 million
• Net financial debt at €597.5 million (€407.2 million prior to the application of IFRS 16), up €147.1 million compared to 31 March 2020

Brembo Chairman Alberto Bombassei stated: “The results for the first half of 2020 approved by the Board of Directors today underscore how Brembo showed considerable resilience in such a challenging environment, protecting its margin levels and financial solidity. The Company believes it is well-positioned for the market evolution, thanks to its commitment towards innovation, digitalisation and environmental protection, despite the continuing situation of uncertainty of the automotive industry, further exacerbated by the crisis that has impacted the global economy. We look to the future with confidence, relying on our solid fundamentals and an ambitious development programme focused on the long term, which will allow us to resume our growth.”