Brembo financial results for the first half of 2024

Brembo: H1 revenues at €2,004.8 million, up 2.8% (+3.3% on a like-for-like exchange rate basis); EBITDA at €351.4 million (17.5%), EBIT at €218.8 MILLION (10.9%).

Results at 30 June 2024:

• Revenues at €2,004.8 million, +2.8% compared to H1 2023 (+3.3% on a like-for-like exchange rate basis)
• EBITDA at €351.4 million (EBITDA margin: 17.5%); EBIT at €218.8 million (EBIT margin: 10.9%)
• Net investments and increases in leased assets at €186.5 million
• Net financial debt at €613.6 million (€435.0 million prior to the application of IFRS 16), up €51.3 million compared to 30 June 2023

Brembo Executive Chairman Matteo Tiraboschi stated: “Brembo closed the half year exceeding €2 billion revenue for the first time. EBITDA also continued to grow, demonstrating the Group’s ability to ensure profitability despite the pressures of the harsh geopolitical and market situation. Although the context remains complex, we continue to pursue with confidence our ambitious investment plan, in line with the strategies we are implementing to support the expansion of our global manufacturing and project-related capacity, particularly in Asia and in the Aftermarket. Moreover, we are forging ahead with our digital evolution, as witnessed by the recent acquisition of a stake in the U.S. startup Spoke Safety, specialising in connected mobility solutions.”