Brembo: Sharp growth in H1 2023

First Half 2023:

• Revenues at €1,949.9 million, +11.6% compared to H1 2022 (+12.3% on a like-for-like exchange rate basis
• EBITDA at €344.0 million (EBITDA margin: 17.6%); EBIT at €217.9 million (EBIT margin: 11.2%)
• Net investments and increases in leased assets at €165.2 million
• Net financial debt at €562.3 million (€388.5 million prior to the application of IFRS 16), down €32.8 million compared to 30 June 2022

Executive Chairman Matteo Tiraboschi stated: “We closed the first half of the year with very positive results, as approved today by the Board of Directors. Revenues neared two billion euros, up 11.6% compared to the same period of the previous year. Margins showed a double-digit growth as well. This performance, driven by all the business segments and all the markets in which Brembo operates, confirms the Company’s solidity in a challenging geopolitical context and allows us to look to the second half of the year with confidence and optimism. The first half of the year was also marked by the start of operations at Brembo Solutions, a new unit dedicated to developing software solutions for business clients to improve their efficiency and competitiveness in several sectors. Brembo Solutions opens up new opportunities for the Company, accelerating our ability to innovate in the digital arena.”