The General Shareholders’ Meeting of Brembo was held today in Stezzano (Bergamo) and approved:
Approval of the Financial Statements and Allocation of Profit
The General Shareholders' Meeting of Brembo, held today at the Headquarters in Stezzano, Bergamo, under the chairmanship of Alberto Bombassei, approved the Financial Statements for the year ended 31 December 2017 and the distribution of a gross dividend of €0.22 per share outstanding at ex-coupon date, with the exclusion of the Company’s own shares. Payment date for the dividend will be 23 May 2018, ex-coupon No. 1 (new ISIN code IT0005252728) on 21 May 2018 (record date: 22 May 2018).
Brembo Group’s revenues for 2017 amounted to €2,463.6 million, up 8.1% compared to the previous year. As already disclosed, 2017 showed a good growth in revenues and margins: compared to the previous year, EBITDA increased by 8.2% to €480.0 million (EBITDA margin: 19.5%), EBIT grew by 5.7% to €346.3 million (EBIT margin: 14.1%), and net profit rose by 9.5% to €263.4 million.
Senior Account Manager DACH / UK