Brembo revenues at €857.6 million, up 27.0% or +18.7% on a like-for-like exchange rate and consolidation basis. EBIDTA at €150.8 million, net profit at €71.7 million.
Compared to Q1 2021:
Brembo Executive Chairman Matteo Tiraboschi stated: "Brembo has kicked off the new year with positive results. The figures for the first quarter of 2022, approved today by the Board of Directors, show increased turnover and margins compared to the same period of 2021. This is a satisfying performance, above all considering the complex global scenario in which we operate, affected by the consequences of the conflict in Ukraine and the inflationary pressures on raw materials in supply chains. The first three months of the year saw a growth across all business segments, underscoring how our solid production footprint in the world’s main automotive districts has protected us against slowdowns in some markets. We have been keeping abreast of the signs of change in our sector, and we are continuing with a strategic approach focused on developing innovative solutions for the mobility of tomorrow.”
Senior Account Manager DACH / UK