The General Shareholders’ Meeting of Brembo

The General Shareholders’ Meeting of Brembo held today approved:

• the 2021 Financial Statements and a gross dividend of €0.27 per share
• the plan for the buy-back and disposal of own shares
• the Remuneration Policy for 2022
• the appointment of a member of the Board of Directors pursuant to Article 2386 of the Italian Civil Code

Approval of the Financial Statements and Allocation of Profit

The General Shareholders’ Meeting of Brembo, held today under the chairmanship of Matteo Tiraboschi, approved the Financial Statements for the year ended 31 December 2021 and the distribution of a gross dividend of €0.27 per share outstanding at ex-coupon date, with the exclusion of own shares. The dividend will be paid as of 25 May 2022, ex-coupon No. 5 on 23 May 2022 (record date: 24 May 2022).

As already announced, Brembo Group’s revenues for 2021 amounted to €2,777.6 million, up 25.8% compared to the previous year (+25.0% on a like-for-like consolidation and exchange rate basis). In 2021, EBITDA amounted to €502.7 million (EBITDA margin: 18.1%), EBIT to €288.0 million (EBIT margin: 10.4%) and net profit to €215.5 million.

The Parent Brembo S.p.A.’s net revenues for 2021 were €1,021.3 million, up 25.3% compared to the previous year.

The General Shareholders’ Meeting approved the following allocation of the €111.2 million profit:

• to the Shareholders a gross dividend of €0.27 per each ordinary share outstanding at ex-coupon date, with the exclusion of own shares;
• the remaining amount carried forward.